U.S. containerized exports could exceed imports during certain months as soon as 2016 and on an annual basis by 2020, Walter Kemmsies, chief economist at Moffatt & Nichol, told the annual meeting of the Agriculture Transportation Coalition.
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The U.S. Industrial Production Index remained mostly unchanged in May 2013, edging up only 0.04 percent, according to the latest retail report from the Board of Governors of the Federal Reserve System.
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The Port of Virginia is aiming to boost container traffic by capitalizing on its post-Panamax draft, tapping improved intermodal service, increasing customer service and developing distribution centers.
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Infrastructure’s Rallying Cry