1
00:00:02,440 --> 00:00:06,760
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

2
00:00:07,240 --> 00:00:09,799
Speaker 2: The first dockworker strike on the US East Coast since

3
00:00:09,880 --> 00:00:13,320
Speaker 2: nineteen seventy seven. It began early today after an eleventh

4
00:00:13,400 --> 00:00:16,400
Speaker 2: hour boost in the employer's wage offer came up short.

5
00:00:16,760 --> 00:00:19,720
Speaker 2: Union members hit the picket lines after midnight, container terminals

6
00:00:19,720 --> 00:00:22,800
Speaker 2: closed in Carol Autoshipment's ground to a halt.

7
00:00:22,920 --> 00:00:27,000
Speaker 3: Yeah. Absolutely. Gin Soroka knows firsthand about contract negotiations involving

8
00:00:27,040 --> 00:00:30,040
Speaker 3: DOC workers. He dealt with prolonged negotiations and delays and

9
00:00:30,160 --> 00:00:33,000
Speaker 3: slowdowns in the movement of goods along the West Coast

10
00:00:33,040 --> 00:00:35,560
Speaker 3: ports that finally resulted in a new contract just about

11
00:00:35,600 --> 00:00:38,640
Speaker 3: a year ago. Gene is the executive director of Port

12
00:00:38,760 --> 00:00:42,080
Speaker 3: of Los Angeles and joins us from La Gene, good

13
00:00:42,080 --> 00:00:43,640
Speaker 3: to have you here on what is turning out to

14
00:00:43,680 --> 00:00:47,559
Speaker 3: be a very very busy day. First up, I am

15
00:00:47,720 --> 00:00:51,040
Speaker 3: curious in terms of I guess I almost want to

16
00:00:51,040 --> 00:00:53,880
Speaker 3: ask you about the Middle East, because it is one

17
00:00:53,880 --> 00:00:56,840
Speaker 3: of those big things when we wrapped up the trading

18
00:00:56,880 --> 00:00:59,040
Speaker 3: year about a year ago that when we talk about

19
00:00:59,320 --> 00:01:04,720
Speaker 3: risks to the world, the investment, environment, geopolitics came up.

20
00:01:04,920 --> 00:01:07,959
Speaker 3: Before we get into the East Coast strike, I would

21
00:01:07,959 --> 00:01:09,639
Speaker 3: love for you to weigh in on what is happening

22
00:01:09,680 --> 00:01:12,320
Speaker 3: in the Middle East and if at all you see

23
00:01:12,319 --> 00:01:17,120
Speaker 3: any impact or concerns about maybe the outlook of your world.

24
00:01:17,480 --> 00:01:20,280
Speaker 1: Good afternoon, Carolyn, tim and You're exactly right. There are

25
00:01:20,319 --> 00:01:25,800
Speaker 1: a lot of geopolitical influences on supply chain decision makers

26
00:01:26,040 --> 00:01:28,399
Speaker 1: and have been for some time. Looking at the Middle

27
00:01:28,440 --> 00:01:31,560
Speaker 1: East today, cargo ships are still re routing around the

28
00:01:31,600 --> 00:01:35,080
Speaker 1: Cape of Good Hope in Africa, avoiding the Red Sea

29
00:01:35,200 --> 00:01:38,639
Speaker 1: with the hoothy Rebels. Suez Canal receipts are down eighty

30
00:01:38,720 --> 00:01:44,240
Speaker 1: to ninety percent, and there's no less than four ongoing conflicts.

31
00:01:44,720 --> 00:01:48,000
Speaker 1: This causes great concern for the certainty of the supply

32
00:01:48,120 --> 00:01:51,280
Speaker 1: chain and how you have to do reroutes and workarounds

33
00:01:51,720 --> 00:01:55,360
Speaker 1: to keep commerce flowing. But our thoughts and minds and

34
00:01:55,400 --> 00:01:57,560
Speaker 1: hearts are with the people on the ground, so I'm

35
00:01:57,600 --> 00:01:58,600
Speaker 1: sure families are safe.

36
00:01:58,760 --> 00:02:02,000
Speaker 3: So layer on top of that, and then the strike

37
00:02:02,000 --> 00:02:05,800
Speaker 3: that we're now seeing on the East coast port obviously

38
00:02:05,840 --> 00:02:09,760
Speaker 3: not ideal for many many different reasons. Are you seeing,

39
00:02:09,800 --> 00:02:13,240
Speaker 3: first of all, increased traffic on the west coast ports

40
00:02:13,280 --> 00:02:16,240
Speaker 3: your port in particular because of what's happening here on

41
00:02:16,320 --> 00:02:16,959
Speaker 3: the East Coast.

