The Port of Los Angeles reached a major milestone by processing 10 million container units of cargo in a 12‑month period.
As cargo ships continue to clutter the horizon at the San Pedro Bay, both ports notched their best first quarter on record.
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The first month of the year brought more of the same to the San Pedro Bay port complex.
The Business Journal looks at key aspects of Los Angeles and Long Beach ports, which play significant roles in the local and national economies.
At the Port of Long Beach, 2020 was a year for the record books.
After numerous missed sailings back in March, Gene Seroka said he “never would have imagined” that the Port of L.A. would move 9.2 million TEUs of cargo in 2020.
CMA CGM Group and American President Lines occupy adjacent spots on the Business Journal’s list of shipping companies that serve the San Pedro Bay port complex.
L.A. County’s economy can expect a modest boost from the election of Joe Biden as president, though some industry sectors are poised to gain more than others.
Businesses in Los Angeles County breathed a sigh of relief last week as ballot measures that would have imposed higher costs or stricter regulations either were rejected outright or appeared headed for defeat.
Workers in the city of Los Angeles and in unincorporated areas of L.A. County got a bigger paycheck last month.
The Long Beach Area Chamber of Commerce named Jeremy Harris as president and CEO, part of leadership changes at the organization.
For the roughly 17,000 truckers who transport goods in and out of the Los Angeles and Long Beach ports, 2020 brings much uncertainty.
The nation’s two busiest ports saw imports plummet in September when a range of Chinese goods were hit with a 15% tariff. Imports dropped 14% in September — the worst decline in more than a year.
Trade with Cambodia, Vietnam surges at ports in wake of tariffs
The Ports of Los Angeles and Long Beach sees trade volumes with Vietnam and Cambodia jump and trade tensions with China continue.