The Browns drafted Johnny Manziel, the Indians are in second place, LeBron James has come home to the Cavaliers and the now the Port of Cleveland is on a roll.
The Port of Cleveland reports the Cleveland-Europe Express, the dedicated monthly liner service to Europe that launched in April, had its best month to date in June. This start-up service doubled its revenues in June when compared to either April or May.
“The Port of Cleveland is booming and we are very encouraged by the performance of the new Cleveland-Europe Express service, which is still in its infancy,” said William D. Friedman, Port of Cleveland President and CEO. “The large increase in volume in June bodes well for the remainder of the year as we continue to offer companies and shippers throughout the interior U.S. a faster, more cost-effective and greener shipping alternative to Europe and the world.”
The Port’s traditional maritime and development finance services are also seeing increased demand and are forecasted to have a record year. Vessel calls at the Port of Cleveland are up 75 percent through June, another indicator that the Greater Cleveland economy continues to grow.
Additionally, revenues from the Port’s financing business are forecasted to be at an all-time high. The Port has recently supported critical regional projects, such as The 9, the Flats East Bank Development and the world headquarters of American Greetings, helping to further fuel the momentum in the regional economy.