Business
Drewry, the maritime research and consultancy, said its World Container Index decreased 4 percent to US$3,216 per 40-foot container the week of Oct. 17.The latest Drewry WCI composite index is 69 percent below the previous pandemic peak of US$10,377 in September 2021, but it is 126 percent more than the average 2019 (pre-pandemic) rate of US$1,420.The average composite index for the year-to-date is US$4,058 per FEU, which is US$1,225 higher ...
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Hub Group Inc., the comprehensive transportation and logistics management solutions, said Oct. 8 said it has entered a joint venture with EASO, a family owned, Mexico City-based intermodal and trucking logistics provider.The joint venture will be the largest cross-border and intra-Mexico intermodal company, positioning Hub ...
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Drewry, the independent maritime research consultancy, said its World Container Index decreased 4 percent to US$3,349 per 40-foot container the week of Oct. 10, 68 percent below the previous pandemic peak of US$10,377 in September 2021, but 136 percent more than he average pre-pandemic rate ...
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The Texas Port of Brownsville said it has secured a low-interest US$43 million loan from the Texas Department of Transportation, or TXDOT, for its Brazos Island Harbor Channel Improvement (BIH) project.The Ship Channel Improvement Revolving Fund, or SCIRF, loan provides the Port or Brownsville’s share ...
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The U.S. Department of Commerce, in collaboration with the Council on Foreign Relations, or CFR, hosted its inaugural Supply Chain Summit on Sept. 10, bringing together leaders from government, industry, academia, and communities.The summit was intended to highlight efforts by the U.S. government and industry ...
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Wallenius Wilhelmsen said four of the dozen Shaper-class vessels on order with Jinling Shipyard (Jiangsu) will be increased in size from 9,300 car equivalent units to about 11,700 CEUs – the largest pure car truck carriers to ever to sail and are intended to reduce ...
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Spliethoff said it has placed an order with Wuhu Shipyard Co. Ltd. in China for the construction of a new series of eight multipurpose vessels with an option for two additional vessels. This new series will be delivered starting the first quarter of 2028.The L-type ...
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SANY America, the U.S. subsidiary of a leading global heavy equipment manufacturer, has launched operations at a near-port warehouse and distribution facility, two miles from the Port of Wilmington.The Industrial Realty Group facility provides SANY America with the capabilities and infrastructure, including cranes and internal, ...
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The Montreal Port Authority, or MPA, is feeling the impacts of a partial strike by Longshoremen’s Union CUPE Local 375 workers at the Port of Montreal’s Viau and Maisonneuve terminals the morning of Sept. 30.MPA said the work stoppage effectively closed the two terminals and ...
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To improve efficiency and competition, Upper and Lower Mississippi River ports have signed their first Cooperation Endeavor Agreement at the National Waterways Conference’s annual meeting in September.This historic partnership could lead to significant advancements in cooperation efforts toward business development, infrastructure investment, and federal support ...
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