Current Events in the World of Industrial Property

Ports of Long Beach & Los Angeles Will Not Be Affected By The Panama Canal Widening.

01 Nov 2011 |  Posted by griffin |  0 Comment.
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The ports of Los Angeles & Long Beach are dealing with heightened competition from the Panama Canal expansion (scheduled to be completed in 2014). Here are some facts on why the ports of Los Angeles and Long Beach will remain on top:

  • The ports of Los Angeles and Long Beach are currently operating at 50% capacity. Currently funded infrastructure enhancements will only increase this false assumption.
  • The port of Los Angeles has been the busiest US container port every year since 2000 (16th busiest in the world).
  • If you combined the ports of Los Angeles & Long Beach, you would have the 5th busiest port in the world.
  • Currently the ports of Los Angeles & Long Beach can accommodate the world’s largest container ships (18,000 TEU’s). How big is an 18,000 TEU container ship? Click HERE
  • The ports of LA & LB are located in the world’s largest industrial market (Over 1.8 billion sf).
  • Port authorities are working with the “Beat the Canal” committee, fending off the competition through major infrastructure development projects.
  • LA & LB ports are working to increase on-dock rail capacity by investing in new locomotives and near-dock rail terminals.

*Source: World Class Logistics Consulting Inc. Click HERE to read the entire report.




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