Port of Los Angeles issued the “By the Numbers: Jeopardizing the National Benefits of Trade through America’s Busiest Port Complex” report, highlighting that tariffs have a negative impact on jobs, income and tax revenue.
Tariffs are taking their toll at the Port of Los Angeles, United States’ busiest container port, with container counts and vessel calls dropping sharply in October and exports of american goods being in decline for 12 consecutive months. On Thursday, November 7, The Port of Los Angeles announced that it moved 770,189 Twenty-Foot Equivalent Units (TEUs) in October, a 19.1% to 392,768 TEUs decrease compared to 2018’s record-breaking October. Total volumes have increased 1.8% compared to last year, which was the busiest year ever at America’s top port.
The Port of Los Angeles managed less containers of imported goods in September, following the ongoing trade war between the US and China, as the US sanctions affected the port given that it is the busiest one for ocean trade with China, as Reuters reports.
The Port of Los Angeles announced a development opportunity for an Outer Harbor Cruise Terminal at Berths 46 and 50, as well as plans to launch a Request for Proposal (RFP) later this fall. The proposal targets cruise lines, terminal operators, and real estate developers, who want to create a new cruise terminal.
The Port of Los Angeles announced a new cargo record for the fifth consecutive month in August, moving 861,081 TEUs and recording the busiest August in its 112-year history. On this occasion, the head of the Port called for an end to US-China trade war for global trade stability to be restored.
As CNBC informs cargo is piling up in the Port of Los Angeles, as retailers have been front-loading products in light of the approaching tariffs. Following President Trump’s announcement on new tariffs of 10% on the remaining 300 billion Dollars of goods and products coming from China, the port saw an unprecedented increase of incoming cargo.
Proceeding with its plans to establish a first-of-its-kind Cyber Resilience Center, the Port of Los Angeles launched a Request for Proposal seeking companies or firms interested in designing, installing, operating and maintaining the planned Center.
The Port of Los Angeles is moving ahead with an automation project for Pier 400, the port’s largest terminal, after the International Longshore and Warehouse Union (ILWU) and APM Terminals agreed to set up a workforce training program to prepare workers for the jobs of the future.
The US Port of Los Angeles announced that June 2019 was the busiest June in the Port’s 112-year history, moving 764,777 TEUs. Six months into 2019, overall volumes have increased 5.3% compared to 2018, when the Port set an all-time cargo record.
APM Terminals has in its plans to add electric automated straddle carriers to its Pier 400 facility in the Port of Los Angeles. This move has raised protests by longshore union leaders, who asked the city’s council to intervene, as they believe that longshoremen will lose hundreds of shifts per day, because of the new technology.
