Since Key Points. The time between placing an order and when it is delivered is known as the “delivery lead time” in the supply chain. "The market continues to think through ways to find optionality. It is the second-busiest container seaport in the country and is located in the Californian city of Long Beach on 3,200 acres of land with 25 miles (40 km) of waterfront. Terminal operators in Los Angeles-Long Beach believe they have turned the corner on unprecedented congestion issues that have plagued the port complex for the past two years, but they say cargo flow will not improve significantly in the first half of 2022. May 17, 2022 - Last year, and early into 2022, the Port of Los Angeles emerged as a major bottleneck in the U.S. supply chain. In an effort to relieve the gridlock at Norfolk Southern's main terminal in Memphis, the railway has opened two lots outside of the terminal to handle as many as 2,000 ocean containers. April 21, 2022 - Port of Los Angeles Executive Director Gene Seroka sat down withInternational Association of Ports and Harbors (IAPH)Managing Director Patrick Verhoeven to discuss supply chain challenges, the future of digitization and more on this Maritime and Trade Talk podcast fromIHS Markit. Feb. 23, 2023 -Port of Los Angeles Executive Director Gene Seroka joins 'Squawk Box' to discuss the state of shipping in the Port of Los Angeles, how the lack of warehouse space has caused lower volumes and why cargo is moving away from the West Coast. You can click on the "Sign in" option at the top of this page and then scroll down the login form that opens and click on "sign up" displayed at the bottom. This can significantly hurt their bottom line considering over 50% of their expenditures go into transportation. "The market has accepted this program," Larry said. The Port holds the highest credit ratings of any non-tax-supported seaport in the United States. June 10, 2022 - Live from the Port of Los Angeles, President Biden delivers remarks on inflation and the actions the administration has taken to lower prices and address supply chain challenges. Causing much of the hiccup recently is congestion at the nations rail hub in Chicago that brings a ripple effect to the ports. Feb. 11, 2022 The Port of Los Angeles and the Port of Long Beach announced today that consideration of the Container Dwell Fee will be held off another week, until Feb. 18. Campbells Soup Sales Were Declining. Overall, the Port has handled 7% less cargo in the first 11 months of 2022 compared to last years all-time record. Oct. 28, 2022 - The Los Angeles Board of Harbor Commissioners will convene an in-person board meeting at 9 a.m. Thursday, Nov. 3 at the Port of Los Angeles Administration Building, 425 S. Palos Verdes Street in San Pedro, for the first time since March 2020. Medianews Group/reading Eagle Via Getty Images | Medianews Group | Getty Images, UN urged to help foreign seafarers, ships stranded in Ukraine since start of war, 'Cannot be forgotten': Shipping industry urges UN to help free sailors, vessels trapped in Ukraine for a year. Sept. 13, 2022 - The Port of Los Angeles has announced the release of $5 million in voucher incentives for zero-emission trucks to operate at the Port. You can check real-time cost, price, rates and more with our international freight shipping calculator. March 17, 2022 - The ports of Long Beach and Los Angeles on April 1, 2022 will begin collecting a rate of $10 per twenty-foot equivalent unit on loaded import and export cargo containers hauled by drayage trucks as they enter or leave container terminals. Norfolk Southern finds success with new ideas for supply chain bottlenecks. March 3, 2022 -The Port of Los Angeles will be accepting applications for its 2022 Student Engineer Summer Internship Program from March 27 to April 9 (applications received before or after the application period will not be considered). When ships get held up, it means lower capacity. Jan. 19, 2023 -Ariel Wesler speaks with Port of Los Angeles Executive Director Gene Seroka about his priorities for 2023 on Inside the Issues for Spectrum News 1 SoCal. Ports of Los Angeles and Long Beach continue to struggle with rail and truck productivity. The station will also feature state-of-the-art equipment and facilities to support the firefighters and crew members who operate the vessel. GoComet platforms real-time container tracking. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Nov. 30, 2022 -Executive Director Gene Seroka discusses the latest impacts on West Coast cargo volume including ongoing labor negotiations. The ports of Los Angeles and Long Beach are filled to capacity with ships without the resources to unload and reload all the ships that are waiting. Terminal operators in Los Angeles-Long Beach believe they have turned the corner on unprecedented congestion issues that have plagued the port complex for the We'll never spam you and you can always easily unsubscribe. Nov. 17, 2022 - Buoyed by its continued strong finances and competitive position, the Port of Los Angeles has been upgraded to an AA+ bond rating with stable outlook on its outstanding bonds by S&P Global Ratings, the highest rating given to a seaport without taxing authority. Cargo piling up on terminals was a main cause of the congestion that hit the Ports of Los Angeles and Long Beach, adding then to the congestion of ships waiting in and outside the harbor while space was cleared. What is the depth and source of the data used in the calculation? The record was set on Jan. 9 with 109 ships. Yes! Hundreds of thousands of containers are stuck aboard container ships waiting for a berth or stacked up at terminals waiting to be moved by truck or rail to inland terminals, warehouses and distribution centers. Sept. 28, 2022 - The ports of Los Angeles and Long Beach will give a progress update on the San Pedro Bay Ports Clean Air Action Plan from 10 a.m. to noon on Wednesday, Oct. 12. Rail cars and chassis are in short supply. June 14, 2022 The Port of Los Angeles processed 967,900 Twenty-Foot Equivalent Units (TEUs) in May, the third best overall month in its 115-year history. Many people believe port congestion is going