A COVID-induced supply chain spiral led to a logistical conundrum that forced shippers and executive teams to adapt to an ever-changing global environment. As the dust begins to settle, we, at Cowen Research, are taking a closer look at the more long-lasting changes across the supply chain and consumers. A multi-sector angle provides insight into the long-term impact for supply chains and beneficiaries of these shifts.
Port of Long Beach
October cargo volume at the Port of Los Angeles was down 25% from the same month last year; September and August saw similar drops.
Port of Long Beach dockworkers and terminal operators moved 658,428 twenty-foot equivalent units (TEUs) of cargo in October, down 16.6% from the same month last year, citing “reduced consumer demand and a shift of imported goods toward the Gulf and East coasts,” as reasons for the decline.
The Port of Long Beach (POLB) on Nov. 10 released its relocation plan for the proposed Pier B On-Dock Rail Support Facility project, which will reconfigure, expand and enhance the existing rail yard and directly connect to on-dock rail facilities and the Alameda Corridor railway.
Port of Long Beach dockworkers and terminal operators moved 741,823 twenty-foot equivalent units (TEUs) of cargo containers in September, down 0.9% from the same month last year, citing “diminishing consumer demand, full warehouses and inflation concerns” as reasons for the decline.
The California State Transportation Agency (CalSTA) on Oct. 12 issued final guidelines and a call for projects for $1.2 billion in one-time state funding for port and infrastructure projects to “build a more efficient, sustainable and resilient goods movement system.”
Rocky Mountain Industrials, Inc. (RMI) engages JHL Constructors, Inc. (JHL) to begin construction of Rocky Mountain Rail Park’s northern parcel. Also, container dwell fee at the Ports of Los Angeles and Long Beach is put on hold through Oct. 21; and the Port Authority of New York and New Jersey (PANYNJ) reports facility volumes for August 2022.
Master’s Degree students in the University of Denver’s (DU) Transportation and Supply Chain Institute toured short line railroad Pacific Harbor Line (PHL) for an entire week in July to “experience the transportation industry at one of its critical nerve centers.”
The Georgia Ports Authority (GPA) and the Port of Long Beach (POLB) in California report record volumes for July.
HDR appoints Christopher LaTuso Transportation Market Strategy Director. Also, the Port of Long Beach Board of Harbor Commissioners elects Harbor Commission Vice President Sharon L. Weissman Board President; and the Conference of