Port of Long Beach named top West Coast Seaport
Honor is bestowed for a third consecutive year by trade industry publication For the third consecutive year, the Port of Long Beach was named the best West Coast Seaport in North America by the shipping trade publication Asia Cargo News. The honor was announced during the 2021 Asian Freight, Logistics, and Supply Chain Awards held on Oct. 21 in Hong Kong. Asia Cargo News hosts and organizes the awards ceremony each year to recognize...
U.S. Rail Traffic for the week ending November 20, 2021
The Association of American Railroads (AAR) has reported U.S. rail traffic for the week ending November 20, 2021. For this week, total U.S. weekly rail traffic was 508,309 carloads and intermodal units, down 4.9 percent compared with the same week last year. Total carloads for the week ending November 20 were 237,244 carloads, up 1.6 percent compared with the same week in 2020, while U.S. weekly intermodal volume was 271,065...
Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
October new business volume up 16 percent Year-over-year, 16 percent month-to-month, and 10 percent Year-to-date The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross-section of the $900 billion equipment finance sector, showed their overall new business volume for October was $10.7 billion, up 16 percent year-over-year...
Port Of Long Beach Commission OKs largest sponsorship award to date
$500,000 will support education, arts, historic preservation The Long Beach Board of Harbor Commissioners this month approved 138 community sponsorships totaling $500,675, the highest amount awarded in a single sponsorship call. The Port has awarded $10.5 million to the community through its sponsorship program since 2007. Events and programs represent a wide cross-section of the city and causes such as the arts, environment, social...
Flux Power donates 723 pounds of food for Thanksgiving Food Drive
Flux Power Holdings, Inc., a developer of advanced lithium-ion battery packs for commercial and industrial equipment, just announced that it has donated 723 pounds of food this year to the North County Food Bank. The Employee Engagement Committee at Flux Power partnered with the North County Food Bank to host the first Thanksgiving food drive. “We are pleased to help support the North County Food Bank,” commented CEO Ron Dutt. “The...
California Ports ‘Container Dwell Fee’ on hold until November 29
San Pedro Bay ports cite continued progress on marine terminals Following meetings today with U.S. Port Envoy John D. Porcari and industry stakeholders, the Port of Long Beach and the Port of Los Angeles announced a further postponement of the “Container Dwell Fee.” With continued progress moving containers off marine terminals, the fee will not be considered before Nov. 29. Since the fee was announced on Oct. 25, the two ports have...
PT/MC Industry supports employers with $250,000 for PT WORK Force® in 2021
As the employment landscape continued to change in 2021, more than ever, employers required resources and tools to seek, retain and support quality employees. For those in the power transmission/motion control (PT/MC) industry, the need is even greater as companies look to build an essential workforce. The PT WORK Force® initiative of the PTDA Foundation exists to develop programs to support the recruitment and retention efforts of...
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