Drewry’s Hong Kong-Los Angeles Container Rate Benchmark fell to $1,900 this week, the first drop below the $2,000 per-40-foot-container mark since early March 2012.
Demand uncertainty, price volatility and shorter product cycles have focused corporate attention on transportation strategies like never before, according to a senior executive at C.H. Robinson Worldwide.
The Port of Los Angeles will consider a proposal for automatic, annual general rate increases on Thursday. Oakland will act on the plan next week. Long Beach deferred action until 2014.
The Port of Long Beach has released a recirculated draft environmental impact report examining a proposed grain export facility at Pier T on Terminal Island.
Officials at the Port of Stockton, Calif., hope to see barge service start May 16, several years after winning federal funds to build a marine highway connecting it and the Port of Oakland.
The Los Angeles City Council Wednesday approved the final environmental impact report for a near-dock railyard that BNSF Railway said will improve the competitiveness of the Los Angeles-Long Beach port complex while at the same time reducing port-generated diesel emissions in Southern California.
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark fell over 4 percent this week, reflecting a failure to achieve yet another general rate increase.
Total cargo tonnage for San Francisco International Airport fell 13.5 percent year-over-year in March to 28,724 metric tons, despite growth in U.S. mail cargo.