Gustavo Rodriguez’s Post

With the shipping channel clogged with debris, the people and businesses who depend on the port for their living are in limbo. The docks will soon be clear of cargo, and no more will be arriving anytime soon. Logistics and freight companies as well as retail businesses are bracing for a lengthy interruption in port operations that could exact a steep financial toll. “We believe it’s going to be six months. That’s what we’re telling our shippers,” said Rich Kane, 54, who owns trucking, warehousing and freight brokerage businesses that serve the port under the Kane Group. Even if it does not take that long, clearing the stricken vessel and ruined bridge will not be quick or easy. This temporary cargo halt could become one of the greatest blows to Baltimore’s maritime prosperity since the city emerged as a commercial gateway with the tobacco trade in the 1600s. #cre #logistics #warehousing #port https://lnkd.in/e2dCkb2g

𝐆𝐞𝐧𝐞 𝐒𝐞𝐫𝐨𝐤𝐚, Executive Director, Port of Los Angeles says: "Market confidence in our gateway is as strong as it’s ever been. We’ve got the world’s best longshore workforce eager to work with a long-term contract in place. And our current operational data indicates that cargo is flowing efficiently, with additional capacity available." “Our top-notch customer service and ongoing efforts to attract business back to the West Coast are paying off,” says 𝐌𝐚𝐫𝐢𝐨 𝐂𝐨𝐫𝐝𝐞𝐫𝐨, CEO, Port of Long Beach. “We continue to invest in infrastructure projects that will keep us competitive and sustainable for decades to come.” #PortofLosAngeles #PortofLongBeach #LAPort #LBPort #SupplyChain #Logistics #CargoHandling #EconomicIndicators #shipping

With a major shake-up of the Alliance structure just around the corner, the push for liners to ensure sufficient ocean capacity in the new year is helping prop up containership charter and second-hand markets once more. In its latest quarterly Containership Review and Outlook, Howe Robinson notes that, invigorated by the scramble for vessels (in a market long since short on options for those needing ships), rates and asset values are remaining stubbornly resilient, maintaining and even building upon their elevated position across the third quarter. The chronic shortage of ships for hire (a factor predating the ongoing disruptions in the Red Sea) has also helped keep longer periods achievable across most sizes, depleting tonnage lists further and forcing operators to move now to secure ships off positions well into next year, for fear of losing capacity. This in turn has kept second hand markets busy with plenty of interest from both Liners and owners on the lookout for modern and even older assets, underpinning values across the age spectrum, and keeping recycling markets starved of candidates. Howe Robinson publishes regular updates on containership charter markets. To learn more and discuss our services and publications, please contact us: [email protected]. #containers #containerships #supplychain #chartermarket #globaltrade #elevation 

Are you thinking of structuring a #1031 exchange? ⏳ Timing is one of the key factors in this process and that is why hiring a team of specialists in this space is key to a successfuly outcome. 🤝 I was able to secure multiple assets that fit the objectives our client had in mind. However, pre-contract due diligence resulted in dropping two seemingly attractive properties and closing the third option. 🔍 ❌ ❌ ✔ #HarborFreight is a great brand with a long standning profitable model. The #realestate is fundamentally sound: university market, huge lot, below comparable rents, along with an attractive per square foot basis. 🏗 There is a ton of inventory out there, let's connect to discuss what asset mix helps achieve your goals! Dan Yozwiak The Patel Yozwiak Group #marcusmillichap #cre #retail

🚚🧠 Trucking Trivia Tuesday! 🧠🚚 Did you know that the Port of New York and New Jersey isn't just a crucial gateway for global trade, but also a massive engine driving the local economy? 🌍🚛 This colossal port complex is responsible for supporting an astonishing 400,000 jobs throughout the region! To put that into perspective, that's as if every single person in Miami decided to lend their talents to keep this port humming. From dockworkers and truckers to logistics managers and beyond, this port is a bustling metropolis of trade all on its own. 🏗️🚚 And it's not just about jobs; the port handles goods worth over $200 billion annually, making it a key player in the global supply chain. Next time you receive a package, there's a good chance it's journey included a stop at this port – the lifeline of commerce and a testament to the hardworking spirit of the NJ/NY area. 🛳️✨" #TruckingTriviaTuesday #IntermodalTransport #LogisticsLife #TruckingIndustry #SupplyChain #DidYouKnow #ShippingFacts

I beg to differ respectfully with Scott Cowan, although I get his point. If the Ports America-CSX arrangement yields results, plus anything from Norfolk Southern with their yard in Baltimore proper, then you very likely have loads in Norfolk being railed to Baltimore, where the dray community will still be needed. Seagirt itself is fine, the property is available, so if you can send CSX trains with containers from Norfolk or to a lesser degree NY/NJ, then there is very little difference for the trucker -- the cargo is getting to Seagirt for pickup, just via a train from another port rather than a ship-to-shore crane working a vessel. To the trucker, it's all the same whether the box came into Seagirt on a vessel or a train. That's why the railroads can play a major role in setting up a land bridge for now.

The state of Delaware is partnering with Enstructure, the private operator of the Port of Wilmington, to build a new port terminal at a site in Edgemoor, DE, at an industrial site acquired in 2017 by the taxpayer-owned Diamond State Port Corp. Expected to cost $635 million, the new port will be largest shipping #terminal in Delaware joining the Port of Wilmington, which opened in 1923. Expected to take three years to complete, the new state-of-the-art #port will keep Delaware’s #maritime industry strong and improve the state’s competitiveness by quadrupling the port’s capacity for container cargo. This will allow new and larger ships to be serviced. Once operational around 2027, Port Delaware, consisting of both the existing and new terminals, is expected to generate approximately 11,480 jobs and $76.2 million in tax revenues for the state, making it one of Delaware’s largest employment centers.

Port of Los Angeles Finishes First Quarter Up 30% Over Previous Year The Port of Los Angeles handled 743,417 container units in March, a 19% increase over the previous year. It was the eighth consecutive month of year-over-year growth at the nation’s busiest port.   For the first quarter ending March 31, local dockworkers moved 2,380,503 Twenty-Foot Equivalent Units (TEUs) across Los Angeles marine terminals––nearly 30% more than 2023. It was among the Port’s best first quarter starts, behind only the pandemic import surge in 2021 and 2022. The Port processed 219,158 empty containers, up 7% over 2023. https://lnkd.in/gjqRm866

Port of Los Angeles Finishes First Quarter Up 30% Over Previous Year The Port of Los Angeles handled 743,417 container units in March, a 19% increase over the previous year. It was the eighth consecutive month of year-over-year growth at the nation’s busiest port.   For the first quarter ending March 31, local dockworkers moved 2,380,503 Twenty-Foot Equivalent Units (TEUs) across Los Angeles marine terminals––nearly 30% more than 2023. It was among the Port’s best first quarter starts, behind only the pandemic import surge in 2021 and 2022. The Port processed 219,158 empty containers, up 7% over 2023. https://lnkd.in/gjqRm866

Port of Los Angeles finishes first quarter up over previous year The Port of Los Angeles handled 743,417 container units in March, a 19% increase over the previous year. It was the eighth consecutive month of year-over-year growth at the nation’s busiest port. For the first quarter ending March 31, local dockworkers moved 2,380,503 Twenty-Foot Equivalent Units (TEUs) across Los Angeles marine terminals––nearly 30% more than 2023. It was among the Port’s best first quarter starts, behind only the pandemic import... Read more on the link below https://lnkd.in/gU9Kwy4H