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Port Of LA Volumes Are "Off The Charts" zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Ports of Los Angeles, Oakland set April container volume records The ports of Los Angeles and Oakland both had their busiest April ever for container throughput as the US West Coast remained inundated by imports from Asia, the ports said May 13. The Port of Los Angeles was making progress in reducing the queue of ships at anchor in San Pedro Bay, handling 946,966 twenty-foot equivalent units (TEUs) in April, up by 37.2% year on year and its fourth highest ever monthly volume. Total throughput at the Port of Oakland in April increased by 8% year on year to 217,993 TEUs as it attracted more import volumes from Southern California, passing 100,000 TEUs of loaded imports for the first time but generating a ship queue of its own. ....
Shipments and expenditures surged again in April, according to data released by Cass Information Systems (NASDAQ: CASS) on Wednesday. The Cass Freight Index . ....
Share this article By Brendan Murray (Bloomberg) Ship congestion outside the busiest U.S. gateway for trade with Asia persisted over the past week amid a steady flow of imports at some of the highest ocean freight rates on record. A total of 19 container ships were anchored waiting for entry into Los Angeles and Long Beach, California, as of Monday, compared with 22 a week earlier, according to officials who monitor marine traffic in San Pedro Bay. Another 15 container carriers are scheduled to arrive over the next three days, with 11 of those expected to drop anchor and join the queue. The average wait for berth space was 6.6 days, more than a day quicker than the delay in March, according to the L.A. port. ....
Chief Executives Name California as Worst State for Doing Business California is the worst state in the union for doing business again. For the second year running, California ranked dead last in a survey of chief executives regarding the best and worst states to run companies. Even though California is home to the Port of Los Angeles, Silicon Valley, Hollywood, and Napa Valley all best-in-class for the industries with which their regions are synonymous California’s high tax burden, high cost of living, and other factors put the Golden State at the bottom of the list, according to the latest annual ChiefExecutive.net survey. ....