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Port of LA Executive Director Gene Seroka joins Yahoo Finance Live to discuss the current state of supply chains, negotiations with dock workers, and the outlook for idling vessels.
The Port of Los Angeles is a seaport managed by the Los Angeles Harbor Department, a unit of the City of Los Angeles. It occupies 7,500 acres (3,000 ha) of land and water with 43 miles (69 km) of waterfront and adjoins the separate Port of Long Beach .
In anticipation of the official start of the strike, workers at the Port of Virginia began systematically halting operations after 8:00 a.m. EST, closing the port gates for truck deliveries at noon, issuing orders for ships to leave the port by 1:00 p.m., and ceasing cargo work at 6 p.m. [6]
2012 Port of Los Angeles / Long Beach lockout Date November 27 – December 4, 2012 (1 week) Location Los Angeles and Long Beach, California, United States Caused by Dispute over labor contract negotiations Goals Greater job security for union members against outsourcing Methods Strike action Picketing Resulted in Employers and union agree to new labor contract Parties International Longshore ...
Gene Seroka, Executive Director Port of LA, joins Yahoo Finance Live to discuss West Coast cargo volume, supply chains, labor contract negotiations, and shipping delays.
Currently, the Port is housed within the Los Angeles Harbor Department, a branch of the city’s municipal government, but does not receive any such funding from the city.It is located about 25 ...