California News Online

Business and Entertainment in The Golden State

Chinese Investment Washes Up At Port Of Los Angeles

Asian investment in Los Angeles continues to grow

Asian investment in Los Angeles continues to grow

Melissah Yang, Neon Tommy Annenberg — As cargo volumes increase at the Port of Los Angeles, Chinese shipping firms are investing in nearby logistics companies to secure their global supply chains through the city’s seaports, the United States’ gateway for Asian goods.

Since 1961, family-owned Carmichael International Service helped Asian companies bring their products, from shoes to footrests, into the U.S.

But the game changed as more and more clients went global. The Los Angeles-based customs brokerage firm found itself competing against overseas companies that already had U.S. holdings and didn’t need its services.

Read More

 

Advertisements

Information

This entry was posted on October 28, 2013 by in Port of Los Angeles and tagged , , .

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 2,063 other followers

Twitter Updates

%d bloggers like this: