Business
The Port of Brownsville proved resilient amid a global pandemic and economic challenges with a record-setting 2020, moving 11.2 million short tons of diverse cargo with operating revenues of $41 million.
The unaudited operating revenues eclipsed FY 2019's high watermark of $25.4 million. The port also saw record levels of railcar movements at 51,115, marking a 24 percent increase from the 41,207 railcar movements recorded in 2019.
"The port never lost sight ...
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The Georgia Ports Authority Board approved on March 29 capital improvement projects that will increase the Port of Savannah’s container capacity by 20%.
“Right now, we are moving container volumes that we did not expect to see for another four years,” said GPA Executive Director ...
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The U.S. Department of Transportation’s Maritime Administration announced a Notice of Funding Opportunity (NOFO) encouraging states and port authorities to apply for $230 million in discretionary grant funding for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program (PIDP).
“Our nation’s ports are a ...
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Shipping continues to face the perfect storm and now with the massive container ship Ever Given blocking the Suez Canal, global shipping and supply chain concerns have become even more critical. Ever Given is a 20,000 TEU-class container ship, currently leased by Evergreen Marine Corp. ...
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Canadian Pacific Railway Limited and Kansas City Southern announced on March 21 that they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$29 billion. Following final approval ...
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The Port of Virginia® in February set a new record for monthly TEU volume having handled nearly 249,000 TEUs and in doing so set a new record for February cargo volume. February’s record TEU volume was more than 40,000 TEUs ahead of Feb. 2020 ...
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In 2020, the Netherlands managed to attract significantly fewer foreign companies than in previous years. This is evident from the annual results of Invest in Holland and the Netherlands Foreign Investment Agency (NFIA) over 2020. Last year, 305 foreign companies, including Beyond Meat, Chargebee and ...
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Hapag-Lloyd and NileDutch have signed a sale and purchase agreement where Hapag-Lloyd acquires all shares of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch). With over 40 years of expertise, NileDutch is one the leading providers of container services from and to West ...
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A message from JAXPORT CEO Eric Green regarding the State of Florida’s proposed allocation of nearly $260 million in federal COVID-19 relief funding for Florida’s 15 seaports:
“We are extremely grateful to Florida Governor Ron DeSantis and FDOT Secretary Kevin Thibault for their continued support of ...
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With the FIA Formula 1 World ChampionshipTM about to begin, DHL and Formula 1® are proud to announce the extension of their long standing global partnership, which spans across a number of decades. DHL thus remains the Official Logistics Partner of Formula 1® for further ...
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