The parties have agreed to new commercial deals worth up to nearly USD 12 million and extended their relationship for at least five years. The move comes less than a year after the solution was first launched.
The agreements, subject to review by the Los Angeles City Council, will be far reaching, supporting around nine million TEUs, more than 15,000 truck providers and thousands of cargo importers.
“With our container volumes at record highs, the GE digital shipping solution is critical to our future success,”Gene Seroka, executive director of the Port of Los Angeles, said.
“The GE portal is an investment in the long-term growth of the Port of Los Angeles and tells our stakeholders and customers that we take seriously our responsibility to find new ways to drive efficiencies and optimization.”
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.
“The initial results of the pilot are resonating with partners and providing an opportunity for us to collaborate on expanding the work. It’s a major step toward exploring how a system like this could be developed and implemented for other ports in the US and abroad,”Jamie Miller, president and CEO at GE Transportation, said.
Source: World Maritime News