Port of Los Angeles to Get New Container Staging Facility
The Harbor Performance Enhancement Center (HPEC), a unique $130 million-dollar public-private partnership dedicated to facilitating sustainable freight movement and supply chain efficiencies throughout the United States, has completed a strategic transaction with Macquarie Principal Finance, to provide capital for the development of the 5.5 million square foot container staging hub located at Terminal Island in the Port of Los Angeles (POLA). As detailed in a brief video, the public-private project will transform 110 acres that is currently fallow and bring the latest technology and a unique set of operating capabilities to bear on the challenges that currently constrain freight flow through the busiest port in the Western Hemisphere.
Teixeira Appointed VP Marketing, CMA CGM Group
CMA CGM Group is pleased to announce the appointment of Philly TEIXEIRA to the position of Vice President Marketing and Commercial Global Accounts of CMA CGM Group. Sales Manager in Montreal and New York. International Sales Manager, Nancy, France. Cargo Manager, France & North Africa. Managing Director Sales & Marketing, France. Vice President Field Marketing and Sales, Europe. Vice President Sales, Europe, Middle East, India & Africa. Philly TEIXEIRA joined CMA CGM on June 6th 2011 and reports directly to M. Rodolphe SAADE, Executive Officer of CMA CGM Group.
Transport Firms To Gain From U.S.-China WTO Pact
The accord between China and the U.S. on Beijing's entry to the World Trade Organization (WTO) will boost trade and benefit transport companies in both countries, industry officials said. "We believe that China's entry to the WTO will stimulate growth in the volume of trade flowing in and out of China," said Eddy Chan, mid-Pacific region vice-president for Federal Express, which provides air service to three Chinese cities five times a week. "As such, FedEx would be well-positioned to handle any increase in import and export transportation volumes," Chan said. Total U.S. trade with China grew to more than $85 billion in 1998, making China the fourth largest trading partner of the U.S., according to the U.S. Department of Commerce.
