India and China signed 16 memorandums of understanding, including a five-year trade and economic cooperation plan, in a major attempt to address the growing trade imbalance between the two countries.
Having reached a tentative agreement Aug. 26 on the crucial issue of medical benefits, negotiators for the International Longshore and Warehouse Union and the Pacific Maritime Association have spent the past month discussing operational issues at marine terminals.
U.S. ports are under increasing pressure to modernize their facilities to handle larger vessels and keep their existing infrastructure up to par. Fortunately, for some ports, Uncle Sam is giving them a boost via Transportation Investment Generating Economic Recovery (TIGER) program.
BMW Group has opened a vehicle processing and distribution center to support a new five-year agreement that will increase the German automaker’s imports through the Port of Baltimore.
PierPass, the entity that runs the offpeak program at the ports of Los Angeles and Long Beach, said veteran transportation executive John Cushing will take over as president from Bruce Wargo, who led the organization since its inception in 2004 and who will remain CEO.
As container ships grow steadily larger due to carriers seeking greater economies of scale, ports find themselves struggling to cope with the burdens, being forced into huge investments for deepening and infrastructure that may or may not pay off, according to a senior Port of Long Beach official.
Ohio’s Port of Cleveland and Dutch breakbulk carrier Spliethoff Group have decided to add a second monthly vessel to the Cleveland-Europe Express, or CEE ― the only container and breakbulk service currently operating between Europe and a Great Lakes port.
Peruvian President Ollanta Humala has toured APM Terminals Callao to view how the terminal operator’s investment of more than $750 million at the port’s North Terminal is being modernized to handle larger ships.
International intermodal volume growth in North America dropped markedly in August, providing another sign that the lack of a U.S. West Coast longshore contract hangs less on retailers’ necks because the majority of their holiday goods have arrived in the U.S.
The Port Authority of New York and New Jersey has authorized $356 million to develop a long-delayed intermodal rail transfer facility for Global Terminal in Bayonne, New Jersey, and to expand container-on-barge service to Brooklyn.