Printer Friendly

OAKLAND TO REMAIN A MAJOR PORT-OF-CALL, HEADQUARTERS LOCATION, SAYS TOP APL EXECUTIVE

 OAKLAND, Calif., June 30 /PRNewswire/ -- American President Lines said it expects the decisions to pursue expanded terminals in Seattle and Los Angeles to result in minimal impact on its existing operations and workers at its Port of Oakland marine terminal. The company today announced plans for a major new terminal at the Port of Los Angeles, which is expected to be available for occupancy in January 1997.
 "We remain committed to serving all three major West Coast markets, and to continuing to be a major ocean carrier serving the Bay Area," said George Hayashi, APL president and chief executive officer. "Northern California is a major U.S. exporting region and a gateway for U.S. military shipments to Asia, as well as a large consumer market for imported goods." He added that the decision on port terminal expansions does not impact employees at the Oakland headquarters or other Bay Area offices of APL's parent company, American President Cos. (APC) (NYSE: APS).
 APC employs approximately 1,000 people in Northern California, and is the largest container shipping line serving the Bay Area in terms of the volumes of cargo handled at its 86-acre Port of Oakland terminal. Its container operations generate hundreds of additional jobs in longshore operations and services related to ocean transportation.
 Hayashi said the decision to expand at the Port of Los Angeles and to establish the new terminal as the company's principal intermodal gateway in California, was primarily driven by the need for the company to address opportunities to improve its existing Southern California operations.
 "The new L.A. terminal would allow us to address the congestion and environmental issues confronting all ocean carriers in Southern California, through an extremely efficient on-dock rail operation and an excellent location," he said. "It would also improve our ability to serve the immense local Southern California market."
 Hayashi said that the Port of Oakland's proposal to serve as a major intermodal gateway for APL was hampered by uncertainty over bay dredging and land availability. "We had compelling reasons to expand in Southern California at this time. But our review of each port's proposals underscored the need for greater certainty about how the Bay Area will maintain adequate channel depths for commercial ships and make attractive land available for long-term expansion of our industry." Now that the company has decided on its principal intermodal gateway terminal sites, its operations team will focus on long-term requirements in Oakland and possible enhancements to its current operation, he said.
 -0- 6/30/93
 /CONTACT: Gil Roeder, media communications of APC, 510-272-7702/
 (APS)


CO: American President Lines; American President Cos. ST: California IN: TRN SU:

SG-TM -- SF007 -- 7274 06/30/93 15:17 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 30, 1993
Words:449
Previous Article:NEW APL CONTAINER TERMINAL IN LOS ANGELES
Next Article:ALFRED L. PEPIN JR. TO MANAGE CHEVRON CORPORATION ACCOUNT
Topics:


Related Articles
APL, PORT OF SEATTLE TO FINALIZE CONTAINER TERMINAL EXPANSION PLANS
APL AND TMM WILL PARTNER IN PACIFIC: AGREEMENT WILL ENHANCE APL'S ASIA-TO-MEXICO SERVICE, TMM'S ASIA-TO-U.S. SERVICE
TMM AND APL WILL PARTNER IN THE PACIFIC
PORT OF SEATTLE, APL LAUNCH NEW CONTAINER TERMINAL
APL Upgrades Asia-Mexico Service as Mexico's Trade Shows Improvement
APL Awarded Safety and Environmental Certification for U.S.-Flag Marine Operations
/C O R R E C T I O N -- APL Limited/(Correction Notice)
APL, Hyundai, MOL Announce New Alliance Plans for 1998; Global Coverage, Dramatic Improvement in Pacific
Port of Salalah, APL plan joint operations.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters