It will also lead to cost savings for railway operators, which can be passed on to consumers in the form of lower prices or better service. Justin Ho Jun 10, 2022. I dont think thats something that just gets fixed in the next four to five months in accordance with the Lunar New Year, he said. Since the program was announced on Oct. 25, the two ports have seen a combined decline of 50% in aging cargo on the docks. Many people believe its going to continue through the summer of 2022.. As vessels queue outside ports and turnaround times increase, it could be a real challenge to secure cargo space. "The market has accepted this program," Larry said. Dr. Dykes participated in a media briefing with Port of Los Angeles Executive Director Gene Seroka. Sign up for free newsletters and get more CNBC delivered to your inbox. Feb. 8, 2023 - The Port of Los Angeles is asking local stakeholders to once again provide their input at a Community Workshop on Feb. 23 that will focus on how to better link the larger region, San Pedro and its neighborhoods to the LA Waterfronts many areas and attractions. Heres the latest on whats going on at The Port of Long Beach: The ports of LA and Long Beach have returned to normal operations, due to efforts made by the ports to reduce congestion, along with lowered consumer demand for goods. The meeting will include a status update of the ports technology advancement projects, feasibility assessment studies of cargo handling equipment and drayage trucks, and Clean Truck Fund Rate. What shortages have you encountered in the past year? 2023 CNBC LLC. Feb. 17, 2022 -The Port of Los Angeles processed 865,595 Twenty-Foot Equivalent Units (TEUs) in January, a 3.6% increase compared to last year. Oct. 25, 2022 -Port of Los Angeles Executive Director Gene Serokaspeaks with Neil Cavutoon FoxBusiness News' Coast-to-Coast about the state of the supply chain and retail industry. The port of Los Angeles is located next to the independent Port of Long Beach and encompasses 7,500 acres (3,000 hectares) of land and water with 43 miles (69 km) of waterfront. The Harbor Department of the City of Long Beach, also known as the Port of Long Beach (USLGB, port code: 2704), is a significant entry point for US-Asian commerce. July 25, 2022 -Port of Los Angeles Executive Director Gene Serokajoins "Inside the Issues" hostAlex Cohen live from the Spectrum News 1 SoCalstudio for a wide-ranging discussion on the current state of thesupply chain. Were seeing a turnaround not for the better, Cordero said, and both ports now are looking at this to see if in a couple weeks we will impose a fee. It is not just the impact of having more drivers show up at your terminal to move containers efficiently. 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As of Monday, the Marine Exchange of Southern California reported the container ship backup for the twin ports at 45 ships. July 1, 2022 -California Gov. Using these credentials you can have access to our port congestion database along with other free tools and getreal-time free container tracking tool, smart ocean/vessel schedules andshipping rates market index (GFI) for free! Sept. 22, 2022 - The San Pedro Bay ports of Los Angeles and Long Beach will postpone consideration of the Container Dwell Fee for four weeks, until Oct. 21. The meeting will include a status update of the Clean Truck Fund Rate implementation, status of the ports Technology Advancement Program projects, and looking at 2022 accomplishments and 2023 priorities. https://www.wsj.com/articles/u-s-ports-see-shipping-logjams-likely-extending-far-into-2022-11630843202. Jan. 11, 2023 -Port of Los AngelesExecutive Director Gene Serokadiscussescargo volume,labor talks and economic indicatorswith David Brancaccioon NPR Marketplace. April 8, 2022 - Fitch Ratings has affirmed the Port of Los Angeles' revenue bonds at 'AA'. To monitor the progress of your shipment and avoid Longbeach port congestion use our data-driven platform for Port Congestion USLGB. Live tracking of 200000+ shipments/month from 350+ carriers on our platform, Provides position of Shipment tracked over time, Gocomet's proprietary Machine Learning algorithm tracks delays at each port over time, AI calculates congestion as the difference of actual arrivals on port & planned arrival schedules from carriers, This index helps foresee delays and bring efficiency to your Supply Chain. March 25, 2022 The Port of Long Beach and Port of Los Angeles announced today that consideration of the Container Dwell Fee will be delayed another week, until April 1. March 3, 2022 -The Port of Los Angeles will be accepting applications for its 2022 Student Engineer Summer Internship Program from March 27 to April 9 (applications received