Orient Overseas International Profits Swell With Long Beach Sale Proceeds

Limited (OTCMKTS:OROVY) said Monday it realized a $1.15 billion profit from the sale of the Long Beach Container Terminal (LBCT).In April, OOIL sold the Port of Long Beach terminal to a consortium of investors led by Macquarie Infrastructure Partners for $1.

Los Angeles, Long Beach Harbor Commissions to Discuss Clean Truck Rate Fund

NBC Los Angeles
The Harbor Commissions of the Ports of Los Angeles and Long Beach will hold a joint meeting Monday to consider a commitment to implementing a "Clean Truck Fund Rate,'' which would charge companies $10 per cargo unit for using trucks that aren't fueled by cleaner energy. The ports' Clean Air Action Plan has established a goal of using 100% zero ...

Truckers, dockworkers suffer as coronavirus chokes L.A., Long Beach ports cargo

Los Angeles Times
Trade with China normally accounts for roughly half of the containerized goods flowing through the twin ports of Los Angeles and Long Beach. Now, with Chinese factories operating at about 40% of capacity, business at the San Pedro Bay complex is dwindling. The two ports project a 15% to 17% plunge in cargo volumes in the first quarter of this ...

Tinley’s Beckett’s™ Ships to 150 Stores and Advances Long Beach Licensing

Digital Journal
one of the West Coast’s two largest liquor store retailers. The Company is also pleased to announce that transformer installation in its Long Beach facility is now complete, which enables the Company to progress through the final stages of its licensing process. BevMo! is one of the two major liquor store retailers on the West Coast USA ...

Ports of Los Angeles and Long Beach Post Declines in Annual Volume

Maritime Executive
The Port of Long Beach announced Wednesday that it moved 7.6 million TEU over the span of 2019, its second-busiest year on record and a six-percent decline from the fast pace it set the year before. In line with expectations about the impact of the U.S.-China trade war, imports fell by eight percent to reach 3.8 million TEU. Exports fell three ...