Port of Los Angeles and GE Transportation build on early success of pilot with commerical agreements worth up to $12 million
Less than a year since launching a first-of-its kind digital solution to keep cargo flowing efficiently through America’s largest container port, the Port of Los Angeles and GE Transportation are expanding the program to include all container terminals and shipping lines at the Port, the company announces in its press release.
Because of the pilot’s success, the Port of Los Angeles and GE Transportation have agreed to new commercial agreements worth up to nearly $12 million and extended their relationship for at least five years. The agreements, subject to review by the Los Angeles City Council, will be far reaching, supporting approximately nine million TEUs (20-foot shipping containers), more than 15,000 truck providers and thousands of cargo importers.
Based on the initial pilot results, the Port of Los Angeles anticipates efficiency gains of between eight and 12 percent as the enhanced solution is rolled out across the Port.
To inform the next phase of the collaboration, the Port of Los Angeles and GE Transportation surveyed users involved in the initial pilot. Results were overwhelmingly positive with most respondents agreeing the data in the portal is easy to understand and easy to access.
The survey also uncovered areas for improvement. For example, users said they would like to see more terminals and shipping lines integrated into the solution, which is reflected in the new commercial agreement. Additional areas for progression include improving the level of detail users can access about each shipment, and increasing their access to shipment data across the supply chain.
About the Port of Los Angeles
The Port of Los Angeles, America’s Port® and the premier gateway for international commerce, is located in San Pedro Bay, 25 miles south of downtown Los Angeles. This thriving seaport not only sustains its competitive edge with record-setting cargo operations, but is also known for groundbreaking environmental initiatives, progressive security measures, diverse recreational and educational facilities. The Port of Los Angeles encompasses 7,500 acres of land and water along 43 miles of waterfront. It features 27 passenger and cargo terminals, including automobile, breakbulk, container, dry and liquid bulk, multi-use, and warehouse facilities that handle billions of dollars’ worth of cargo each year.
