The report analyzes the Southern California and national “Trade and Goods Movement” industry, related infrastructure projects, and related issues such as real estate needed for industry growth. The report delves into the specifics of LA County’s top international trading partners, including a forecast for economic activity related to trade. The report also provides analysis of employment related to this key piece of the Los Angeles County regional economy.
June 4, 2015
Southern California’s twin ports posted their third best year on record in 2014, despite port congestion and the West Coast labor dispute that affected commerce from the coast to the Inland Empire and beyond.
June 3, 2015
The world’s biggest container-shipping operators are making an expensive bet by committing billions of dollars in giant vessel orders. So far, that bet is a losing one as freight rates hover around record lows and demand for ocean shipping is weak.
June 2, 2015
The ports handled 39% of U.S. container imports in 2002; that fell to 32% by 2013, according to U.S. census data. They have lost business to competitors at a time when, overall, global trade is booming and imports are rising at all ports, including L.A. and Long Beach. . . The loss in market share represented an estimated 12,300 direct and indirect California jobs in 2013, and more than $112 million in state and local tax revenue, according to Martin's research.
May 22, 2015
Ship traffic has returned to normal following months of congestion and backup during labor negotiations, Port of Los Angeles Executive Director Gene Seroka told harbor commissioners today.