The San Francisco-based freight forwarder, which has now raised a total of $94 million to fund global expansion, said it is constructing a new operating system for global trade that will unite the world in a seamless web of commerce.
Citing the ongoing economic slowdown in China and waning U.S. imports, the World Trade Organization on Tuesday slashed its 2016 global trade forecast to 1.7 percent from a previous projection of 2.7 percent growth this year.
For the port’s 2016 fiscal year, the Paul W. Conley Container Terminal handled 247,329 TEUs, a 12 percent increase from the 2015 fiscal year.
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Mxi Technologies names new CEO,; IAPH (America, North region) appoints new VP; ATA names CFO; Sandler, Travis & Rosenberg hires FDA regulatory consultant; and Morrison & Foerster appoints head of Transportation Group.
The Long Beach Board of Harbor Commissioners is expected to formally name Duane Kenagy as the port’s interim chief executive officer Wednesday, who joined the port in 2014.
The Canadian port said it is looking into creating a breakbulk and bulk import/export terminal on Kaien Island, following the loss of breakbulk and general cargo capacity in 2007 when it converted the Fairview Terminal into a container terminal.