The Port of Los Angeles is breaking export records again, topping last year's all-time-high by 14.5 percent with more than two million cargo containers loaded and shipped from the port in 2010.
In all, the port handled almost eight million containers, including empties, which also marked an increase from the previous year.
Mayor Antonio Villaraigosa spoke about future improvements in a statement, saying, “We’re fortunate to have stronger year-over-year results in 2011 but we are not resting on our laurels as the nation’s premier trade gateway.”
"Exports at the port have been helped by the continued weakness of the U.S. dollar," says the Los Angeles Business Journal, which also attributes the boost in business to the arrival of terminal operator California United Terminals from Long Beach.
The Port of Long Beach, which reached a tentative, 40-year, $4.6-billion lease agreement this week with one of the largest cargo shipping companies in the world, notes the L.A. Times, ranks second to Port of Los Angeles in the number of cargo containers handled.