Port of Los Angeles, executive director, Gene Seroka told a State of the Port audience in San Pedro that 2018 "was another year for the record books" with the Port moving 9.5 million TEUs, a 1.2% increase from 2017.
A rendering of the proposed Oakland A’s ballpark at Howard Terminal shows pleasure boats near the navigational channel for container ships and the turning basin adjoining the proposed ball park used to dock ships (Rendering courtesy: BIG).
The Port of Oakland is investing in new infrastructure, including mega ship to shore cranes to load and unload 18,000 teu (20-foot container unit) container ships that it expects will be arriving at California ports within the next 2-5 years.
Digital communications and transactions have vastly increased the speed and convenience of business. But this digitization has also paved the way for whole new types of threats and risks that many companies struggle to contain. In particular, middle market companies that use wire transfers to buy and sell goods directly with overseas customers and suppliers are being targeted by hackers at an alarming rate, and many are incurring serious financial losses.
According to the American Trucking Association, there is a current shortage of about 51,000 drivers, which is impacting U.S. retailers, and it is predicted to get worse in the coming years.
The cold chain for life sciences continues to undergo seismic change. In 2018, we saw an ongoing shift in the approach pharmaceutical manufacturers take to putting life-saving drugs in the hands of clinicians and patients.
In 2019, many ocean carriers will be forced to sit longer at port waiting for trucks to pick up the cargo, which will prompt some to impose emergency intermodal fees or stop door delivery in response.