Port of LA ‘market share’ slippage the focus of commission presentation

  • 📰 ladailynews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Ports of Los Angeles and Long Beach face challenges in costs, technology and competition, Port of LA director reports

Port of LA Executive Director Gene Seroka discussed the shift in cargo market share that has been taking cargo to other ports during a presentation to the Los Angeles harbor commissioners on Thursday, Oct. 19.

Closer to home, he said, in just the Los Angeles-Long Beach port complex, those numbers also saw a 25% decline in market share. The drivers behind the loss of cargo on the West Coast, he said, are several, such as the high cost of doing business in California — including because of environmental regulations — and what is often the “heavy hand” of regulatory agencies.But cargo volume at the ports, Seroka added, is still expected to double by the year 2040, creating a push to use the land and operation more efficiently. Bigger ships will be part of what will be coming over the next decades.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 332. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock-market investors are 'calling the bond market's bluff' as yields jumpInvestors are questioning the idea that the bond market is the smartest money in the room: DataTrek’s Colas
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Record Sales and Off-Market Trades: Why Aspen’s Luxury Market Seems Unstoppable320-322 Coach Road, Aspen. VIDEO: Legendary Production
La source: WSJ - 🏆 98. / 63 Lire la suite »

Three Extremely Important Crypto Market Insights From Binance's Recent Market ResearchQ3, 2023, brought pivotal shifts in crypto landscape marked by regulatory decisions and institutional moves
La source: Utoday_en - 🏆 295. / 63 Lire la suite »