Port of Long Beach Container Volume Could Be 'New Normal' Says Port Chief - Bloomberg

2022-06-20 11:59:06 By : Mr. Brian Zou

Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens.

Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world.

Using a technique he has perfected over thousands of surfboards, Danny Hess makes the most beautiful, sustainable wooden surfboards in the world.

Tesla’s German Hiring Hitting Roadblocks Over Wages, Union Says

Nurses at Zimbabwe’s Government Hospitals Start Strike Over Pay

Euromoney Gets £1.6 Billion Private Equity Takeover Approach

Zilingo’s Board to Weigh Options Including Liquidation or Buyout

Charts Showing African Startups Resilience Amid Global Chaos

Boris Johnson Has Minor Surgery for Sinus Issue; Raab in Charge

New Date for South African Graft Report to Be Announced Soon

America’s Top 1% Lose $1.5 Trillion on Stocks Before Bear Market

Gold Billionaire to Moonlight as DJ at Sold-Out Cairo Club

Chelsea FC’s Abramovich-Era Chairman to Step Down

Fitzpatrick's Victory a Win for Golf At Thrilling US Open

The Weakness of Putin’s Economic Show of Force

NATO Must Bring Finland, Sweden and Turkey Together

The West Is Facing a Followership Crisis

China’s Consumer Confidence Crisis Will Leave Permanent Scars

How to Mix Strategy Sessions With Karaoke at a Modern Company Retreat

Adults Who Love Toys? The Toy Industry Loves Them, Too

Prince William Vows to Raise Awareness of Homelessness

Cost-of-Living Crisis Spurs Depression, Anxiety and Panic Attacks

Drivers Warned to Expect Traffic Misery During Rail Strikes

China Hit by Floods and Heat Waves in Climate Double Whammy

PG&E Wants to Add ‘Scope 4’ Emissions to Your Climate Dictionary

Barcelona Targets Cruise Ships in Its Latest Fight With Tourists

The Museum Seeking to Unlock a War-Hit Nation’s Mineral Wealth

Rikers Jail Replacement Plan Pits Chinatown Against New York City

Crypto Unicorns Are on Notice as VC Backers Gird for Slump

Crypto Market Starting to See Even Old-Timers ‘Panic Selling’

Bitcoin Bounces Above $20,000 in Swift Rebound; Caution Advised

The record volume of cargo moving through the U.S.’s busiest port complex is likely to continue amid high consumer demand for goods, the head of the Port of Long Beach said.

“It’s going to be the new normal in terms of the amount of containers that you’re going to be seeing here going to this complex,” Executive Director Mario Cordero said in an interview with Taylor Riggs on Bloomberg Television Wednesday. “That 20 million number is not going to get reduced even after the crisis,” he said, referring to the number of 20-foot equivalent units Long Beach and the neighboring port of Los Angeles expect to move this year, which will be the most yet.