before or after the application period will not be considered). This also helps reduce carbon in those markets because fewer trucks are on the road.". What is the depth and source of the data used in the calculation? Feb. 16, 2023 -The Port of Los Angeles processed 726,014 Twenty-Foot Equivalent Units (TEUs) in January, a 16% decrease from the previous Januarys all-time record. WebU.S. Both sides have said they expect the talks for a new contract to go smoothly, though it likely will be, as usual, a lengthy process. Campbells Soup Sales Were Declining. C.H. Terminal operators in Los Angeles-Long Beach believe they have turned the corner on unprecedented congestion issues that have plagued the port complex for the past two years, but they say cargo flow will not improve significantly in the first half of 2022. Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. June 10, 2022 - Bloomberg Washington Correspondent Joe Mathieu interviews Port of Los Angeles Executive Director Gene Serokaas President Biden visits America's busiest port. executive director of the Port of Los Angeles, said the oceanside congestion could worsen as the peak holiday-shipping season continues. May 17, 2022 - Last year, and early into 2022, the Port of Los Angeles emerged as a major bottleneck in the U.S. supply chain. News / US west coast port congestion starts to ease as imports divert to the east. executive director at the Port of Long Beach, Calif., who have spoken with shipping lines and their cargo customers say the slowdown in container volumes that usually coincides with the Lunar New Year in February, when factories in China typically shut down, is unlikely to offer much relief. If you want to stay on top of shipping costs, head over to ship.freightos.com to compare quotes instantly. July 22, 2022 -Port of Los Angeles Executive Director Gene Serokadiscussescontinued supply chain improvements with CNBC's Martin Soong on Squawk Box Asia. Since the program was announced on Oct. 25, the Long Beach and Los Angeles ports have seen a combined decline of 55% in aging cargo on the docks. The containership backup at the ports of Los Angeles and Long Beach stood at 50 as of Thursday, down from a peak of 109 on January 9, 2022, according to the The achievement marks the 23rdconsecutive year the Port of Los Angeles has been ranked the busiest container port in the nation. Nov. 17, 2022 - Buoyed by its continued strong finances and competitive position, the Port of Los Angeles has been upgraded to an AA+ bond rating with stable outlook on its outstanding bonds by S&P Global Ratings, the highest rating given to a seaport without taxing authority. port director at the Port Authority of New York and New Jersey, said the logjams may only break when the Covid-19 pandemic winds down. The meeting will include a status update of the ports feasibility assessment studies of drayage trucks, Clean Truck Fund Rate implementation, ports annual emission inventories, and the Green Shipping Corridor. The current project involves the construction of new tracks and enhancements to a triangular rail junction, which will enable long trains to be turned and staged more efficiently. Feb. 23, 2023 - The Port of Los Angeles has released a Notice of Preparation/Initial Study (NOP/IS) of a Draft Environmental Impact Report for the Berths 148-151 (Phillips 66) Marine Oil Terminal and Wharf Improvement Project, located at the foot of A Street in Wilmington. Beyond 150 NM*, approximately 45 vessels are steaming toward the twin Or, you can follow the Freightos Baltic Index to track rates on a variety of lanes. Approximately $90 million is expected to be collected the first year, moving the San Pedro Bay port complex toward a goal of being serviced by a 100% zero-emission drayage truck fleet by 2035. Feb. 28, 2023 -This presentation, shown atthe Feb. 23 workshop on San Pedros Waterfront Connectivity Plan,gives an overview of the ongoing development along the LA Waterfront and introduces the Connectivity Plan, along with updates on Battleship IOWA, West Harbor and Cabrillo Way Marina.If you were unable attend the workshop and would like to share your comments on waterfront connectivity and transportation, please email [email protected] by March 9. Both ports reported record cargo numbers again in January and February, with L.A. posting record numbers also for March. Last chance for up to $40 off TurboTax, Michael Kors promo code First Order: sign up for KORSVIP + Get 10% off, Wayfair promo code: 10% off any single purchase, Sign up to Stock Advisor for $79 for 1 year, At Marc Benioffs Salesforce, Its One Big FamilyUntil Trouble Hits, As Americans Work From Home, Europeans and Asians Head Back to the Office, Supreme Court Signals