Subscribe to RSS feedPierPass becoming financially unviable
THE GROUND-breaking scheme designed to prevent the southern Californian ports of Los Angeles and Long Beach from grinding to a halt under the weight of too much cargo is now struggling as freight volumes languish.
PierPass, introduced in 2005 to encourage more containers to move through the dock gates at night, is now becoming financially unviable, according to senior industry sources.
“If the PierPass model is not [already] broken, it is certainly under stress,” one...
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