05/25/2018

News

LAEDC 2015 International Trade Outlook Report

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.  

Research & Studies
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Trade Report Highlights Gains, Challenges Facing Southern California’s Ports

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.

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Costly Bet on Big Cargo Ships Comes Up Short

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.

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LA, Long Beach Ports Losing to Rivals Amid Struggle with Giant Ships

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.

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Cargo Shipping Traffic Returning to “Normal” in Port of Los Angeles

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.

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How the Trucking Industry at the Port is Being Hammered by the Rest of the Supply Chain

Steve Gardner’s yard, where 90 additional containers of frozen foods and California agriculture sit, is an example of what can go wrong with what academics and economists call the goods movement industry. In Southern California, it’s a multimillion dollar industry that employs tens of thousands of workers, and is rife with congestion problems that’s slowing the region’s economy.

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Oakland Port Moves Past Labor Slowdown, but Faces Other Competitive Threats

The labor strife not only slowed shipments through the enormous facility and its network of trains and trucks that transport goods throughout the country, it also created an opening for competitors to show that they could fill the void. As containers sat and goods spoiled during the port slowdown in California in January and February, the ports along the Gulf of Mexico and on the East Coast took advantage by stepping up to handle the cargo with greater efficiency.

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Supersizing the Port of Long Beach

Together with officials from the adjacent Port of Los Angeles, “we will look at every possible way to improve that system,” Slangerup said in an interview last week. “The goal is to cut costs and improve speed. When we are done, it will revolutionize the entire marine supply chain.”

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Most Striking Port Truck Drivers Return to Work

According to the Teamsters, the job action this week delayed the movement of goods for major retailers because most terminals did not accept trucks from the four companies.

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U.S. Ports See Costly Delays as Cargo Ships,Volumes Grow

But the floating behemoths are overwhelming many U.S. ports that weren’t built to handle such supersize ships. Of the 10 busiest U.S. ports by container volume, as calculated by the American Association of Port Authorities, at least seven are grappling regularly with congestion.

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Port Truck Drivers Strike for Second Day

If dockworkers honor those lines, the flow of goods could grind to a halt. However, when dockworkers stopped work during previous trucker strikes, they were quickly ordered back by an arbitrator.

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Port Truckers for Long Beach, Los Angeles Strike Over Charges of Wage Theft

Key issues in the strike include Teamsters’ contention that drivers should be classified as full-fledged employees of trucking firms and the union’s allegation that drivers are not receiving the full amounts of wages they are owed.

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Port Truckers to Vote on Strike that Could Begin Monday

Truck drivers who haul goods from the ports of Long Beach and Los Angeles will vote today whether to launch another strike beginning as early as Monday morning, union officials announced Friday.

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Inland Empire Sees Surge in Warehouse Jobs, But Many are Low-Pay, Temporary

“In the wake of the Great Recession, he said, many companies have relied on staffing agencies to manage regulatory changes in healthcare and workers’ compensation. “”As the government starts telling us how we need to operate, you’re going to see more and more survival techniques,”” Thalmayer said. “”And it may be through agencies like ours.”””

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LA, Long Beach Container Volumes Roar Back

Container volumes at the ports of Los Angeles and Long Beach came roaring back in March, with the largest US port complex reporting a 24 percent increase in container traffic compared to March 2014.

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