Hanjin collapse and chassis shortages result in longer truck visit times in LA-LB in September.
The US Maritime Administration will provide $4.64 million in “marine highway” grants for five existing or proposed container-on-barge services.
Maher Terminals and the Port Authority of New York and New Jersey have agreed to settle an eight-year-long legal dispute.
Terminal operators and stevedores make up the second-largest group of organizations making financial claims against bankrupt Hanjin Shipping.
Shippers are warning that the Russian government’s raising of stevedoring tariffs to boost port infrastructure investment may squeeze out some operators and force importers and exporters to eat the higher costs.
The value of M&A deals fell 30 percent in the third quarter, but the Port of Melbourne sale saw Asia and Oceania leading the way.
As good as Los Angeles and Long Beach are in attracting strong demand, they must contend with the fractured nature of 15 million TEUs being spread out over 13 terminals.
US ports could be an unexpected beneficiary of the historic settlement between the US government and German automaker Volkswagen.
CSX Transportation and Ports America agreed to the hand-over in January.
Untraditional deals that finance harbor dredging or underwrite the purchase of entire ports are receiving more consideration.