S&P Global to Buy IHS Markit for $44 Billion in 2020’s Biggest Merger
By Noor Zainab Hussain (Reuters) – Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020’s biggest merger,...
The Port of Los Angeles moved 924,225 Twenty-Foot Equivalent Units (TEUs) in November, the most containerized monthly cargo the Port has processed during its 110-year history, the port said on Friday.
The previous record of 877,564 TEUs was set in November 2016.
Eleven months through 2017, volumes are up 6.3 percent compared to last year’s record-breaking 8.8 million TEUs. With the uptick, the Port of Los Angeles is on track to be the first Western Hemisphere port to exceed 9 million TEUs in a calendar year.
“Four vessels calling in Los Angeles each discharged and loaded more than 23,000 TEUs in November, all close to October’s 24,308 TEU record set last month in Los Angeles,” said Port of Los Angeles Executive Director Gene Seroka. “We’re proud to be partnering with our labor and supply-chain stakeholders to move these record-breaking cargo levels with efficiency, productivity and extraordinary customer service.”
In November, loaded imports increased 6.1 percent to 463,690 TEUs compared to November 2016. Loaded exports increased .3 percent to 177,913 TEUs. Those figures, coupled with a 7.4 percent increase in empty container traffic, delivered overall volumes of 924,225 TEUs, an increase of 5.3 percent compared to last November.
Through November 2017, cargo volumes are 8,563,982 TEUs, an increase of 6.3 percent compared to the same period in 2016.
Join the 63,076 members that receive our newsletter.
Have a news tip? Let us know.