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 - LM Editorial

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

UPS today announced diluted earnings per share of $1.32 for the third quarter 2014, a 13.8% improvement over the prior year period. Operating profit increased 8.3%, resulting from balanced growth across all three segments.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 4.4 percent from August 2013 to August 2014 at $100.6 billion.

As expected, global trade dipped from August to September but still saw annual gains, according to data issued this week by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Transportation and logistics merger and acquisition (M&A) activity in the third quarter saw annual gains, which were driven by smaller deals in the trucking logistics, shipping, and passenger air sectors, according to data issued in the Intersections report by PwC this week.

With the holidays rapidly approaching, it appears retailers are not quite done getting inventory set up and on the shelves in time for what is expected to be a fairly active shopping season. That much was evident based on recent data for September volumes issued by the Port of Los Angeles (POLA) and the Port of Long Beach (POLB).

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers 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. Contact Patrick Burnson

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA