Business
Pittsburgh International Airport's cargo infrastructure got a boost recently when federal officials announced a grant to help lengthen a key taxiway used by cargo planes at the airport.The July 26 announcement is the latest win for the region in increasing PIT's capacity to handle cargo from around the world.The FAA awarded the $3.26 million grant to extend Taxiway A, which will be used to access the new Cargo 4 facility, ...
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The Georgia Ports Authority kicked off its new fiscal year with the fastest start ever, handling 530,800 TEUs in July, an increase of 18%.Since January, GPA has moved 3.4 million TEUs, up 231,400 or 7% over its performance during the same period in 2021 – ...
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The newly-deepened 47-foot harbor in Jacksonville, Florida is providing large vessels - and shippers' freight - greater access to the U.S. Southeast market and nearly 100 million American consumers.With a deeper harbor, two-way vessel traffic and open berthing windows seven days a week, ships remain ...
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The EVER ALOT, the largest container ship in the world, with just over 24,000 teu capacity, has been delivered to ABS class.The vessel is the latest in a series of five being built by Hudong-Zhonghua Shipbuilding in China to ABS class. The 400-meter megamax-24 type ...
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Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating services, announced that it has entered into a definitive agreement to be acquired by an investor group led by funds managed by affiliates of Apollo (NYSE: APO) together with investment affiliates of ...
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Agility, a supply chain services, infrastructure and innovation company, announced that it has finalized its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services (NAS) business to create a world leader in aviation services in 58 countries.Once integrated, ...
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With news of the UN’s late July deal to reopen the Black Sea, allowing ocean grain shipments to resume from Ukraine, leading real-time supply chain visibility platform FourKites® released new data showing that agile shippers are finding ways of managing the volatile situation.Following the grain ...
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American Trucking Associations praised the United States Senate on July 27 for passing the CHIPS Act of 2022 to boost domestic semiconductor manufacturing and urged the House of Representatives to quickly follow suit and send the bill to President Biden for signature.
“Semiconductors and computer chips ...
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DP World Ltd handled 20.2 million TEU across its global portfolio of container terminals in Q2 2022. Gross container volumes increased by 2.9% year-on-year on a reported basis and 3.5 % on a like-for-like basis.Volume growth in Q2 2022 was driven by terminals in Asia ...
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Drewry container equity index slumped 25.9% YTD 2022, as of July 15, 2022, after recording a significant valuation gain of 79% and 133.7% in 2020 and 2021 respectively. Liner stocks started 2022 on a positive note but the global polycrisis originating from the decade-high inflation, ...
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