The U.S. Senate Wednesday voted to renew trade promotion authority for the first time in nearly eight years, setting the stage for the a Pacific Rim partnership that some have heralded as the largest trade pact in history.
In September, dockside construction will begin on a new deep-sea port with a capacity of 1.45 million 20-foot-equivalent units, amid sanctions and a collapse in the price of oil that have pulled down St. Petersburg’s container volume.
A sharp drop in idle container ship capacity during the first half of June is fueling hopes among container ship tramp owners that charter hire rates could pick up again.
Shreyas Shipping and Logistics on Wednesday said it signed an agreement to buy the Hub Gallardo, a container ship with a capacity of approximately 700 20-foot-equivalent units, the Indian short-sea ship operator’s second acquisition this month.
The AFL-CIO says legislation to require government collection of port performance data before and during longshore bargaining would politicize federal data collection and allow statistics to be used to undermine unions’ negotiating positions.
Chief executives of companies that operate in the highly competitive trucking and logistics space admit they have a real challenge on their hands as they work to provide good service, seek new business and turn a profit as operating costs, including truck driver wages, go up.
Singapore has opened two new phases of its $2.6 billion Pasir Panjiang Terminal, another step along a massive development road that will help the port cope with mega-ships and alliance complexities continuing to frustrate transshipment hubs in the region.
Truck drivers may be legally permitted to drive 11 hours a day, but do they? Trucking technology provider PeopleNet reviewed data from more than 200,000 onboard computers used to log driver hours and concluded many drivers don’t even come close to that limit.
With longshore unions on both coasts moving aggressively to enforce chassis inspection requirements, the American Trucking Associations wants the Federal Maritime Commission and the Federal Motor Carrier Safety Administration to immediately put an end to inspections it says are creating costly delays for drayage truck drivers.
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.