Current Events in the World of Industrial Property

As the Panama Canal expansion approaches, the ports of Los Angeles and Long Beach have secured funding to expand their capacity and upgrade their facilities.

Here are some notes from a recent logistics conference taken by WCL Consulting:

• The ports of Los Angeles and Long Beach and the railroads of Union Pacific and BNSF will invest more than $7 billion in containerized cargo movement infrastructure.
• The port of Los Angeles will invest over $3 billion on main channel deepening, terminal improvements, roadway connections and on-dock rail.
• The port of Long Beach will invest $3.5 billion on bridge replacement, on-dock rail expansion, marine terminal expansion and shore power capabilities for ocean container vessels.
• The Union Pacific Railroad will invest in the ICTF Expansion, double track initiative, and the purchasing of green locomotives.
• The BNSF Railway will invest over $1 billion on the new near-dock intermodal rail facility, a downtown LA intermodal facility expansion, mainline upgrades and green locomotives.
• In addition to the above, the Regional Transportation Authoritieswill invest $7 billion on the widening of the 710 & 10 freeways.

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

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