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The ports of Long Beach and Los Angeles together account for approximately 40% of the shipping containers entering the United States. [7] More than three-quarters of the containers leaving Los Angeles were empty in July 2021 whereas about two-thirds of the containers leaving U.S. ports are typically filled with exports.
The Port of Long Beach, administered as the Harbor Department of the City of Long Beach, is a container port in the United States, which adjoins Port of Los Angeles. [3] Acting as a major gateway for US–Asian trade, the port occupies 3,200 acres (13 km 2 ) of land with 25 miles (40 km) of waterfront in the city of Long Beach, California .
Shipping group CMA CGM has agreed to acquire the Fenix Marine Services (FMS) container terminal at the port of Los Angeles in a deal worth around $2 billion that will extend its presence in a ...
With U.S. government support, breakwater construction began in 1899, and the area was annexed to Los Angeles in 1909. The Los Angeles Board of Harbor Commissioners was founded in 1907. In 1912 the Southern Pacific Railroad completed its first major wharf at the port. During the 1920s, the port surpassed San Francisco as the West Coast's busiest ...
A report for the dual ports of Los Angeles and Long Beach last month backed implementing a Clean Truck Fee (CTF) at a modest level, calling it "the most prudent course of action" to bring new ...
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International Transportation Service (ITS) is an American container terminal company that deals with the receipt and shipment of containerized cargo in domestic and foreign trade. [1] It also focuses on marine cargo handling, vessel stevedoring, on-dock rail, and staffing services. [2] ITS was founded and owned by K Line until 2020. [3]
Shipping stocks have been on the rise as tensions in the Red Sea have reduced container availability — and have sent freight costs higher. For example: Maersk (MAERSK-A.CO, MAERSK-B.CO) shares ...