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South Carolina Ports enters fiscal year 2024 showing signs of strength. SC Ports handled 208,134 TEUs and 115,422 pier containers in July. Imports flowing into the Port of Charleston outperformed U.S. volumes with a 12% increase from June and a 3% increase year-over-year. Exports were up 9% from last year. Total container volume was down… Read More
Although spot freight rates have been climbing over the past month, according to various indices, retailers concerned about locking in a longer-term rate at current levels may still be able to wait and get a cheaper deal next year. While retailers like TJX, Ross Stores and Target have all touted ocean freight rate declines in recent earnings calls, industry players should carefully negotiate… Read More
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: US-Mexico cross-border trade may hit $1 trillion by 2028; Railway expands freight capacity with new bridge in North Texas; Toms taps Texas logistics software provider as U.S. fulfillment partner; and CBP discovers 1st-in-nation pest in Southern… Read More
The Port of Brookings Harbor is about to launch a five-year dredging project to free the basins of over 38,000 cubic yards of sediment accumulation deposited because of devastating winter rains following the Chetco Bar fire. This perfect storm of circumstances, with the fire denuding vast forested acreage, deposited over ten-times the typical amount of… Read More
The former Jacksonville chief financial officer is leading the JaxPort budget and accounting, treasury, payroll and external auditing functions and oversees its $600 million capital program. Former city CFO Patrick “Joey” Greive has joined the Jacksonville Port Authority as chief financial officer. Greive posted the move Aug. 17 on LinkedIn. Greive was with the city… Read More
Arrival of 15,432-TEU Container Ship Evergreen Ever Max Shows the Port’s Ability to Accommodate the World’s Largest Ships (BALTIMORE, MD) – The Helen Delich Bentley Port of Baltimore today welcomed the largest container ship ever to visit Maryland with the arrival of the Evergreen Ever Max at Seagirt Marine Terminal. The vessel weighs 165,350 tons… Read More
HOUSTON –Container volumes at Port Houston this July were the highest of any previous July on record. A total of 344,163 TEUs were handled during the month, a 5% increase from July 2022. Year-to-date, 2,202,538 TEUs were handled at Port Houston terminals, only 1% less than last year’s record volumes. In July, loaded import volumes… Read More
ST. THOMAS — V.I. Port Authority Director Carlton Dowe said Wednesday that a discussion with the West Indian Company about dredging depth in St. Thomas Harbor is motivated by financial concerns, and is not an effort to keep Crown Bay as the only port capable of accommodating the largest Oasis class cruise ships. “Nothing that… Read More
JLL Capital Markets announced today that it arranged the $114 million construction financing loan from Mesa West Capital for Lower Bucks Logistics Hub, a to-be-built two property industrial project totalling 814,567 square feet in Bucks County, Pennsylvania. JLL represented the borrower, an affiliate of Foxfield LLC. The two speculative, state-of-art, Class A facilities will be located… Read More
Louisiana legislators have agreed to reinstate funding for a significant container terminal project that the Port of New Orleans has in its plans. This marks a reversal of a contentious choice made by House leaders, who had initially decided to remove the funding during the last moments of the legislative session, according to The Times-Picayune/The… Read More
That’s the spot held for more than two decades by the Los Angeles and Long Beach ports, a combined international trade powerhouse that moves nearly 40% of the products imported from Asia to U.S. stores and factories. Tens of thousands of jobs across Southern California depend on a steady stream of imports and exports through San Pedro Harbor. Despite… Read More
Trade activity at the Port of Long Beach fell by more than a quarter in July as adjusted routes, full warehouses and consumers’ shift to travel impacted cargo volumes, the port said Tuesday. The port moved 578,249 twenty-foot equivalent units (TEUs) last month, marking a decrease of 26.4% compared to last year’s exceptionally busy July. Imports went… Read More
Port Houston reached another historic milestone when it celebrated the completion of Wharf 6 of its Bayport Container Terminal Expansion Project. U.S. Transportation Secretary Pete Buttigieg and U.S. Department of Transportation (USDOT) Maritime Administrator Admiral Ann Philips were among many federal, state, and local officials, partners, stakeholders, and customers on hand to celebrate the Bayport… Read More
The Port of Seattle Commission has approved USD 32.6 million (EUR 29.7 million) in funding to transform the historic Ship Supply Building at Fishermen’s Terminal (FT) – one of the oldest existing Port facilities – into a new globally recognized home for maritime innovation and an incubator of blue economy technology. The Port of Seattle will… Read More
Crowley and the Port of San Diego broke ground for the shoreside charging station designed to provide clean energy for the company’s forth-coming zero-emissions tugboat, eWolf. Joined by key partners and community stakeholders, the ceremony marked a significant step forward in the industry’s journey to decarbonization and reduce emissions in the San Diego community. The charging… Read More