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Port of LA Invest Billions

Port of LA to Invest Billions in Infrastructure

The Journal of Commerce Online - News Story
Port's strategic plan aims to keep top ranking in U.S. ports

The Port of Los Angeles will invest billions of dollars in transportation infrastructure to maintain its ranking as the largest U.S. container port, according to the 2012-2017 strategic plan released over the weekend.

The port’s container business accounts for more than 80 percent of its revenue. About 50 percent of the containerized shipments are discretionary, which means they are headed to destinations outside of Southern California.

“Protecting and retaining discretionary cargo market share in the face of changing economic conditions and intensifying competition is the key to the future of the port and the region,” the port stated in the 2012-2017 Strategic Plan.


Carriers to Raise Rates Again in April

Carriers to Raise Pacific Rates Again in April

The Journal of Commerce Online - News Story
Trans-Pacific eastbound ship lines say they’ll increase rates $400 per FEU in mid-April and ask for more in new service contracts

Confident that a previously announced general rate increase of $300 per 40-foot container unit will take effect on Thursday as planned, shipping lines in the eastbound Pacific announced an additional $400 per-FEU increase to take effect on April 15.  Details