Skepticism on Bidens Effort to Forgive Student Debt, Switzerland Becomes Stumbling Block for Western Military Aid to Ukraine, Goldman Considers Shrinking Its Consumer Business, Opinion: War in the Middle East Is Closer Than You Think, Opinion: Why Elite Law and Medical Schools Cant Stand U.S. News, Opinion: The Gaslighting of East Palestine. June 7, 2022 -Port of Los Angeles Executive Director Gene Seroka gives CNNs Julia Chatterley an overview of the current state of the supply chain and the challenges ahead on First Move. How Repaying Student Loans Is ChangingDramatically, How Chipotle's Stock Price More Than Quadrupled in Five Years, Apples iPhone Passcode Problem: How Thieves Can Take Over in Minutes, Chicago Mayor Lori Lightfoot Loses Re-Election Bid, Says "We Put this City on a Better Path". As a covered entity under Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and, upon request, will provide reasonable accommodation to ensure equal access to its programs, services, and activities. April 1, 2022 - The Port of Los Angeles has completed construction of the $65 million Everport Terminal Improvement Project located at Berths 226-236 along the Los Angeles Main Channel. Oct. 28, 2022 - The Los Angeles Board of Harbor Commissioners will convene an in-person board meeting at 9 a.m. Thursday, Nov. 3 at the Port of Los Angeles Administration Building, 425 S. Palos Verdes Street in San Pedro, for the first time since March 2020. Feb. 28, 2022 - The Port of Los Angeles has unveiled new features to its Port Optimizer, the nations first and only port community system that allows shippers, cargo owners, terminal operators and others to better predict and plan cargo at the busiest trade gateway in the U.S. Feb. 25, 2022 -The Port of Los Angeles and the Port of Long Beach said today that they have decided to hold off on consideration of the Container Dwell Fee one more week, until March 4. April 12, 2022 -The Port of Los Angeles processed 958,674 Twenty-Foot Equivalent Units (TEUs) in March, its third consecutive monthly cargo record. Video courtesy of CNBC. Oct. 25, 2022 - Port of Los Angeles Executive Director Gene Seroka discusses ongoing supply chain challenges and shares how America's busiest port has nearly eliminated its backlog with Julia Chatterley on CNN's First Move. In addition to 82 container cranes, 8 container terminals, and 113 miles (182 km) of on-dock rail, the port includes 25 cargo terminals. The Port handled an estimated 806,000 Twenty-Foot Equivalent Units (TEUs) in August, approximately 15% less than the same period a year ago. March 11, 2022 -The Port of Los Angeles and the Port of Long Beach will delay consideration of the Container Dwell Fee for another week, this time until March 18. Terminal operators in Los Angeles-Long Beach believe they have turned the corner on unprecedented congestion issues that have plagued the port complex for the Feb. 18, 2022 -The Port of Los Angeles and the Port of Long Beach announced today that they have put off consideration of the Container Dwell Fee one more week, until Feb. 25. How does GoComets Port Congestion tool help in supply chain visibility? "Weve got to do our level best to recapture what has moved and continue to grow our share.". 2023 Port of Los Angeles, City of Los Angeles. Dec. 1, 2022 Following a perilous landslide that has devastated the island of Ischia off the coast of Italy, Port of Los Angeles officials are voicing support for the hard-hit community that has strong ties to San Pedro and is a sister city of Los Angeles. April 15, 2022 -The Port of Los Angeles and the Port of Long Beach will delay consideration of the Container Dwell Fee for another week, this time until April 22. Less congestion is increasing available shipping capacity, helping to lower rates, and shortening transit times. chief executive of In this same page, scroll above and enter a port name under the option Search your preferred port. The worst port congestion is happening in California at the ports of Long Beach and Los Angeles. In a separate news briefing Tuesday, April 12, Port of L.A. Executive Director Gene Seroka also said the fee may have to be imposed for the first time in light of dwell times now starting to creep up. That means moving containers out of the port is taking too long. June 10, 2022 - The Port of Los Angeles, the US's busiest, is preparing for the early arrival of the 2022 peak season for cargo as retailers stock up on back-to-school and fast-fashion products despite high inventory levels, Executive DirectorGene Serokasaid. Sept. 13, 2022 - The Port of Los Angeles has announced the release of $5 million in voucher incentives for zero-emission trucks to operate at the Port. One logistics provider told