42
00:02:17,200 --> 00:02:19,600
Speaker 1: Yes, Carol, we started to see an uptick in cargo

43
00:02:19,760 --> 00:02:22,920
Speaker 1: volume at the beginning of the year. People were a

44
00:02:22,960 --> 00:02:26,400
Speaker 1: little bit concerned, not only about a protracted dock workers negotiation,

45
00:02:26,520 --> 00:02:29,480
Speaker 1: but drought conditions in the Panama Canal in addition to

46
00:02:29,520 --> 00:02:32,640
Speaker 1: those security concerns in the Red Sea. Our cargo volume

47
00:02:32,720 --> 00:02:35,200
Speaker 1: is up seventeen percent year to date, and we've had

48
00:02:35,200 --> 00:02:38,920
Speaker 1: a very long peak season that began in June and

49
00:02:39,000 --> 00:02:42,280
Speaker 1: still continues with some steam here now going into October.

50
00:02:42,600 --> 00:02:46,040
Speaker 1: In fact, our third quarter ending yesterday is our best

51
00:02:46,080 --> 00:02:48,040
Speaker 1: on record in one hundred and sixteen years.

52
00:02:48,240 --> 00:02:50,119
Speaker 2: Do you see that continuing into the fourth quarter, which

53
00:02:50,120 --> 00:02:50,680
Speaker 2: starts today.

54
00:02:51,120 --> 00:02:54,480
Speaker 1: Typically the month of October is met with the Golden

55
00:02:54,520 --> 00:02:57,760
Speaker 1: Week holiday in China formerly called National Day. We've got

56
00:02:57,840 --> 00:03:00,480
Speaker 1: enough cargo still there at the major ports China to

57
00:03:00,520 --> 00:03:03,920
Speaker 1: profile our vessels. Next week October will be strong that

58
00:03:04,040 --> 00:03:07,520
Speaker 1: we might see a tapering off a little bit of

59
00:03:07,560 --> 00:03:10,320
Speaker 1: the cargo volume, and that's seasonal, no more, no less.

60
00:03:10,720 --> 00:03:13,280
Speaker 1: We're only in day one of this dock workers strike

61
00:03:13,360 --> 00:03:16,320
Speaker 1: on the East Coast. No impacts on the ground that

62
00:03:16,400 --> 00:03:18,280
Speaker 1: we see today, but the next forty eight to seventy

63
00:03:18,320 --> 00:03:19,440
Speaker 1: two hours will be crucial.

64
00:03:19,560 --> 00:03:22,959
Speaker 2: How do you expect gene dock workers on the West

65
00:03:23,000 --> 00:03:27,400
Speaker 2: coast in West coast ports to stand in solidarity with

66
00:03:27,440 --> 00:03:29,840
Speaker 2: their counterparts on the East coast. Will they refuse to

67
00:03:29,919 --> 00:03:32,280
Speaker 2: unload freight diverted from East coast ports.

68
00:03:32,960 --> 00:03:35,920
Speaker 1: We have not had any ships that are designated for

69
00:03:36,040 --> 00:03:38,360
Speaker 1: East or Gulf Coast ports make a left hand turn

70
00:03:38,520 --> 00:03:41,680
Speaker 1: and come into Los Angeles. And we're watching that very

71
00:03:41,680 --> 00:03:46,160
Speaker 1: closely because my experience says that that is sacrisanct between

72
00:03:46,520 --> 00:03:51,080
Speaker 1: these two working unions. One will not take advantage of

73
00:03:51,120 --> 00:03:54,840
Speaker 1: another's bargaining position and move ships around. What you have

74
00:03:54,960 --> 00:03:59,200
Speaker 1: seen are cargo owners that try to hedge against occurrences

75
00:03:59,280 --> 00:04:01,360
Speaker 1: like this and maybe put a little bit more of

76
00:04:01,400 --> 00:04:04,480
Speaker 1: their allocation towards West Coast ports, including Los Angeles and

77
00:04:04,560 --> 00:04:07,520
Speaker 1: Long Beach than otherwise would have gone to the East coast.

