Los Angeles

Los Angeles police recover over $3.9M in stolen cargo

Two men have been arrested on suspicion they were part of a criminal enterprise to steal, move and sell stolen cargo in the Los Angeles area valued at over $3.9 million.

Detectives from the Los Angeles Police Department’s Cargo Theft Unit partnered with the Los Angeles Port Police, Union Pacific Police Department and the Los Angeles World Airport Police to make the arrests, according to a news release Tuesday by the LAPD.

Oscar David Borrero-Manchola, 41, and Yonaiker Rafael Martinez-Ramos, 25,...

https://www.freightwaves.com/news/los-angeles-police-recover-over-3-9m-in-stolen-cargo

Ocean container slump signals trouble for Los Angeles truckload volumes

In a stark reversal of fortune, the bustling Port of Los Angeles, long a reliable source of freight for truckers across the nation, is facing a significant downturn in container volumes. This decline is expected to have far-reaching consequences for the trucking industry, particularly for carriers that have traditionally relied on Southern California for steady business.

Recent data from SONAR’s Container Atlas reveals a troubling trend: Daily ocean container bookings from China to the United...

https://www.freightwaves.com/news/ocean-container-slump-signals-trouble-for-los-angeles-truckload-volumes

The trucking market is still headed in the right direction

The U.S. truckload market ratcheted tighter into the beginning of this week, with closing spreads between contract and spot rates and multiple major trucking markets rejecting more than 7% of outbound shipments. However, there’s still no clear ‘melt-up’ or cascade toward meaningfully higher rates compared to conditions during the holiday retail peak season.

(The Outbound Tender Reject Index measures the percentage of electronically tendered truckload shipments rejected by carriers and serves as...

https://www.freightwaves.com/news/the-trucking-market-is-still-headed-in-the-right-direction

El mercado del transporte por carretera todavía va en la dirección correcta

El mercado de la carga de camiones de EE. UU. Contrató más estricto a principios de esta semana, con diferenciales de cierre entre las tasas de contrato y las spot y múltiples mercados de camiones múltiples que rechazan más del 7% de los envíos salientes. Sin embargo, todavía no hay un claro...

https://fullavantenews.com/el-mercado-del-transporte-por-carretera-todavia-va-en-la-direccion-correcta/?lang=es

Transportation companies mobilize to support LA Fire relief efforts

Wildfires in Los Angeles have left devastation in their paths, displacing thousands of residents, destroying homes and putting immense pressure on first responders. The transportation sector is now stepping up to provide critical aid. 

Warp, a logistics company specializing in middle-mile transportation, told FreightWaves in an email it is leveraging its capacity to support relief efforts. 

The company has partnered with the Los Angeles Fire Department, the Los Angeles Police Department, the Los...

https://www.freightwaves.com/news/transportation-companies-mobilize-to-support-la-fire-relief-efforts

Why the intermodal market is in a ‘long peak’ right now

Intermodal volumes aren’t slowing down. By mid-December, we’re well past the time when goods bound by train would arrive in retail stores in time for Christmas shoppers, yet railroads are still carrying near-record numbers of boxes. Tariff pull-forward, consumer demand and inventory building are all driving higher intermodal volumes, setting the market up for rate increases next year.

Call it a “long peak.”

Total intermodal traffic in North America saw a significant boost last month, increasing...

https://www.freightwaves.com/news/why-the-intermodal-market-is-in-a-long-peak-right-now

Los Angeles Harbor Department Approves $2.6 Billion Budget for FY 2024/25

The Los Angeles Harbor Commission has given the green light to a $2.6 billion budget for the City of Los Angeles Harbor Department for the fiscal year 2024/25. This financial plan supports key priorities of the Port of Los Angeles, including community investment, decarbonization efforts, workforce development, and cargo infrastructure modernization.

Commission President’s Statement

Lucille Roybal-Allard, President of the Los Angeles Harbor Commission, expressed confidence in the budget,...

https://mfame.guru/los-angeles-harbor-department-approves-2-6-billion-budget-for-fy-2024-25/

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