Port of Los Angeles

Port of Long Beach volume down 17.3% in April

The Port of Long Beach said continuing economic fallout from the COVID-19 pandemic resulted in a 17.3% year-over-year volume drop as well as an expectation of more canceled sailings.

The California port said while manufacturing in China is rebounding from the pandemic, U.S. demand remains below normal due to the ongoing crisis and it expected 16 sailings would be blanked between April 1 and June 30.

The port moved 519,730 twenty-foot equivalent units (TEUs) in April, down 17.3% from April 2019,...

https://www.freightwaves.com/news/port-of-long-beach-volume-down-173-in-april

Ports laying groundwork for post-coronavirus business

Ports around the globe will have to change the way they do business in a post-pandemic world.

Port officials already are changing the way they interact. The World Ports Conference was to have taken place in March in Antwerp, Belgium, but the spread of the coronavirus foiled that plan. So on Wednesday, industry thought leaders conducted the first in a series of webinars, this one titled “Business as Usual: Adapting Port Business Models to Survive and Thrive in the Post-COVID-19 Era.”

Port of Los...

https://www.freightwaves.com/news/ports-laying-groundwork-for-post-coronavirus-business

Double-digit percentage declines persist for US rail volumes

A photograph of a line of boxcars, a line of tank cars and a line of intermodal containers, all parked at a rail yard.

U.S. weekly rail traffic fell 22.1% for the week ending May 9, according to the Association of American Railroads (AAR).

U.S. rail volumes totaled 412,549 carloads and intermodal units, falling 22.1% from the same week in 2019 as the COVID-19 pandemic continues to hit consumer demand and manufacturing output.

Of that total, U.S. carloads tumbled 28.4% to 185,144 carloads, while intermodal volumes slipped 16% to 227,405 intermodal containers and trailers.

U.S. carloads (RTOTC.USA) continue to...

https://s29755.pcdn.co/news/double-digit-percentage-declines-persist-for-us-rail-volumes

Port of LA chief: ‘We will need to reinvent ourselves’

The Port of Los Angeles loses approximately $400,000 in revenue with each canceled sailing. With 28 blanked sailings forecast for the remainder of the second quarter through June 30, that’s $11.2 million in revenue the port won’t collect.

“But the story is much greater than that,” said Port of LA Executive Director Gene Seroka of the coronavirus pandemic. “So many folks now are seeing the impacts, whether it be on quarterly earnings announcements, their decisions on personnel, what we see in the...

https://www.freightwaves.com/news/port-of-la-chief-we-will-need-to-reinvent-ourselves

From Assembly Bill 5 to COVID-19

A West Virginia senator got up to speed on a boatload of issues important to California ports and truckers in a video meeting hosted by the Harbor Trucking Association (HTA) this week.

Although she represents West Virginia, Republican Sen. Shelley Moore Capito casts votes that impact West Coast ports and intermodal providers as a member of the U.S. Senate’s Environment and Public Works, Commerce, Science & Transportation, and Appropriations committees.

Port of Los Angeles Executive Director Gene...

https://s29755.pcdn.co/news/from-assembly-bill-5-to-covid-19

FMC asks senate for ports support

The Covid-19 trade downturn is taking an increasing toll on US ports with more calls for aid as container shipping revenue plummets.

The Federal Maritime Commission (FMC) sounded the latest alarm with a letter to the US Senate last week asking for help with the “financial gaps that could jeopardise continued healthy operation of the nation’s domestic marine terminal industry and maritime transportation industry.”

The FMC’s letter said marine terminals face a tough time in renegotiating lease...

https://container-news.com/fmc-asks-senate-for-ports-support/

How canceled sailings will impact US ports – and when

container ship

Container lines have “blanked” (canceled) an unprecedented number of sailings to bring capacity in line with coronavirus-stricken cargo demand.

Blank-sailings data is a key leading indicator for U.S. ports, cargo shippers, truckers and railways. A container ship that doesn’t depart from Asia equates to a container ship that doesn’t arrive on the U.S. West Coast two to three weeks later, or on the East Coast four to five weeks later.

What matters to American businesses is U.S. port arrivals, not...

https://www.freightwaves.com/news/how-canceled-sailings-will-impact-us-ports-and-when

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