78
00:04:07,960 --> 00:04:10,880
Speaker 1: We also saw that last year as our negotiations with

79
00:04:10,920 --> 00:04:13,480
Speaker 1: the dock workers here with the ISLWU went a little

80
00:04:13,480 --> 00:04:17,360
Speaker 1: bit longer than some experts expected, and we saw some

81
00:04:17,440 --> 00:04:20,240
Speaker 1: of our discretionary cargo that which goes to the middle

82
00:04:20,240 --> 00:04:22,920
Speaker 1: part of the country move to those eastern ports.

83
00:04:23,080 --> 00:04:25,000
Speaker 3: Yeah, I will point out that estimates from the National

84
00:04:25,040 --> 00:04:28,480
Speaker 3: Association Manufacturers show that the strike jeopardizes two point one

85
00:04:28,520 --> 00:04:31,640
Speaker 3: billion dollars in trade daily and the total economic damage

86
00:04:31,800 --> 00:04:34,520
Speaker 3: could reduce GDP by as much as five billion dollars

87
00:04:34,560 --> 00:04:38,280
Speaker 3: a day. So that's one statistics statistic. I should say

88
00:04:38,279 --> 00:04:42,039
Speaker 3: that we are certainly reporting out Geane. Having said that,

89
00:04:43,000 --> 00:04:44,560
Speaker 3: I think there it's fair to say that there are

90
00:04:44,560 --> 00:04:46,159
Speaker 3: a lot of folks may be listening who have no

91
00:04:46,320 --> 00:04:51,200
Speaker 3: idea what a dock worker makes, what dock worker gets

92
00:04:51,200 --> 00:04:54,320
Speaker 3: in terms of benefits, what a dock worker is probably

93
00:04:54,400 --> 00:04:58,240
Speaker 3: fighting for. What can you tell us about that front?

94
00:04:58,760 --> 00:05:01,840
Speaker 1: These are well paid maid six figure jobs, but it's

95
00:05:01,880 --> 00:05:05,359
Speaker 1: a skill set that's shared by few. The training and

96
00:05:05,520 --> 00:05:10,040
Speaker 1: education that goes into these folks curricula to manage these

97
00:05:10,120 --> 00:05:13,200
Speaker 1: big pieces of industrial equipment to move off all this

98
00:05:13,360 --> 00:05:17,160
Speaker 1: cargo very few and far between, and the American workforce.

99
00:05:17,720 --> 00:05:21,200
Speaker 1: These jobs are good for the middle class. In some cases,

100
00:05:21,240 --> 00:05:25,280
Speaker 1: they're generational. Port Cities like ours here in Los Angeles,

101
00:05:25,279 --> 00:05:28,599
Speaker 1: around the enclaves of San Pedro and Wilmington are built

102
00:05:28,680 --> 00:05:33,120
Speaker 1: around these dock workers and families for generations. The economic

103
00:05:33,200 --> 00:05:37,560
Speaker 1: landscape globally and in our shipping industry has changed dramatically

104
00:05:37,640 --> 00:05:41,440
Speaker 1: since COVID. The last time that this dock workers group,

105
00:05:41,520 --> 00:05:45,040
Speaker 1: the ISLA negotiated it was back in twenty nineteen, before

106
00:05:45,240 --> 00:05:48,719
Speaker 1: all these changes took place. The union is saying they

107
00:05:48,760 --> 00:05:52,200
Speaker 1: need to keep up with the growing economic influence of

108
00:05:52,240 --> 00:05:54,760
Speaker 1: the shipping lines and the profits that they've earned.

109
00:05:55,400 --> 00:05:58,719
Speaker 2: Ginis Carol mentioned you dealt with prolonged negotiations and delays

110
00:05:58,720 --> 00:06:01,279
Speaker 2: and slowdowns and the movements of goods along the West

111
00:06:01,279 --> 00:06:03,640
Speaker 2: Coast ports that finally resulted in a new contract that

112
00:06:03,720 --> 00:06:06,800
Speaker 2: was about a year ago. Given that, what would your

113
00:06:06,839 --> 00:06:11,200
Speaker 2: advice be to your counterparts at East Coast Ports who

114
00:06:11,200 --> 00:06:13,480
Speaker 2: are going through the strike right now?