clients the wait for a container pickup at a rail yard in Dallas is between 40-50 days. Includes upcoming events hosted by the Port of Los Angeles, LA Waterfront development information, and biweekly Currents e-newsletter. Jan. 31, 2023 The Port of Los Angeles is inviting comments on a draft Request for Proposals (RFP) for the future development of a new Outer Harbor Cruise Terminal and redevelopment of the existing World Cruise Center on the LA Waterfront. Aug. 16, 2022 - The public is invited to comment on a draft 2021 feasibility assessment of cleaner drayage truck technologies needed to help the San Pedro Bay ports of Los Angeles and Long Beach reduce air pollution and reach the ambitious zero-emissions goals adopted in the 2017 Clean Air Action Plan (CAAP) Update. According to research by Texas A&M, 80% of shippers usually overpay for their freight. Ports See Shipping Logjams Likely Extending Far Into 2022 With record volumes of goods reaching the U.S., port executives expect a crush of container imports beyond the Aug. 9, 2022 - Port of Los Angeles Executive Director Gene Serokajoins Brian Cheung and Akiko Fujita for a supply chain and labor negotiations update on Yahoo! The two San Pedro Bay ports have seen a combined decline of 62% in aging cargo on the docks since the program was announced on Oct. 25. May 13, 2022 -The San Pedro Bay ports of Los Angeles and Long Beach will once again delay consideration of the Container Dwell Fee for another week, this time until May 20. It is designed to extinguish fires on boats, oil rigs, and other marine structures, as well as to provide emergency medical assistance to those in need on the water. The project allows Everport to improve the container-handling efficiency and capacity of its existing terminal to accommodate the projected fleet mix of larger container vessels anticipated to call at the Everport Container Terminal over the next two decades. Sept. 15, 2022 - "This is a win for the economy and for the American people, " said President Biden. Taking into account the large volumes of imports and exports, the port congestion in Longbeach is consistent. Forrester Wave <> GoComet: Supply Chain Visibility report is out! Feb. 3, 2022 -In this video, Port of Los Angeles employees discuss the importance of acknowledging Black history, shining a light on its legacy and continued impact on history-in-the-making within the City of Los Angeles. March 17, 2022 -Port of Los Angeles Executive Director Gene Seroka discusses navigating trade with China during lockdowns, cybersecurity, sharing data throughout the supply chain, economic indicators and inflation with Guy Johnson and Gina Martin Adamson Bloomberg TV. Recurring email reports: GoComet can enable automated triggered reports, where spreadsheets containing port congestion reports can be emailed to the client side users as per their preference. Bob Biesterfield, We will get in touch with you. East Coast and Gulf ports have also dramatically improved and are nearly congestion-free. Feb. 9, 2022 -Port of Los Angeles Executive Director Gene Seroka discusses current challenges facing the global supply chain with Guy Johnson and Kailey Leinz for Bloomberg TV. Privacy Policy | Master Services Agreement | Copyright & IP Policy, Port of Long Beach Congestion, Delays & News, Why adding more vessels doesnt solve the capacity crunch, Why loading and unloading are key factors in shipping time, Why getting stuck at the port is so expensive. In November 2021, the level of congestion at the ports of Los Angeles and Long Beach reached record levels. What is the geographic coverage of port congestion data? June 10, 2022 -The San Pedro Bay ports of Los Angeles and Long Beach will once again delay consideration of the Container Dwell Fee for another week, this time until June 17. The focus points of that agreement are collaboration and information sharing on initiatives related to environmental sustainability and operational efficiencies. The port is a major gateway for US-Asian trade and is often congested due to various global supply chain crises. Since the program was announced on Oct. 25, the two ports have seen a combined decline of 49% in aging cargo on the docks. Rising berth times tell real story of LA-LB congestion Peter Tirschwell | Jan 06, 2022 11:35AM EST While longer berth times in Los Angeles-Long Beach reflect, in part, higher call sizes, carrier executives say more than anything else the elevated times are a direct result of the lack of space on the terminal. Additional details can be found here. June 8, 2022 -The Los Angeles Board of Harbor Commissioners has adopted a $1.9 billion budget for Fiscal Year (FY) 2022/23. But now, Cordero said, the trajectory is on an upswing again. Once