Business

AAFA Welcomes Progress on USMCA

The American Apparel & Footwear Association welcomes the announcement that the House of Representatives will move forward with a vote on the U.S.-Mexico-Canada Agreement (USMCA), paving the way for expedited approval and what the industry hopes will be a seamless transition from the North American Free Trade Agreement (NAFTA). “AAFA strongly supports USMCA and is thankful to USTR and Congressional leadership for their work to finalize a deal that can get ... [+]

NFTC Welcomes Announcement of Agreement on USMCA

Washington D.C. – National Foreign Trade Council (NFTC) President Rufus Yerxa today issued the following statement following the announcement of an agreement on USMCA: “This is finally good news on the trade front after a long, hard year. We’re optimistic about the deal and are ... [+]

The Georgia Ports Authority is on track to exceed 4.6 million TEUs for the first time in a calendar year.

That level of trade would be a 14% increase over volumes moved through Savannah just three years ago, or an additional 550,000 TEUs. Over the same period, the Authority has increased the annual capacity at the Port of Savannah from 5 million to 5.5 million ... [+]

Port Everglades Fiscal Year Numbers Reflect Stability, Progress

For the sixth consecutive year, Port Everglades container throughput exceeded one-million TEUs for a total of 1.05 million TEUs, according to a preliminary year-end Fiscal Year 2019 (FY19) report (Fiscal Year runs Oct. 1, 2018 – Sept. 1, 2019). The number of cruise passengers grew ... [+]

Kerry Logistics acquired Turkey’s ASAV to further expand global network

Kerry Logistics Network Limited announced the acquisition of a majority interest in Turkey’s Asav Lojistik Hizmetleri Anonim Sirketi (ASAV) to further the expansion of its global network and strengthen its international freight forwarding capabilities. Building upon ASAV’s competitive advantages of established operations and a diversified mix ... [+]

Federal government awards JAXPORT $20 million for terminal improvements

The federal government has awarded the Jacksonville Port Authority (JAXPORT) a $20 million grant for the reconstruction of more than 100 acres of existing terminal pavement at the SSA Jacksonville Container Terminal at JAXPORT’s Blount Island Marine Terminal. The funding is part of a $238 ... [+]

CargoSphere Launches Common Rate Infrastructure for Ocean Carriers

CargoSphere, the neutral rate network for container shipping, recently announced the launch of eSUDS Connector, a universal rate structure and API for ocean carriers to accelerate 100% digital rate distribution to customers. eSUDS Connector offers carriers a standard API to transfer confidential customer contracts, amendments and ... [+]

Liebherr Container Cranes delivers three RTGs to CSX Intermodal Terminals

Liebherr Container Cranes Ltd. recently delivered three RTGs to CSX Intermodal Terminals (CSXIT) in the United States: two for Bedford Park, IL; the other for Worcester, MA. The RTGs deliver fuel savings of up to 40%. The two RTGs for Bedford Park stack six containers and ... [+]

Panama Canal Closes 2019 Fiscal Year with Record Tonnage

The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018. With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as ... [+]

SCPA makes a $7.1 billion annual economic impact in Pee Dee

South Carolina Ports Authority extends its reach beyond the Port of Charleston to make a significant economic impact throughout South Carolina and in the Pee Dee. S.C. Ports makes a $7.1 billion annual economic impact in the Pee Dee and creates 25,000 jobs in the region, ... [+]