West Coast Ports Need More Funds, Los Angeles Chief Says
- Government has out-invested in East Coast: Gene Seroka
- 30% of truck appointments at port going unused every day
Shipping vessels and oil tankers sit anchored in the Pacific Ocean outside the Port of Long Beach and Port of Los Angeles as seen from Signal Hill, California, on April 24, 2020.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
The U.S. federal government needs to invest more in West Coast ports, said the head of the Port of Los Angeles, which is the nation’s biggest gateway to Asia and is grappling with record backlogs.
The government has invested about $11 billion in the eastern Gulf coast compared with roughly $1 billion in the West Coast over the past decade, Gene Seroka said in a Bloomberg Television interview with Ed Ludlow, Alix Steel and Guy Johnson on Monday.