Friday, 27 September 2019 13:23

Long Beach seeks to attract more container cargo

581 LA Incentive

 

The Port of Long Beach is instituting an incentive program which seeks to attract more containerized cargo. This announcement comes a year after the Port of Los Angeles launched a similar program. The one-year program will go into effect on Oct. 1. Container carriers will be given a payment of $10 per TEU for additional cargo that moves through the port over and above the cargo they handled the prior year and over and above the general growth in the trans-Pacific trade. The program applies to both loaded import and export containers, but payouts are capped at $2 million per carrier.

 

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