The Los Angeles Harbor Commission has approved a lease amendment that finalizes plans for a $52-million infrastructure improvement project to significantly improve the on-dock rail capacity and reduce overall emissions at the Port of Los Angeles Pier 300 terminal operated by Fenix Marine Services.
Assure Assist Inc., a Simi Valley company doing business as MyCarrierPortal, was acquired by Descartes Group in Ontario, Canada, for $24 million.
Velocity EV, initially launched in 2023 as a subsidiary of Velocity Vehicle Group, has officially rebranded as RIZON USA – Authorized U.S. Distributor of the RIZON Brand.
The Port of Los Angeles handled a record-breaking 939,600 Twenty-Foot Equivalent Units (TEUs) in July, a 37% increase over the previous year.
Long Beach Economic Partnership (LBEP) and World Trade Center Long Beach (WTCLB) just sponsored the 12th Annual Global Supply Chain Excellence Summit for its first-ever appearance outside of USC’s campus.
Redondo Beach-based Impulse Space has been selected by SpaceWERX, sponsored by U.S. Space Force (USSF) Space Systems Command’s (SSC) Space Safari Office, for a Strategic Funding Increase (STRATFI) award with the value of $60 million between government funds, matching Small Business Innovation Research (SBIR) funds and private funds.
Cabot Properties acquired Almeria Logistics Center in Fontana for $76.8 million, or $ 325 per square foot, in a deal announced on August 15.
Vance Street Capital LLC, a Los Angeles-based private equity firm, has announced the rebranding of its collective group of general aviation and business aviation brands to Victor Sierra Aviation Holdings LLC (VS Aviation) as well as its latest acquisition of Aviation Products Systems, Inc.
Los Angeles-based GreenPower Motor Company Inc. has announced it will deliver five Type D BEAST all-electric, purpose-built, zero-emission school buses to two school districts in California.
Ontario International Airport (ONT) recorded another record month for passenger volume in July as 14.4% more travelers moved through its terminals compared with the same month last year, officials announced.
