US GULF PORTS AIM TO SUSTAIN VOLUME GAINS AFTER BANNER 2022 Houston and Mobile are both in the middle of major expansion projects, including dredging to allow bigger ships to call, but those projects will not complete until 2025 at the earliest. CHARLESTON GROWTH DRIVES PRIVATE EQUITY ACQUISITION OF DRAYAGE CARRIER Population and economic growth …
by admin
EAST COAST PORT HOUSTON ANNOUNCES DAILY FEE FOR IMPORT CONTAINERS TO REDUCE LONG-TERM DWELL Port of Houston has decided to implement a Sustained Import Dwell Fee that is expected to go into effect on 1 February. With this new fee, the US port aims to maintain fluidity at the Bayport and Barbours Cut Container Terminals …
by admin
EAST COAST PORT OF NEW YORK AND NEW JERSEY HOLDS LEAD AS BUSIEST U.S. PORT IN NOVEMBER The Port of New and New Jersey ranked as the busiest port in the United States for a fourth month in a row in November. The Port of New York and New Jersey first overtook the Port Los …
by admin
EAST COAST PORT HOUSTON POSTS ANOTHER CONTAINER GAIN IN NOVEMBER If U.S. imports are slowing, Port Houston has yet to get the memo. The U.S. Gulf Coast’s busiest port reported an 11% jump in container volumes in November, bucking a trend of year over-year declines at other major U.S. ports. Port Houston’s Barbours Cut and Bayport container …
by admin
EAST COAST PORT OF SAVANNAH PIVOTS TO CONTAINERS ONLY The Port of Savannah is upgrading to become a container-only facility to meet booming demand after a year-long increase in cargo volumes. The port plans a $410m overhaul of one of its sprawling terminals to make room for loading and unloading larger ships while focusing its …
by admin
CMA CGM TO ACQUIRE TWO KEY TERMINALS AT PORT OF NEW YORK AND NEW JERSEY French shipping group CMA CGM will acquire two key container terminals at the Port of New York and New Jersey. The terminals, GCT Bayonne in New Jersey and GCT New York on Staten Island, are currently held by Global Container …
by admin
RAILROAD STRIKES ARE RARE BUT CRIPPLING TO PORTS AND FREIGHT The prospect of a potentially devastating rail workers strike is looming again. Fears of a strike in September 2022 prompted the Biden administration to pull out all the stops to get a deal between railroads and the largest unions representing their employees. That deal hinged …
by admin
LA-LB, NY-NJ AT OR NEAR NORMAL CARGO FLUIDITY: APM TERMINALS The cargo surge that began with the COVID-19 recovery in mid-2020 forced US ports to develop a new playbook to cope with the unprecedented port and inland supply chain congestion that resulted, according to APM Terminals MOBILE’S BREAKBULK DOCKWORKERS TO STRIKE TUESDAY AFTER TALKS HALTED …
by admin
PORT OF SAVANNAH CONTINUES TO OUTPERFORM RELATIVE TO THE NATIONAL MARKET’ Fall has been fruitful for U.S. ports on the East and Gulf coasts but not as bountiful for at least one West Coast gateway. “Customers continue to bring new or expanding business to the Port of Savannah, drawn by our global connectivity and the …
by admin
EAST COAST: – BNSF STRUGGLES PERSIST FOR INTERNATIONAL LOADS IN CHICAGO Congestion continues at BNSF’s Logistics Park Chicago terminal as chassis shortages have led to prolonged turn times for truckers using LPC or other BNSF spill over lots. GULF COAST IMPORT SHARE GAINS TO OUTLAST ILWU NEGOTIATIONS: PORTS The Gulf Coast ports of Houston and …
by admin