Posted by: changholt | December 27, 2010

L.A., Long Beach port exports returning to pre-recession levels | L.A. NOW | Los Angeles Times

Southern California’s twin ports are on track to post total exports for the year that approach the records set before the global recession, just as the region’s preeminent air freight hub — Los Angeles International Airport — is on pace to set an all-time high for outgoing cargo.

Those are good signs for the local economy, despite a less robust showing in imports, which account for the bulk of cargo traffic through the ports of Los Angeles and Long Beach.

Export-driven sales growth is helping to lead the region’s rebound, experts say; overall, international trade provides work for more than 500,000 people in the Southland.

Nationally, the trade deficit narrowed more than anticipated in October, with exports jumping 3.2% and imports declining 0.5%, the Commerce Department said Friday.

Read the full story here.

via L.A., Long Beach port exports returning to pre-recession levels | L.A. NOW | Los Angeles Times.


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