Jacobs to Support Rail Expansion for Major LA-Area Port Facility
Rhea-AI Summary
Jacobs (NYSE: J) has secured a construction management contract for the Port of Long Beach's Pier B On-Dock Rail Support Facility program, part of a $2.2 billion port enhancement initiative. The transformative project will double the rail yard size from 82 to 171 acres and triple on-dock rail capacity to handle 4.7 million twenty-foot shipping containers annually.
Set for completion in 2032, the project aims to improve cargo movement efficiency, reduce environmental impact, and boost regional economic development. The expansion will create over 1,000 local jobs while significantly reducing truck traffic and emissions in surrounding areas.
Positive
- Project will triple the Port's on-dock rail capacity to handle 4.7 million containers annually
- Creation of over 1,000 local jobs through the expansion project
- Significant environmental benefits through reduced truck traffic and lower emissions
- Strategic expansion doubles rail yard size from 82 to 171 acres
Negative
- Extended project timeline with completion set for 2032
- Complex management of ten separate construction contracts
- Substantial capital investment required ($2.2 billion program)
News Market Reaction 1 Alert
On the day this news was published, J gained 0.02%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Doubling rail capacity will position Port of Long Beach for significant productivity and economic development
The Pier B rail program will transform the existing rail yard into a state-of-the-art facility, doubling its size from 82 to 171 acres. The project will more than triple the Port's on-dock rail capacity, enabling it to handle up to 4.7 million twenty-foot shipping containers annually. The expansion is expected to significantly reduce truck traffic, lower emissions and improve air quality in the surrounding areas.
"As one of the busiest ports in
Expected to be complete in 2032, the Pier B On-Dock Rail Support Facility is also set to provide substantial community benefits, including creating more than 1,000 local jobs and contributing to local health and environmental initiatives. By enhancing on-dock rail capacity, the project will help the port further its efforts to reduce the environmental footprint of cargo movement.
Ranked as No. 2 in Program Management by Engineering News-Record, Jacobs delivers today's most complex, challenging infrastructure and recovery projects. Jacobs has supported efforts like the Port of San Francisco Waterfront Resilience Program, which is adapting 7.5 miles of the city's waterfront to be resilient to earthquakes, coastal storms and sea level rise; the award-winning Amrun Chith Export Facility in
"The Pier B On-Dock Rail Support Facility embodies the core values of the Port of Long Beach, allowing more cargo to move through our marine terminals with greater efficiency and less impacts on the community," said Port of Long Beach CEO Mario Cordero. "It is also an enormous undertaking with ten construction contracts to manage. Jacobs has demonstrated its qualifications to help us accommodate this peak workflow, and we're pleased to work with the company to build this new gateway for the nation's container cargo."
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in
For press/media inquiries:
media@jacobs.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/jacobs-to-support-rail-expansion-for-major-la-area-port-facility-302520812.html
SOURCE Jacobs
