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Gulf Coast ports in Houston and New Orleans reported strong cargo volumes in February as plastics and resins helped drive exports of loaded containers. Port Houston sees import growth slowing but exports rising Port Houston container volume in February rose 15% compared to the same month last year to 313,452 twenty-foot equivalent units. “Our cargo activities… Read More
First, we didn’t have enough goods. Then, we had too many. Now, 43% less imports were processed at the Port of Los Angeles in February compared to the same time last year. The only other time imports at the port have been this low was March 2020, the beginning of the COVID-19 pandemic. “I’m very… Read More
FLORENCE — While many US ports struggled with supply chain problems during the COVID-19 pandemic, South Carolina ports — specifically the Port of Charleston — seized the opportunity to improve. The Port of Charleston jumped from the ninth to the eighth largest port in the country and knocked the Port of Oakland down one in doing… Read More
A coalition of 238 national, state and local trade associations — including American Trucking Associations — wrote to President Joe Biden on March 24, urging the administration to take a more active role in the West Coast port labor negotiations. The contract talks involve the 22,000-member International Longshore and Warehouse Union and the Pacific Maritime… Read More
February volumes at Port Houston remained solid compared to last year, though an expected softening of demand is beginning to be seen in Houston. A total of 313,452 twenty-foot equivalent units (TEUs), or a 15% increase compared to the same month last year were handled during the month. Year-to-date volumes are up 6% to 633,442… Read More
The Jacksonville Port Authority received a $35 million refund in untouched funds from its 11-mile, $420 million harbor deepening project. Officials from the Army Corps. of Engineers presented a check to JaxPort during its March 27 board meeting. Port officials announced in May 2022 that the four-year effort to dredge the 11-mile federal shipping channel… Read More
The Port of Los Angeles processed 487,846 Twenty-Foot Equivalent Units (TEUs) in February, a 43% decrease from the previous February’s all-time record. “February declines were exacerbated by an overall slowdown in global trade, extended Lunar New Year holiday closures in Asia, overstocked warehouses and a shift away from West Coast ports,” said Port of Los… Read More
Enstructure, a leading U.S. marine terminal and logistics company, announced today that it has acquired Richardson Companies (“Richardson”). Founded in 1969, Richardson is a premier terminal and logistics company with primary operations in Port Houston and the Port of Mobile. Richardson is an industry leader in breakbulk operations, handling a diverse mix of breakbulk cargoes, including… Read More
As anticipated, US container imports in February were massively down from the highs of the previous year, with US west coast ports in particular suffering a huge 37% drop. According to the McCown report, which covers the top ten US container ports, import throughput last month fell a record 28%, to 1,454,438 teu, the lowest… Read More
Fears of a slowing economy are leading to fewer containers moving across the Charleston waterfront, with the State Ports Authority reporting a nearly 13 percent decline in February compared to the same month a year ago. Imports, which drove port traffic throughout the pandemic as homebound consumers went on a spending spree, took the biggest… Read More
The Port of Los Angeles has witnessed a significant throughput decline last month, moving 43 per cent less than its previous February’s all-time record. Total cargo at the port reached 487,846 TEU in February, while container traffic at neighbouring Port of Long Beach also declined to 543,675 TEU last month, down a third from the same… Read More
A combination of the Lunar New Year, ongoing labor negotiations and concern about a slowing global economy resulted in the Port of Los Angeles seeing a 43% year-over-year drop in container cargo in February. The port processed 487,846 20-foot-equivalent containers, down from last year’s 857,764. “February declines were exacerbated by an overall slowdown in global trade, extended… Read More
Paul Matthews, CEO of the Port of South Louisiana, sat down with Biz New Orleans this week to provide an update on the port’s plan to purchase the Avondale Global Gateway for $445 million from Virginia-based maritime company T. Parker Host. The facility is the site of the former Avondale Shipyard, which at one time… Read More
European ports are preparing for a major regulatory change next year in how the hundreds of companies in their global supply chains address cybersecurity as ports have become a target for criminal hacker groups and state-sponsored attacks. Cybersecurity rules approved by the European Union for pharmaceuticals, transportation, energy and other critical infrastructure companies are set to take effect in 2024 and… Read More
The California Association of Port Authorities (CAPA) issued the statement as the governments of California and Japan announced a letter of intent that pledges to develop green shipping corridors along a critical trade route in the global supply chain. Today, the California Association of Port Authorities applauded the announcement that the State of California would… Read More