Subscribe to our free, weekly email newsletter!



Port of Long Beach remains on right track

By Patrick Burnson, Executive Editor
April 14, 2014

To catch a rising economic tide this year, the Port of Long Beach will need to modernize and find new efficiencies to move increasing amounts of cargo at a faster pace, said experts gathered earlier this month for the Port’s 10th annual “Peak Season Forecast” at the Long Beach Convention Center.

More than 500 people attended the event, which brings together panelists from a wide spectrum of industry sectors to offer their perspectives on global shipping trends and how they affect the San Pedro Bay port complex.

The experts generally agreed that while the improving economic outlook offers opportunities, the logistics industry will be forced to look for lower costs due to heated competition and the question marks of rising interest rates, mixed industrial output trends in Asia and the aging population at home in the U.S. The panelists also agreed that there should be more national investment in goods movement infrastructure such as wharfs, bridges, roads and railways.

The fact that seaports must invest in modernization and new efficiencies is actually good news for the Port of Long Beach, which is several years into a decade-long, $4 billion capital improvement program. The port is also active where it can be in trying to find the means to improve efficiencies and productivity at its terminals.

One of the speakers, Long Beach Board of Harbor Commissioners Vice President Rich Dines, said Long Beach is working to remain the premier seaport by expanding on-dock rail capacity, finding creative energy and environmental solutions and collaboratively tackling complicated issues like truck chassis usage and ownership.

“We have to work together with stakeholders – not bring out the big stick of (regulation) – to improve efficiency,” said Dines.

Walter Kemmsies, Ph.D., chief economist for engineering firm Moffat & Nichol, said seaports should upgrade to handle increasingly larger container vessels.

“The Port of Long Beach is big ship ready now and is investing measures to handle even larger ships,” said Kemmsies.

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

The PMI, the ISM’s index to measure growth fell 0.8 percent to 52.7 (a PMI of 50 or greater represents growth). PMI growth has been at 50 or higher for 31 straight months (with the overall economy growing for 74 months), and the current PMI is 1.7 percent below the 12-month average of 54.4.

The current status of FedEx’ planned acquisition of Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion, which was initially announced in April, remains in flux, with continued actions being taken by the European Commission.

Panjiva said that the 1 percent sequential growth was in line with typically flat growth from May to June, as higher monthly growth typically takes hold in July and August in advance of the holiday season.

Hackett officials described this new offering as a short-term index that offers up “the sentiment for trade at a glance,” akin to other key economic metrics like the PMI and Consumer and Carrier confidence indices, while providing access to specifically see where a group of economic indicators are in relation to trade for the current month, too.

While many industry analysts contend that distribution centers near U.S. East Coast ports will see a surge of new business after the Panama Canal expansion, real estate experts say this phenomena is already underway.

Article Topics

Blogs · Container · Logistics · Shipping · All topics

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