Friday, May 18, 2012

Port of Los Angeles Enjoys Strongest April on Record

The Port of Los Angeles endured a drastic shortfall following the housing crisis and the Great Recession which it precipiated.

Now, the Port of LA is on target to command a speedier recovery, in part from the demand for school supplies and other goods in the fall of this year.

For the first time on record, the largest port in the United States took in greater than 700,000 cargo containers. The jump is not just a sign of optimism for the region, but also for the country and the economy, which has longed for surer signs of recovery besides Economist Paul Krugman's hollow comfort that growth has not slowed.

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