115
00:06:14,680 --> 00:06:18,839
Speaker 1: A good question, Tim, Just keep everybody moving forward. There's

116
00:06:18,920 --> 00:06:22,480
Speaker 1: a lot that's always said during negotiations. You know, blood

117
00:06:22,480 --> 00:06:25,240
Speaker 1: pressure goes up, folks get a little bit hot under

118
00:06:25,240 --> 00:06:29,039
Speaker 1: the collar. But keep people at the table negotiating on

119
00:06:29,080 --> 00:06:33,120
Speaker 1: these salient points. In this case it's wage, automation or

120
00:06:33,240 --> 00:06:37,159
Speaker 1: robotics and the other work rules that are necessary. If

121
00:06:37,160 --> 00:06:40,279
Speaker 1: we're apart, nothing gets done. If you're at the table,

122
00:06:40,520 --> 00:06:42,919
Speaker 1: we could start chipping away at these issues. And the

123
00:06:43,000 --> 00:06:47,599
Speaker 1: ports are typically seen as the convener, and I know

124
00:06:47,680 --> 00:06:51,160
Speaker 1: that the White House is working diligently across several agencies

125
00:06:51,200 --> 00:06:54,800
Speaker 1: to make sure these talks can continue with shuttle diplomacy

126
00:06:54,880 --> 00:06:59,039
Speaker 1: and just keeping chipping away at these issues. But as

127
00:06:59,080 --> 00:07:03,240
Speaker 1: that natural and the good negotiators that they are, these

128
00:07:03,320 --> 00:07:06,520
Speaker 1: ports can play a pivotal role in getting to a conclusion.

129
00:07:06,720 --> 00:07:11,720
Speaker 3: What's the smart conversation around automation? Are our Bloomberg technology team.

130
00:07:11,760 --> 00:07:14,200
Speaker 3: I was listening to them earlier talk about the subject,

131
00:07:14,240 --> 00:07:16,680
Speaker 3: and you know, you just have the natural progression of

132
00:07:16,720 --> 00:07:19,800
Speaker 3: technology taking over tasks that we all used to do

133
00:07:19,880 --> 00:07:22,120
Speaker 3: by hand or that you needed a human to do it.

134
00:07:22,400 --> 00:07:25,320
Speaker 3: We know that that just continues, especially in the past

135
00:07:25,400 --> 00:07:27,440
Speaker 3: year and a half. We talk so much about generative AI,

136
00:07:27,640 --> 00:07:31,160
Speaker 3: so many different things that are changing our world that

137
00:07:31,520 --> 00:07:35,880
Speaker 3: now have been taken over by technology. So what is

138
00:07:35,920 --> 00:07:39,000
Speaker 3: the smart conversation around that? When you've got businesses that

139
00:07:39,040 --> 00:07:41,679
Speaker 3: are potentially publicly held companies that are thinking about costs

140
00:07:41,680 --> 00:07:47,000
Speaker 3: and automation perhaps saves on that aspect. What's the responsibility

141
00:07:47,000 --> 00:07:51,400
Speaker 3: of companies versus, you know, towards their shareholders versus perhaps

142
00:07:51,440 --> 00:07:52,080
Speaker 3: their workers.

143
00:07:52,600 --> 00:07:56,560
Speaker 1: Great question, Carolyn, It's the most polarizing conversation in our industry.

144
00:07:56,640 --> 00:08:00,640
Speaker 1: But two thoughts. One our belief here and lost angelus

145
00:08:00,680 --> 00:08:04,360
Speaker 1: is that technology is never moving faster than it is today,

146
00:08:04,800 --> 00:08:09,240
Speaker 1: but we cannot leave the worker behind. And secondly, when

147
00:08:09,280 --> 00:08:12,960
Speaker 1: it comes to the automation negotiation between private sector interests

148
00:08:13,400 --> 00:08:17,320
Speaker 1: and unionized labor, there are very few examples. Only five

149
00:08:17,440 --> 00:08:21,600
Speaker 1: percent of the three hundred and sixty ports around the

150
00:08:21,640 --> 00:08:25,360
Speaker 1: world that are observed have some assemblance of automation or

151
00:08:25,480 --> 00:08:29,080
Speaker 1: robotics five percent. We're a little heavier here in southern

152
00:08:29,080 --> 00:08:34,040
Speaker 1: California and honestly have seen mixed results, But there are

153
00:08:34,200 --> 00:08:38,120
Speaker 1: examples where if we could peel back everything else, automation

154
00:08:38,440 --> 00:08:43,280
Speaker 1: can create additional capacity at that marine terminal and port.

