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 moving through Long Beach and neighboring port of Los Angeles. The two ports together make the biggest gateway for ocean trade in the U.S., handling more than one-third of inbound containers. The bottlenecks at West Coast ports are tying up container capacity and underpinning already-soaring rates for transpacific ocean freight. Despite efforts to ease […]