APM Terminals is transferring its lease at Houston’s Barbours Cut terminal to the port authority, which will market the 80-acre site to other users.
Rates on major east-west container routes are “in free fall” and likely to remain depressed by supply-demand imbalances for at least two more years, according to analysts at Drewry Supply Chain Advisors.
A bipartisan committee in the U.S. Senate has unveiled a new six-year surface transportation reauthorization bill that includes more than a quarter-trillion dollars in infrastructure investment and designated funding for freight corridors.
Truck tonnage in the U.S. rose 1.1 percent in May after dropping 1.4 percent in April, but large inventories and slow-paced manufacturing growth are limiting freight demand.
The new locks at the Pacific end of the Panama Canal began to fill with water this week in preparation for months of testing of their new gates before they open to commercial traffic in April 2016.
The damage inflicted by months of West Coast port congestion and supply chain delays lingers even now, more than a month after management and labor ratified a new longshore contract on May 22. Trans-Pacific volumes at West Coast ports have returned to normal levels, but the ports and carriers that call them lost market share in the first five months of 2015. The only winners were non-vessel-operating common carriers and East Coast ports.
The first five months the year were good to Asian air cargo carriers that recorded a 6.3 percent increase in demand for international air freight compared to the same period last year, according to the Association of Asia Pacific Airlines (AAPA).
Shippers on the over supplied Asia-Europe trade appear to be honoring their service contracts with container lines even as the spot market tumbles to new lows every week.
The global healthcare transportation industry urgently needs a new generation of cold chains to cope with rapidly rising demand for pharmaceuticals, especially from emerging markets, and ever stricter compliance from regulators, according to a new study by DHL.
Owner-operator drivers in New Orleans protested truck turn times and construction delays at the Napoleon Avenue Container Terminal, but port officials said the demonstration did not affect operations.