The US Port of Los Angeles has launched a new feature of its cargo volume predictive data tool offering cargo owners, terminal operators, truckers, and other supply chain stakeholders the capability to gauge the movement of containers at the Port up to six months in advance.
eveloped in partnership with Wabtec, the ‘Horizon’ predictive technology uses an algorithm based on historical and trending volume data collected by the Port Optimizer, the cloud-based secure digital portal of maritime shipping data created by the Port in 2017 to facilitate more efficient cargo flow through its terminals.
Continually taking into account changing conditions at the Port, the algorithm constantly updates cargo volumes, allowing the Horizon to improve forecasting over time and issue six-month-ahead volume updates every month. The solution is part of the Port Optimizer Control Tower, launched in February 2021, which seeks to help port stakeholders better predict and plan cargo flows.
We’re proud to break ground with this new forecasting tool, which is the first of its kind. The Horizon predictive technology is yet another service that we can offer Port stakeholders to better plan and allocate resources, especially amid this historic cargo surge,
…said Port of Los Angeles Executive Director Gene Seroka.
Data is a critical resource in moving goods across the supply chain and into the hands of consumers. This is one more step in our journey to connect railroads, chassis providers, truckers, warehouse operators, and others across the supply chain with the insights they need to seamlessly move cargo in and out of ports,
…said Nalin Jain, Wabtec’s President of Digital Electronics.
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North America’s leading seaport by container volume and cargo value, the Port of Los Angeles facilitated $259 billion in trade during 2020. San Pedro Bay port complex operations and commerce facilitate one in nine jobs across the counties of Los Angeles, Orange, Riverside, San Bernardino and Ventura.