GCT will sell its terminal operations in Staten Island, New York, and Bayonne, New Jersey, to shipping giant CMA CGM.
West Coast port employers and labor won’t extend their contract during bargaining, as business groups would like them to do.
The port congestion crisis is Southern California is not getting any better.
Plaquemines Port announced it has found the site for its state-of-the-art container terminal that will be able to handle vessels carrying up to 22,000 TEUs.
Texas ports like Freeport have embarked on major expansion projects to handle larger ships.
Drayage provider ContainerPort Group announces intermodal terminal operator FSI Inc. will start operating under the CPG banner at the beginning of the year.
ZeroNorth makes board appointments, and Southeastern Freight Lines promotes a service center manager.
“This outperformance once again demonstrates that we are in the right locations, and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience,” Sultan Ahmed Bin Sulayem says.
Quick action sets the bar for terminal operators across the country, says Agriculture Transportation Coalition chief
COVID-19 can accelerate many existing but slow-moving trends in the industry as it has forced changes in behavior and altered industry priorities.
COVID-19 has not hurt cargo flows between the Pacific Northwest and Anchorage.
Coronavirus and tariffs blamed for lowest total in more than a decade.
“It’s important for us to keep the supply chain fluid” during the coronavirus pandemic, Executive Director Gene Seroka says.
Port, engineering and property giant MMC shrugged off the trade war and economic headwinds to report massive increases in revenues and profits. Analysts issued a “buy” rating.
Trucking and trade bodies are outraged by the ongoing tactics of container terminal operators to frequently hike already huge fees on trucks. Lobbying of government ministers is underway and even port operators are disappointed at the ongoing tactics of terminal operators.
It’s a largely good set of third-quarter results for the Philippines-based but globally operating container terminal operator ICTSI. “Strong financial performance,” says President and Chairman Enrique K. Razon. On a nine-month basis, the growth surge is pronounced.
Advent Intermodal is seeking to increase transparency along the Panama “land bridge” between the coasts.
Ocean shipping terminal operator Westports of Port Klang, Malaysia, has reported a surge in third quarter revenues and a jump in profit before tax. Analysts are… less than impressed.
Hutchison Port Holdings Trust (SGX: NS8U), a Singapore Stock Exchange-listed container terminal operator active in Hong Kong and mainland China, has reported a small decline in unaudited revenues for the nine months to September. That led to a 5% fall in profit after tax.
Appeals court rejects CMA CGM’s attempt to avoid paying up.
Port of Virginia sees tariffs putting its billion-dollar expansion at risk.