Subscribe to our free, weekly email newsletter!


Port of Long Beach executive director lauds investment

Steinke noted that Long Beach is planning to spend about $4 billion dollars over the next decade to continue to provide shippers with more reliable service
By Patrick Burnson, Executive Editor
February 02, 2011

Many shipping analysts suggest that U.S. West Coast ports should be back on their heels when it comes to discussing the Panama Canal expansion. At least one leading port authority disagrees.

“This is going to give importers and exporters more options, as bigger ships from Asia will gain access to the East Coast ports,” said Richard D. Steinke, executive director, Port of Long Beach in his “State of the Port” speech last week. But he emphasized that the port’s continued investment in infrastructure will counter that risk.

“Fortunately, we have planned carefully and invested wisely, so in 2010 we were able keep moving ahead with these important improvements,” he said.

Steinke noted that Long Beach is planning to spend about $4 billion dollars over the next decade to continue to provide shippers with more reliable service.

“Our harbor commissioners past and present have been very prudent with port funds, focusing on development to ensure that we would continue to provide jobs for future generations,” he added.

One of our biggest projects is the replacement of the aging Gerald Desmond Bridge. According to Steinke, it is a project of “national significance” because roughly 15 percent of the inbound goods move across the decaying span “on their way to every congressional district in the nation.”

After a decade of preparation, involving myriad individuals and organizations, the approvals and the $950 million dollars in funding were put in place in 2010, giving us the green light to award contracts this year to begin construction.

Today, Steinke will make this same case before an audience convened for “Shifting International Trade Routes Seminar” in Tampa. Staged annually by the Association of Port Authorities’ (AAPA), the forum will examine the impact the Canal expansion will have on all major hemispheric ocean cargo gateways.

Joining others on the panel, “Ocean Carrier, Port and Marine Terminal Perspectives,” Steinke will discuss the current challenges of handling variable import/export trade volumes and marine terminal infrastructure development.

According to Port of Long Beach spokesman, Art Wong, defending the port’s dominant position will not be hard.

“Given the fact that our volumes in both directions have been ramping up, we can safely say that there’s a reason we are still number one,” he said.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

When it comes to the chances of the December 31, 2015 Positive Train Control (PTC) deadline being extended, something which railroads say is badly needed, it appears they need to be prepared to be disappointed. That was the chief takeaway of a statement from Sarah Feinberg, acting administrator of the United States Department of Transportation’s Federal Railroad Administration (FRA).

It’s said that innovation will lead the economy out of its current funk. But how does an organization become a perpetually innovative company? That’s one of the questions Kai Engel and his co-authors at A.T. Kearney set out to answer in their new book Masters Of Innovation.

At $2.843, the average price per gallon was down 1.6 cents, following last week’s 1.1 cent drop and a cumulative 7.1 cent cumulative drop over the last five weeks.

LM Group News Editor Jeff Berman caught up with UPS Freight President Jack Holmes at the National Shippers Strategic Transportation Council’s (NASSTRAC) Annual Conference and Exhibition. Berman and Holmes spoke about various aspects of the less-than-truckload sector (LTL), as well as related freight transportation news and trends.

In the third-party logistics (3PL) sector, the ongoing trend of merger and acquisition (M&A) activity never seems to take a break. That is apparent in recent weeks alone, with XPO Logistics recent acquisition of Norbert Dentressangle for $3.53 billion, Echo Global Logistics scooping up Command Transportation for $420 million, and Kuehne+Nagel buying ReTrans for an undisclosed sum.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA