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Port Houston’s loaded exports are up 10% year-to-date, reaching 1,151,638 twenty-foot equivalent units (TEUs) through October 2023. These exports are primarily resins and chemicals. Port Houston is the top resins port in the nation as well as home to North America’s largest petrochemical cluster. Loaded import volumes at Port Houston in October were down 4%… Read More
(The Center Square) – The Port of Seattle’s newly adopted budget is projected to reach $1 billion in revenue as property tax levies increase by 4.8%. The $1 billion in revenue is a $77 million [8.1%] increase over the port’s 2023 budget. Total operating expenses for 2024 is set at a total of $623.5 million,… Read More
Container freight flows and crude oil shipments declined slightly in Houston and Corpus Christi, Texas, during October, while container traffic rose at the Port of New Orleans, helped by movements of steel and rubber commodities. Port Houston records cargo declines for third straight month Port Houston saw container cargo volume slip for the third consecutive month…. Read More
Twin Southern California ports Long Beach and Los Angeles reported solid year-over-year increases in cargo container volume in October. The Port of Long Beach notched a 14.7% year-over-year increase, moving 755,150 20-foot-equivalent containers compared with 658,428. “Cargo is rebounding, and we are continuing to collaborate with our industry partners to recapture market share and invest in… Read More
The Port of Savannah’s Garden City Terminal experienced a significant increase in the number of containership calls last month, with 129 visits for a 26 percent rise compared to October 2022. The surge in activity comes after the completion of renovations on Berth 1, resulting in all berths being open at the largest single-terminal container… Read More
Cargo volumes at the Port of Los Angeles rose 7% year over year to 725,775 TEUs in October, marking the third consecutive month that volumes have increased compared to 2022. From August to October, the San Pedro Bay ports have increased their market share of U.S. containerized imports from Asia to 46% from last year’s… Read More
In an exclusive interview with FTNnews, Rick Cotton, the Executive Director of The Port Authority of New York and New Jersey, shares his insights and vision for the future of air travel in the region. With a distinguished career spanning several decades, including pivotal roles in major infrastructure projects and executive positions at NBC Universal, Cotton brings… Read More
A more than $9 billion annual budget up for final consideration next month at the Port Authority of New York and New Jersey calls for a big increase in capital investments after the agency reduced such spending in recent years due to the COVID-19 pandemic. Several big-ticket projects that align with the Port Authority’s longer-term… Read More
It was in 1984 I first became aware of the port on Roberts Bank in the south arm of the Fraser estuary, when we moved to a small farm in East Ladner. Back then it was only a coal port (what is now Westshore Terminal opened in 1970) with trains moving coal from mines in… Read More
As the terminal currently undergoes several optimisation programmes to build upon its semi-automation capabilities, creating capacity for additional freight and furthering its need for reliable and ubiquitous connectivity on-site, the Norfolk International Terminal (NIT) has announced an agreement to build a Verizon Business Private 5G Network at its Virginia facility. The Port of Virginia described itself as America’s most… Read More
At 5:00 p.m., November 15, 2023 (Pacific Standard Time), Long An International Port (Vietnam) and Port of Long Beach (USA) signed a letter of intent to agree on establishing a sister port relationship coinciding with the event welcoming Asia-Pacific Economic Cooperation partners organized by the California Association of Port Authorities (CAPA). The signing ceremony was… Read More
The Port of Savannah had a good October but business is down when looking at a bigger picture. Savannah handled 449,000 twenty-foot equivalent units (TEUs) of containerized cargo last month, the port’s fourth-busiest October ever and a 5% increase over October 2019, the most recent year not affected by the pandemic. But business is down… Read More
Want a quick takeaway from the Port Authority of New York and New Jersey’s proposed 2024 budget? The plan is to move “full steam ahead” and bring spending levels back to what they were at before the coronavirus pandemic, officials say. On Wednesday, the Port Authority released a $9.3 billion proposed budget for the upcoming… Read More
Rockefeller Group and the Matan Companies have announced the formation of a joint venture partnership to develop a 5-million-square-foot industrial and logistics centre in Virginia. The 500-acre Port 460 Logistics Centre is designated for heavy industrial, logistics, sophisticated manufacturing, life sciences, and warehousing purposes. The first phase of the project is underway, with five buildings… Read More
The president and CEO of Tampa’s port, bustling with cargo and cruise ships, got a salary hike Tuesday that will have him making about $597,000 a year. The governing board of Port Tampa Bay voted at their monthly business meeting Tuesday to give Paul Anderson, 63, an 8% raise above the nearly $553,000 he was… Read More