Port of Oakland

The Port of Los Angeles has reported that July 2024 was its busiest month in more than two years and the best July in the Port’s 116-year history. (Port of Los Angeles Photograph)

Intermodal Briefs: Port of LA, USDOT

An early peak season helps boost July volumes at the Port of Los Angeles, Calif. Also, the Port of Oakland, Calif., and the Northwest Seaport Alliance in Washington State join the U.S. Department of Transportation’s (USDOT) Freight Logistics Optimization Works (FLOW) initiative.

Aerial view of the San Pedro Bay Port Complex in California. (Photograph Courtesy of Port of Los Angeles)

Port of Los Angeles Adopts $2B FY23/24 Budget

The Los Angeles Board of Harbor Commissioners on June 7 approved a $2 billion Fiscal Year (FY) 2023/24 annual budget for the Port of Los Angeles, calling for “increased investment in Port operational and public-access infrastructure, as well as support for a range of industry leading sustainability and decarbonization initiatives.”

The CMA CGM Group has signed a binding agreement to acquire the GCT Bayonne and New York terminals, currently held by Global Container Terminals Inc., at the Port of New York and New Jersey. (Photograph Courtesy of CMA CGM Group via Twitter)

Intermodal Briefs: CMA CGM Group, Port of Oakland

Global shipping and logistics firm CMA CGM Group will acquire the GCT Bayonne and New York terminals at the Port of New York and New Jersey. Also, the Port of Oakland, Calif., reports November container volume declines.