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.
U.S. containerized exports will grow in the next five years on the back of a strong construction demand around the globe, JOC Group Economist Mario Moreno says.
The number of ships quarantined in Los Angeles by Asian Gypsy Moth infestations has risen to 15 as inspectors battle to keep the invasive species from making its way into North America.
The cost of shipping a 40-foot container from Hong Kong to Los Angeles declined this week, with rates losing all gains brought on by a Sept. 1 general rate increase.
The Port of Virginia made strides toward financial stability in August, on the back of volume growth that topped 8 percent.
Container handling rose nearly 2 percent in August at the world’s largest transshipment hub, the Port of Singapore.
The sale of investment certificates for the Suez Canal expansion project has netted Egypt $8.5 billion to fund upgrades to one of the country’s largest and most lucrative economic ventures.
Two Southern California politicians are asking the U.S. Army Corps of Engineers to hurry along repairs to the breakwater protecting the Port of Long Beach, two weeks after high winds and waves...
Bunker prices have fallen to their lowest level in over a year after a three month slide, and oversupply may keep fuel costs for container lines relatively low throughout the end of the year.
Weak global demand is hurting U.S. containerized exports, while a reviving U.S. economy is aiding imports. A larger long-term trade imbalance is the likely result, Cass says.
Rep. Janice Hahn, D-Calif., has proposed legislation that would use federal funding to test whether 100 percent container scanning is feasible at two U.S. ports.
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Oct 8, 2014 2:00PM EDT
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