Grain handlers in the northern Midwest say they are getting faster rail service, speeding soybean exports to the Pacific Northwest.
Negotiators for the Pacific Maritime Association and the International Longshore and Warehouse Union reached a tentative agreement on the chassis maintenance and repair issue that has been the major roadblock to reaching a new waterfront contract at West Coast ports.
Congestion and delays at U.S. West Coast ports meant UPS had to scramble to get containerized goods into its inland delivery network and to customers. Higher purchased transportation costs were a factor in lower fourth-quarter earnings.
Marine terminals at the Port of New York and New Jersey, the largest East Coast container port, will close early today and remain closed Tuesday as the entire Northeast braces for a winter storm of historic proportions.
Kenya’s Dock Workers Union (DWU) has modified its long-held opposition to private operation of Mombasa port’s new container terminal.
Cargo volumes at non-major, also known as minor, ports in India expanded at nearly three times the pace of “major” ports owned by the federal government, reflecting rerouting of traffic to avoid ongoing congestion problems at major ports.
The development of Oman’s Sohar Port and Freezone and its links to the Arabian Peninsula and Gulf nations have placed the port city firmly on China’s radar as it works to build a “Maritime Silk Road” between Asia and Europe.
Only 60-70 percent of India’s port capacity was currently being utilized, and that issue should be addressed before the country embarked on ambitious new port projects, according to Visakhapatnam port chairman M.T. Krishna Babu.
The Pacific Maritime Association on Friday released detailed accounts of the dramatic drop in longshore productivity at West Coast ports that began in late October and continues to contribute to stifling port congestion.
After five years of strength in the southbound leg, the weakening value of the real is generating strong demand for Brazilian exports.