EAST COAST CONTAINER IMPORTS STILL FAR ABOVE PRE-PANDEMIC LEVELS East Coast ports continue to rack up wins versus West Coast rivals. Port announcements in recent days highlight just how much ground the East Coast has gained during the pandemic era. The latest stats also reveal that the sequential month-on-month volume slide from the pandemic peak …
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PORT OF SAVANNAH CARGO VOLUMES HIT RECORD 5.9 MILLION TEUS IN 2022 The Port of Savannah, billed as the fastest growing container terminal in the U.S., handled a record 5.9 million TEUs in 2022 for an increase of 5% over 2021, the Georgia Ports Authority announced Tuesday. The Port of Savannah last year benefitted from …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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