The Los Angeles Board of Harbor Commissioners has approved a US$1.5 billion budget for fiscal year (FY) 2020/21. The budget is based on expectations of slower cargo volumes in the near term and a continued slowdown in the worldwide economy, due to market uncertainties related to the Covid-19 pandemic and the lingering impacts from the 2019 trade war.
The approved budget is in line with the port’s 2018-2022 Strategic Plan priorities, with emphasis on long-term investments in the supply chain and...
https://container-news.com/los-angeles-adopts-us1-5-billion-budget/