Grup TCB has broken ground on a container terminal yard extension at Guatemala’s port of Quetzal that will help the terminal operator get ready for the extra traffic that is expected from the opening of the expanded Panama Canal.
05 Jul 2014
A decade into CAFTA-DR, the labor rights issue continues to cast a dark shadow over foreign-owned, low-wage manufacturing plants, especially in Guatemala.
04 Jul 2014
A decade after its signing, and five years after full implementation, the Central America Free Trade Agreement may not have transformed Central America into the powerhouse of textile and apparel trade forecast by some optimists, but it has facilitated significant growth in that sector of the region’s economy, along with diversification into other sectors.
02 May 2014
Several carriers have planned general rate increases in multiple trade lanes in May and June, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
07 Apr 2014
U.S. containerized exports tumbled 9.0 percent year-over-year in February to 923,493 TEUs, the lowest monthly volume in 32 months, according to preliminary figures from PIERS, the Data Division of JOC Group. This 9.0 percent drop was also the steepest year-over-year decline since August 2009.
26 Feb 2014
Containerized cargo at Gulf ports is benefiting from a north-to-south shift in U.S. population growth, growth in the region’s automotive and chemical industries and investment in container-handling facilities.
06 Dec 2013
Hapag-Lloyd has expanded its fixed day, weekly Gulf Caribbean Service to include eastbound and westbound calls in Guatemala, Honduras, Costa Rica, Panama and Colombia.
03 Dec 2013
Maersk Line has announced a new weekly intra-America service, which is the result of a slot charter agreement with Hapag-Lloyd.
15 Nov 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November, December and January.