155
00:08:43,520 --> 00:08:47,480
Speaker 1: We can also take a workforce and not have to

156
00:08:47,600 --> 00:08:50,160
Speaker 1: just chop it down by eighty percent as we've seen

157
00:08:50,200 --> 00:08:53,120
Speaker 1: in some cases. If we can keep that workforce stable,

158
00:08:53,760 --> 00:08:57,679
Speaker 1: double or even go beyond two x capacity at these

159
00:08:57,720 --> 00:09:01,040
Speaker 1: marine terminals, there may be a four Armila here that

160
00:09:01,240 --> 00:09:04,839
Speaker 1: helps both sides tremendously. Now we'll get into the time

161
00:09:04,920 --> 00:09:07,560
Speaker 1: and duration of return on investment. We'll look at the

162
00:09:07,640 --> 00:09:10,040
Speaker 1: types of skills that are needed, whether it needs to

163
00:09:10,080 --> 00:09:13,560
Speaker 1: be upskilled and reskilled for folks who have been around

164
00:09:13,600 --> 00:09:17,280
Speaker 1: for a while, or getting the technology training in place

165
00:09:17,280 --> 00:09:21,200
Speaker 1: for the next generation of worker. In my experience, it

166
00:09:21,280 --> 00:09:24,200
Speaker 1: doesn't have to be a zero sum game. There's a

167
00:09:24,280 --> 00:09:27,200
Speaker 1: skillful way to do this, and that's where I would

168
00:09:27,200 --> 00:09:28,839
Speaker 1: be right now in these negotiations.

169
00:09:28,880 --> 00:09:31,280
Speaker 3: All right, we are talking at Gin Seroka, executive director

170
00:09:31,320 --> 00:09:33,439
Speaker 3: of the Port of Los Angeles. I'm Carol Master along

171
00:09:33,480 --> 00:09:36,040
Speaker 3: with Tim Stenovek here live on Blueberg Business Week. Do

172
00:09:36,040 --> 00:09:38,720
Speaker 3: you want to mention a headline crossing the Israel Police

173
00:09:38,800 --> 00:09:41,600
Speaker 3: updating the number of dead in that Tel Aviv attack

174
00:09:41,720 --> 00:09:45,360
Speaker 3: to six. So we continue to get some headlines following

175
00:09:45,400 --> 00:09:49,880
Speaker 3: the launch of missiles ballistic missiles by Ron, but there

176
00:09:49,920 --> 00:09:54,920
Speaker 3: was also another direct attack in the area in Tel Aviv,

177
00:09:55,000 --> 00:09:57,400
Speaker 3: so we're starting to get some more details about some

178
00:09:57,520 --> 00:09:58,719
Speaker 3: of the casualties in that.

179
00:09:58,840 --> 00:10:03,000
Speaker 2: And yeah, that shooting, Yeah that was a shooting. Yeah, Gene,

180
00:10:03,080 --> 00:10:05,400
Speaker 2: I want to go back to Gene Soroca joining us

181
00:10:05,440 --> 00:10:09,000
Speaker 2: from a Los Angeles Gene economists are still trying to

182
00:10:09,000 --> 00:10:12,920
Speaker 2: figure out how much damage to a supply chain this

183
00:10:12,960 --> 00:10:15,720
Speaker 2: would do, what the economic cost would be. Estimates range

184
00:10:15,720 --> 00:10:18,160
Speaker 2: from a billion dollars to five billion dollars a day,

185
00:10:18,160 --> 00:10:21,400
Speaker 2: and delayed or lost activity as a result of this strike.

186
00:10:21,440 --> 00:10:25,480
Speaker 2: As a result of these strikes, given your perch, given

187
00:10:25,760 --> 00:10:29,280
Speaker 2: where you are, I'm wondering how long you think this

188
00:10:29,320 --> 00:10:30,040
Speaker 2: strike will go on?

189
00:10:30,559 --> 00:10:34,400
Speaker 1: Yeah, Tim, that's an estimate of the average amount of

190
00:10:34,600 --> 00:10:37,319
Speaker 1: cargo value that goes through these ports on a daily basis.

191
00:10:37,840 --> 00:10:42,720
Speaker 1: Not all of it is perishable in the most clear sense.

