Ocean carrier HMM announced Thursday it will invest $7.5 billion over the next five years on ships, terminals and logistics facilities.
Drayage provider ContainerPort Group has announced the addition of truck capacity in key port markets.
Peak season imports are expected to remain strong but rail delays require ‘immediate’ attention, says Port of LA’s Gene Seroka.
Higher amounts of loaded imports and empty export boxes contributed to a nearly 15% increase in volumes.
Congress introduced a bill to protect the health of port communities and address climate and environmental justice issues.
From crude tankers to product carriers to dry cargo ships, the largest vessels are earning less than their smaller counterparts.
Work is underway to develop container-handling terminals in as many as five states along the Mississippi River.
Southern California ports can’t evacuate import containers fast enough. The backlog has yet again reached critical levels.
There were 125 container ships waiting offshore on Friday, including 36 off Savannah, 24 off Southern California and 20 each off Houston and New York.
Nippon Express has launched a multimodal transport service for shipments from the U.S. and Canada to Asia via Mexico.
On demand on WTT: Marine autonomy as a service; the market for drivers; latest on port contracts and more
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
A new law authorizing tandem loads of 20-foot containers went into effect in Louisiana on June 17.
Container market experts advise carriers and shippers to act quickly now that new rules regulating ocean shipping are in effect.
The number of import containers sitting at LA/LB terminals for nine days or more has more than doubled since February.
West Coast port employers and labor won’t extend their contract during bargaining, as business groups would like them to do.
A shipping researcher dubbed July 1 “Bloody Friday” due to a large drop in stock prices for several shipping companies.
Labor strikes and slowdowns at ports in Germany, Antwerp, Belgium, and Rotterdam, Netherlands, are crippling trade and could trigger more logistical inflationary pressures for U.S. importers and consumers.
Lawmakers and shippers urge quick wrap-up of new dockworker labor pact on the eve of the contract deadline.
Spot freight rates are easing, but in a sign of resilience, container-ship charter rates remain near all-time highs.
