The Los Angeles Harbor Commission on June 12 signed off on the Port of Los Angeles’ $2.7 billion budget for Fiscal Year (FY) 2025/26, which is said to reflect the Port’s “solid financial footing” while anticipating a “cargo slowdown.”
The Port of Los Angeles processed 778,406 Twenty-Foot Equivalent Units (TEUs) in March, a 4.7% increase over the previous year, the Port reported on April 11. The Port ended the first quarter handling 2,504,049 TEUs, 5.2% ahead of last year’s strong pace.
We adjust our models ahead of a first quarter that came with severe weather, pull forward, and growing macro uncertainties that could limit upside over the near term. We broadly lower estimates
More critical minerals will be shipped from the Port of Churchill. Also, the Port of Long Beach advances hydrogen projects and a new rating system is proposed for California port-related emissions.
Last year’s environmental and operational achievements, including rail-related infrastructural projects to boost capacity, plus this year’s goals were highlighted during the recent State of the Port addresses by Port of Los Angeles Executive Director Gene Seroka and Port of Long Beach CEO Mario Cordero in California.
The Port of Los Angeles promotes Artie Mandel to Director of Government Affairs. Also, Grace Baird joins HDR as Overhead Contact Systems Practice Lead; and Norfolk Southern Executive Vice President and Chief Marketing Officer Ed Elkins is named Georgia Chamber’s 2025 Chair.
Chicago Transit Authority (CTA) President announces his retirement from the agency. Also, Sound Transit (Central Puget Sound Regional Transit Authority) names first Chief Strategy Officer; Port of Los Angeles appoints new Chief Financial Officer; infrastructure firm HNTB Corporation hires National Practice Consultant to support its transportation practice; American Public Transportation Association (APTA) names General Counsel; and Railway Association of Canada (RAC) President and CEO is stepping down.
The Port of Los Angeles processed 884,315 Twenty-Foot Equivalent Units (TEUs) in November, a 16% increase over the previous year, the Port reported Dec. 17. Eleven months into 2024, the Port of Los Angeles has moved 9,375,735 TEUs, 19% ahead of its 2023 pace.
ITS Logistics on Dec. 11 reported that U.S. West Coast ports are “still experiencing significant import volumes, which may result from some inventory being pulled forward to avoid possible tariffs and the
The Port of Long Beach (POLB) reaches a cargo record in October, as consumer demand drives trade headed into the holiday season. Also, Georgia Ports Authority (GPA) reports that Savannah container volumes last month were up 10% year-over-year; and the Port of Los Angeles earns employer of the year and innovative project awards from WTS-Los Angeles.
