At the Port of Los Angeles “State of the Port” Eugene Seroka, Executive Director, announced that “in 2024, the Port of Los Angeles moved 10.3 million TEUs. That is our second-best year in the 117-year history of the Port of Los Angeles ... and nearly a 20% increase in volume over 2023. In fact, we moved 1.7 million more TEUs than last year, which is the largest incremental gain we’ve ever seen.”
Artificial Intelligence (AI) is more than just a “buzzword” – it is being integrated into many of the tools used by the supply chain and logistics industry today. AI has become such a hot topic and is considered vital to the future of the industry's technologies because it delivers a range of valuable benefits.
The European Union (EU) is preparing a major overhaul of its Customs regulations with freight forwarding, logistics, and Customs service’s body, CLECAT, urging that reform consider “the realities of modern supply chains, which involve multiple parties.”
Port of Long Beach Executive Director Mario Cordero heralded the twentieth anniversary of the Port’s Green Port program which has resulted in major reductions in truck, cargo-handling equipment, and ship emissions that were achieved at the same time as record container volume growth.
The prospect of a significant increase in tariffs on goods imported into the U.S from China could have the effect of boosting air cargo, according to a senior industry executive.
The recently proposed Bi-Partisan Ships for America Act or Ships Act could lead to a major new shipbuilding mobilization in the United States, if Congress moves expeditiously to enact the measure and ensures sufficient funding, according to Charles Papavizas, a maritime attorney with the firm of Winston and Strawn based in Washington, D.C.
Transport infrastructure mega-projects invariably capture the headlines, given their monumental size, scale and cost and more so when they are announced as being ultra-innovative, even revolutionary in design and make full use of emerging and disruptive technologies, such as AI and robotics.
Clearing skies with a chance of showers. Businesses can look forward to a gradually improving operating environment in 2025, thanks to lower interest rates, moderating inflation, and steady if unspectacular growth in the nation’s overall economic activity.
The scenes could have well been from a sci-fi movie, with ant-like robots crawling around or humanoid figures greeting visitors, but these were played out at the AI Summit in New York