to continue through the summer of 2022. Prolonged port delays can disrupt production cycles, thus causing an impact on the delivery schedules. Jan. 25,2023 - Phillip Palmer speaks with Port of Los Angeles Executive Director Gene Seroka about ways the Portis leading the way toward a zero-emissions futureon ABC7 Solutions. The meeting will include a status update of the ports technology advancement projects, feasibility assessment studies of cargo handling equipment and drayage trucks, and Clean Truck Fund Rate. Oct. 25, 2022 -Port of Los Angeles Executive Director Gene Serokaspeaks with Neil Cavutoon FoxBusiness News' Coast-to-Coast about the state of the supply chain and retail industry. Includes all news stories from the Port of Los Angeles, covering a range of topics, including business, cargo, community, environment, public safety, and LA Waterfront. GoComet Freight Index GoComet freight shipping calculator helps to calculate ocean & sea container shipping rates instantly. 2023-02-28 18:19 HKT The new year saw the ports of Los Angeles July 1, 2022 -California Gov. April 1, 2022 - The Port of Los Angeles has completed construction of the $65 million Everport Terminal Improvement Project located at Berths 226-236 along the Los Angeles Main Channel. March 4, 2022 -The Port of Los Angeles and the Port of Long Beach said today that they have decided to hold off on consideration of the Container Dwell Fee one more week, until March 11. March 11, 2022 - The Port of Los Angeles will hold a virtual public hearing and extend the public comment period for the Berths 148-151 (Phillips 66) Marine Oil Terminal and Wharf Improvement Project Draft Initial Study/Mitigated Negative Declaration (IS/MND). The CNBC Supply Chain Heat Map data providers are artificial intelligence and predictive analytics company Everstream Analytics; global freight booking platform Freightos, creator of the Freightos Baltic Dry Index; logistics provider OL USA; supply chain intelligence platform FreightWaves; supply chain platform Blume Global; third-party logistics provider Orient Star Group; marine analytics firm MarineTraffic; maritime visibility data company Project44; maritime transport data company MDS Transmodal UK;ocean and air freight rate benchmarking and market analytics platformXeneta; leading provider of research and analysis Sea-Intelligence ApS; Crane Worldwide Logistics; and air, DHL Global Forwarding; freight logistics provider Seko Logistics; and Planet,provider of global, daily satellite imagery and geospatial solutions. Meanwhile, the rail delays are not improving on the West Coast. Oct. 5, 2022 -With ongoing demonstrations and programs directed at meeting its clean air goals, learn how the Port of Los Angeles is committed to leading innovations to build a cleaner future for Los Angeles Harbor and beyond. June 7, 2022 -Port of Los Angeles Executive Director Gene Seroka gives CNNs Julia Chatterley an overview of the current state of the supply chain and the challenges ahead on First Move. June 15, 2022 Officials from the Port of Los Angeles and Port Authority of Nagoya, Japan, convened a virtual conference this week to discuss collaboration on various environmental and digital project priorities in line with a Cooperative Agreement the two ports forged in March 2020. We will get in touch with you. Dec. 16, 2022 - The San Pedro Bay ports of Long Beach and Los Angeles will phase out the option to collect a Container Dwell Fee on Jan. 24, 2023. The LA Harbor Habitats website at. Gavin Newsom has signed the states upcoming fiscal year budget, which includes an unprecedented $2.3 billion for port infrastructure improvements and upgrades. Aug. 13, 2022 - Port of Los Angeles Executive Director Gene Serokajoins Dan Ronan for a supply chain update on Transport Topics Radio, as heard on SiriusXM's"Road Dog Trucking," Channel 146. WebLong Beach et Los Angeles, deux des ports amricains les plus frquents, ont rcemment atteint et dpass la pleine capacit des navires de transport. How Repaying Student Loans Is ChangingDramatically, How Chipotle's Stock Price More Than Quadrupled in Five Years, Apples iPhone Passcode Problem: How Thieves Can Take Over in Minutes, Chicago Mayor Lori Lightfoot Loses Re-Election Bid, Says "We Put this City on a Better Path". So the first and foremost thing was this service was accepted by the marketplace.". The application of the Dwell Fee has been postponed-Labor negotiations for Port Terminal Workers. That means moving containers out of the port is taking too long. The Port has set monthly records in five of seven months in 2022. Aug. 3, 2022 - Reporter Nancy Loospoke one-on-one withPort of Los Angeles Executive Director Gene Serokaabout Chinas impact on the supply chain during NewsNation's Rush Hour. China/Hong Kong, South Korea, Japan, Taiwan, Vietnam, Iraq, Australia, Ecuador, and Indonesia are some of the top trading partners. April 1, 2022 - The Port of Los Angeles and Port of Long Beach debuted a new Clean Truck Fund, a major initiative designed to help incentivize the development and deployment of zero-emission (ZE) trucks and infrastructure at the ports. They are also redirecting containers down to the Gulf ports. Long Beach Office. The project allows Everport to improve the container-handling efficiency and capacity of its existing terminal to accommodate the projected fleet mix of larger container vessels anticipated to call at the Everport Container Terminal over the next two decades. Oct. 31, 2022 -Port of Los Angeles Executive Director Gene Seroka gives Bloomberg TVs Alix Steel and Guy Johnson an assessment of the latest supply chain impacts on the heels of an early peak season. Its a frustration that Chief Executive of the port of Los Angeles, Gene Seroka, understands quite well. The current backlog of ships at the Los Angeles-Long Beach port complex will not be unloaded until well into 2022 as even more containers prepare to head toward Dec. 6, 2022 -Port of Los Angeles Executive Director Gene Seroka discusses the state of the labor market, productivity and supply chains in the United States on Bloomberg Markets and Finance. 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