192
00:10:43,400 --> 00:10:47,680
Speaker 1: If this strike is very short, couple three days, there's

193
00:10:47,720 --> 00:10:50,520
Speaker 1: the ability to catch up on getting this commerce out

194
00:10:50,559 --> 00:10:53,480
Speaker 1: to the interior of the country, to the consumer bases

195
00:10:53,520 --> 00:10:58,360
Speaker 1: across the Eastern Seaboard very quickly. It's when it becomes

196
00:10:58,400 --> 00:11:01,520
Speaker 1: a lot longer than just these several days that if

197
00:11:01,559 --> 00:11:05,199
Speaker 1: it turns into weeks, we'll have a very different discussion

198
00:11:05,280 --> 00:11:07,800
Speaker 1: right here on this show. The other piece to this

199
00:11:08,040 --> 00:11:13,520
Speaker 1: is that this strike will impact someone somewhere guaranteed. So

200
00:11:13,679 --> 00:11:16,760
Speaker 1: whether it truly is a fruit or vegetable that's coming

201
00:11:16,840 --> 00:11:20,400
Speaker 1: up from Central America, or it's a specific product that

202
00:11:20,480 --> 00:11:23,320
Speaker 1: has to be sold by a particular date that may

203
00:11:23,360 --> 00:11:27,000
Speaker 1: go away forever, and it's the stock out for the retailer.

204
00:11:27,040 --> 00:11:30,240
Speaker 1: It's the order that an individual put in that may

205
00:11:30,240 --> 00:11:33,320
Speaker 1: not make it in time for their consumer. That's what

206
00:11:33,440 --> 00:11:36,040
Speaker 1: goes away as well, but it's just not a flat

207
00:11:36,120 --> 00:11:38,800
Speaker 1: number of five billion dollars a day that will be

208
00:11:38,880 --> 00:11:42,440
Speaker 1: eliminated from the United States economy if we can get

209
00:11:42,480 --> 00:11:45,920
Speaker 1: these sides to reach agreement in a decent amount of time.

210
00:11:46,400 --> 00:11:49,400
Speaker 1: And I would say that putting up pickets across fourteen

211
00:11:49,520 --> 00:11:53,600
Speaker 1: major ports will motivate some more than ever to get

212
00:11:53,640 --> 00:11:54,240
Speaker 1: to the table.

213
00:11:54,400 --> 00:11:56,240
Speaker 3: So I want to just go back to wages, and

214
00:11:56,280 --> 00:11:59,080
Speaker 3: just got thirty seconds here. My understanding is the most

215
00:11:59,160 --> 00:12:03,280
Speaker 3: recent offer from the United States Maritime Alliance was for

216
00:12:03,320 --> 00:12:06,840
Speaker 3: a fifty percent fifty five zero wage increase the workers wanted.

217
00:12:06,880 --> 00:12:09,480
Speaker 3: I think more like sixty eight percent. For forgive me

218
00:12:09,480 --> 00:12:12,199
Speaker 3: if I've got that number wrong. It sounds like a lot,

219
00:12:12,240 --> 00:12:14,480
Speaker 3: and I think if somebody hears that, it sounds like

220
00:12:14,480 --> 00:12:16,640
Speaker 3: a lot. In just thirty seconds, is it that their

221
00:12:16,840 --> 00:12:20,920
Speaker 3: pay was so low or is that a pretty aggressive request?

222
00:12:20,920 --> 00:12:22,000
Speaker 3: And just quickly if you could.

223
00:12:22,480 --> 00:12:24,200
Speaker 1: I think the pay was a little bit low in

224
00:12:24,320 --> 00:12:28,720
Speaker 1: keeping up with the gigantic income level jumps that you've

225
00:12:28,720 --> 00:12:32,160
Speaker 1: seen in the shipping industry. This is an affordable quotient,

226
00:12:32,400 --> 00:12:35,080
Speaker 1: but there are details that have to be resolved.

227
00:12:34,720 --> 00:12:36,720
Speaker 3: All right, so appreciate it all the time. You've given

228
00:12:36,800 --> 00:12:39,240
Speaker 3: us on this Tuesday, Jean Soroka, thank you so much.

229
00:12:39,320 --> 00:12:43,320
Speaker 3: Gene is executive director at the Port of Los Angeles,

230
00:12:43,440 --> 00:12:47,319
Speaker 3: joining us again from the West Coast LA, specifically