Port of Los Angeles News Updates

Business

Owner of Terminal at Port of Los Angeles Explores Sale

EQT Infrastructure, an arm of alternative-asset manager EQT AB, is exploring a sale of its 90% controlling stake in Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, according to people with knowledge of the matter.

September 9, 2021
Business, Logistics

Supply Chain Challenges Likely to Remain Well Into 2022

As retailers ramp up inventory for a fast-approaching holiday shopping season, experts worry that an already overextended domestic supply chain will be further tested amid overseas ports’ struggles with the COVID-19 delta variant, rising shipping prices and trucking’s persistent and growing driver shortage.

August 19, 2021
Business, Equipment, Logistics

Ports on Both Coasts Report Strong July Numbers

Imported goods continued to flood into the U.S. in July as the nation’s ports produced substantial container volumes.

August 18, 2021
Business, Equipment, Logistics

Pacific, Atlantic Ports Report Strong June Volumes

More than six months into the economic recovery, the nation’s ports on the Pacific and Atlantic coasts continue to see record or near-record cargo loads, and port officials and economists forecast the substantial numbers likely will continue well into 2022.

July 21, 2021
Business

L.A. Port Hits Milestone for Processing Containers

The Port of Los Angeles became the first port in the Western Hemisphere to process 10 million container units in a 12-month period, reaching the milestone on June 10.

July 6, 2021
Business, Logistics

Supply & Demand: How Ports Operate in a Stretched Supply Chain

For the last nine months, ports have seen record container volumes with movement limited and more supplies needed. As a lynchpin of our supply chain, managing a port requires high-functioning information systems to predict and plan for supply and demand as well as communicating with every link in the value chain.

June 29, 2021
Business, Equipment, Logistics

Supply Chain to Remain Backed Up Until 2022, Experts Say

Imported cargo shipments to the U.S. are expected to remain at a record or near-record levels for several more months as consumer spending continues to restart the pandemic-damaged economy. But industry experts say all of that buying is clogging an already overtaxed supply chain.

June 9, 2021
Business

L.A. Ports Are Slowly Chipping Away at Ship Backlog

Ship congestion outside the busiest U.S. gateway for trade with Asia eased over the past week, with the number of container vessels waiting to enter the twin ports of Los Angeles and Long Beach staying below 20 for five straight days.

April 26, 2021
Government, Business, Logistics

Port Slowdown Affects Workers Who Rely on Cargo, Leaders Say

Port leaders are raising caution the decline in business at their facilities could affect those whose employment relies on the flow of goods.

June 4, 2020
Business

Port of L.A. Operating at 80% Because of Coronavirus

Officials at the Port of Los Angeles, the nation’s largest, said the facility is operating at about 80% as factories in China slowly come back online, and the U.S. economy struggles amid the coronavirus pandemic.

March 28, 2020