finished, the station will be located in the inner harbor of the Port of Long Beach, providing easy access to the water for the Fireboat Protector. July 14, 2022 The Port of Los Angeles will offer free harbor boat tours of Los Angeles Harbor on Saturday, July 30. When the boxes do move, they are often snarled at congested freight rail yards and warehouses that are full to capacity. The construction of Fireboat Station 20 is well underway, with workers and engineers dedicated to completing the project on time. Aug.10, 2022 - Senators Dianne Feinstein and Alex Padilla announced that eight local governments, transit agencies and tribes in California will receive more than $119 million in grants from the U.S. Department of Transportation. Rail workers will get better pay, improved working conditions, and peace of mind around their health care costs. The new station will provide a permanent home for the Fireboat Protector, ensuring that it can be deployed quickly and efficiently in the event of an emergency. Aug. 10, 2022 - The U.S. Department of Transportations Federal Highway Administration (FHWA) today awarded a $3 million Advanced Transportation and Congestion Management Technologies Deployment (ATCMTD) grant to the Port of Los Angeles Gateway Project. The time between placing an order and when it is delivered is known as the “delivery lead time” in the supply chain. Sept. 27, 2022 -In this video, Los Angeles Harbor Department employees and Commissioner Lucia Moreno-Linares reflect on the importance of celebrating Hispanic Heritage Month, especially in the City and Port of Los Angeles where hispanic communities have always been intrinsic to their history and success. The grant will help the Port of Los Angeles deploy advanced technologies to improve trucking, drayage and terminal operator activities. Vessel Congestion Update On May 4, 2022, the Southern California Marine Exchange (SCME) reported 89 total ships were in the ports of Los Angeles (LA) and Long Beach (LB). Another innovation Norfolk Southern is using to drive more balance between imports and exports is its Dual Mission rewards program, which incentivizes truckers to drop off and pick up containers in one trip. (Seroka's interview begins at13:08. ', Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved, Sams Club Adding Distribution Centers to Speed Up Online Fulfillment, Target Investing $100 Million to Expand Next-Day Delivery, Wayfair Lost 5 Million Customers and $1.3 Billion Last Year, Final Early Bird Pricing! March 1, 2022 - The Port of Los Angeles has released applicationinformation and detailsabout its FY 2022/23 Community Investment Grant Program. Gene Seroka, Predictive updates on delays and ETAs based on on-ground developments and data analytics can better equip the logistics team with actionable insights. Larry said the idea originated with Hapag Lloyd, which was looking to move West Coast trade more efficiently. Prolonged port delays can disrupt production cycles, thus causing an impact on the delivery schedules. Turning long trains at a triangular junction allows them to be redirected in a different direction without the need for an additional locomotive to be attached to the rear of the train. With ships that carry such a high quantity of goods, sometimes a days delay can mean a loss of half a million dollars. Its a frustration that Chief Executive of the port of Los Angeles, Gene Seroka, understands quite well. April 29, 2022 The San Pedro Bay ports of Los Angeles and Long Beach will once again delay consideration of the Container Dwell Fee for another week, this time until May 6. Dramatically improved and are nearly congestion-free sometimes a days delay can mean a of... Angeles harbor on Saturday, july 30 rail workers will get better pay, improved working,. / US west Coast trade more efficiently with you, head over to ship.freightos.com to compare instantly!, head over to ship.freightos.com to compare quotes instantly newsletters and get more CNBC delivered to your.! And operational efficiencies Longbeach port congestion use our data-driven platform for port congestion data 15 2022... Well underway, with workers and engineers dedicated to completing the project on time congestion tool help in chain. Working conditions, and peace of mind around their health care costs the construction of Fireboat Station 20 is underway. To lower rates, and shortening transit times got to do our level best to recapture has. Peak holiday-shipping season continues according to research by Texas a & amp ; M, 80 of! 2023 port of Los Angeles deploy advanced technologies to improve trucking, drayage and terminal operator activities and biweekly e-newsletter... 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