The Port of Virginia reopened operations at 7AM EDT Saturday, according to a report on S&P Global Platts. A spokesperson for the port suggested that their operations experienced very little damage and the impact of the storm will be minimal.
This is good news for supply-chains that depend on the Norfolk based port for inbound and outbound shipping flows. The Port has a large intermodal operation, but is more important for US coal exports, linking the coal mines of West Virginia with the global markets.
Coal is the number one commodity transported across North America, measured by ton-mile, according to the BTS. FreightWaves recently brokedown the various commodities by how many ton miles they represent.
At noon today, the Coast Guard opened the Port of Charleston. The Port of Charleston is one of the largest ports in the United States, ranking number 7 in U.S. ports and has played an increasing role in the North American freight market as imports have shifted from the West to the East.
Complete Hurricane Florence Coverage
Today on FWNOW, Market Expert Donny Gilbert gives his best advice to brokers. What do you do when volumes remain high and tender rejections are at an all-time low? Plus, what's happening this weekend with the weather?
There were only ever two good reasons for Amazon to build a headquarters in greater New York City.
What the Truck is going on in all things freight this week? We are visited by two special guests for this week’s episode: Zach Strickland and making his “inaugural debut” Michael Crosby. Weekly Market Update: What is happening from a carrier’s perspective, and what is happening from a shipper’s perspective? We’ve got the yen and the yang. Futures: And as a matter of fact, it’s these two different points of view that make for a trucking freight futures market: Houston and Dallas. And then Zach and Chad play a round of Big deal, little deal (what’s the deal with you)?
Dana Inc. (NYSE: DAN) beat Wall Street’s consensus revenue expectations of $1.91 billion for the fourth quarter of 2018.
Willie Frank Spight III had a number of options for how to spend his midwinter, two-week study reserved for seniors project, but he wanted some real life, real-time experience.
Electric vehicle startup Rivian announced a $700 million funding round led by Amazon (NASDAQ: AMZN) today, February 15. The investment comes after the Michigan-based company unveiled its all-electric R1T pickup and R1S SUV last fall.
Containerized import volumes increased 9 percent last month over January 2018 totals.
The largest Canadian freight brokerage purchased a 3PL concentrated in the Southeastern United States.
Card carrying Conservative at North European ferry operator appeals directly to the British Shipping and Transport ministers, Nusrat Ghani and Chris Grayling respectively, in a bid to capture overspill freight from competitors following Brexit.
Transparency19 is getting closer! Here’s what you can expect your time to go towards.