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Gene Seroka, Executive Director Port of LA, joins Yahoo Finance Live to discuss West Coast cargo volume, supply chains, labor contract negotiations, and shipping delays.
Port of LA Executive Director Gene Seroka joins Yahoo Finance Live to discuss the current state of supply chains, negotiations with dock workers, and the outlook for idling vessels.
Promoted as "America's Port", the port is located in San Pedro Bay in the San Pedro and Wilmington neighborhoods of Los Angeles, approximately 20 miles (32 km) south of downtown. The port has 25 cargo terminals, 82 container cranes, 8 container terminals, and 113 miles (182 km) of on-dock rail.
The San Diego Unified Port District was created in 1962 after the California State legislature passed Senate Bill 41 and the San Diego County Board of Supervisors certified it. In 1964, voters approved a $10.9 million bond for capital improvements.
Similar battles broke out in San Francisco and Oakland, California, Portland, Oregon, and Seattle, Washington. When the employers made a show of force in order to reopen the port in San Francisco, a pitched battle broke out on the Embarcadero in San Francisco between police and strikers. Two strikers were killed on July 5 by a policeman's ...
Research barges and a 4-acre array of solar panels on the roof of a stretch of warehouses at AltaSea, an ocean research and business center under development at the Port of Los Angeles.
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