Ports of LA and Long Beach

How much influence could a $250 million purchases of 500 electric trucks have on establishing the value of used trucks?

Some California truckers who move containers in and out of the marine terminals at the ports of Los Angeles and Long Beach plan to participate in a work stoppage Wednesday to protest a controversial state law, AB5.

Trucking companies dispute the widely reported message that a driver shortage is largely to blame for the port congestion issues in California. In fact, drayage companies are laying off drivers because of port delays.

Available space at the country’s most important warehousing complex drops to unimaginable levels.

“2020 has been exceptional, with stellar performance in the industry,” says Hapag-Lloyd CFO Mark Frese.