(Reuters) - Port of Los Angeles said cargo operations have resumed following last week's fire after a tractor trailer carrying lithium batteries overturned at the Terminal Island.
"Port of Los Angeles terminals that were closed as a result of the accident are expected to safely resume full operations Saturday (Sept. 28)," the Port of Los Angeles said in a statement on social media platform X.
Roadways including the Vincent Thomas Bridge and Seaside Avenue were open and cargo operations resumed after multiple agencies relocated the trailer to a safe location to burn itself out, the Port said.
Operations at Port of Los Angeles had suffered disruptions due to the fire near Ocean & Navy Way on Terminal Island on Thursday, leading to the closure of APM Terminals, Fenix Marine, Everport, and Yusen Terminals.
Analysis & Impact:
The recent fire incident at the Port of Los Angeles caused disruptions in cargo operations, leading to the closure of several terminals. However, with operations now resuming, there is a positive outlook for the port's activities. Investors should keep an eye on how this event may affect shipping schedules, supply chains, and overall market sentiment. Any delays or disruptions in cargo handling could impact businesses relying on imports and exports through the port. It is essential for investors to stay informed about such incidents and their potential financial implications.
