Freight News
The American Apparel & Footwear Association welcomed the passage of the America COMPETES Act on February 4, emphasizing the positive impact it will have on protecting consumers from dangerous counterfeits, addressing the worsening shipping crisis, and providing critical tariff savings at a time of rising prices and surging inflation. Included in the bill is the SHOP SAFE Act, INFORM Consumers Act, Ocean Shipping Reform Act (OSRA), and the retroactive renewal ...
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Galveston is rising in the rankings as a top-50 U.S. cargo port. Almost 12 million tons of cargo moved through the deep-water harbor in 2020, placing it 46th among the busiest U.S. ports and waterways.According to the U.S. Army Corps of Engineers, a 9% increase ...
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GCT Global Container Terminals Inc. (GCT) today announced that Doron Grosman, President and Chief Executive Officer, has tendered his resignation. The Board of Directors has accepted his resignation effective February 25, 2022.
Since joining GCT in 2017, Mr. Grosman has consistently distinguished himself throughout his time ...
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The Port of Long Beach has issued an information request to assist in creating one of the largest U.S. networks of publicly accessible electric-charging stations for the heavy duty, class 8 drayage trucks that serve the port complex.Transitioning the drayage truck fleet serving the San ...
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Mediterranean Shipping Company (MSC) recently announced Houston on the rotation in their Santana trans-Pacific service, which links Vietnam and Central China to the U.S. Gulf and East Coasts.Port Houston will be the first port call in the United Statesfor the service. The rotation is Haiphong ...
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State of Port recap: federal/state funding fuels opportunities for investment.
National attention focused on the supply chain, infrastructure investment and jobs, it is time for the Port of Oakland to invest in a renewed, smart and zero-emissions port. That was Executive Director Danny Wan’s message ...
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The Port of Virginia® continues to be an expanding economic force in the Commonwealth’s economy, says a recent study conducted by The College of William & Mary that analyzes the overall value of the port to the Virginia economy during fiscal year 2021 (FY21).
“The Port ...
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U.S. Sens. John Thune (R-S.D.) and Amy Klobuchar (D-Minn.), both members of the Senate Committee on Commerce, Science, and Transportation, today introduced the Ocean Shipping Reform Act, bipartisan legislation that would update federal regulations for the global shipping industry. The bill would level the playing ...
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Drewry’s composite World Container Index decreased marginally by 0.5% to $9,376.70 per 40ft container this week.Source: World Container Index, Drewry Supply Chain Advisors
Our detailed assessment for Thursday, 3 February 2022• The composite index decreased marginally by 0.5% this week, but, remains 79% higher than a ...
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The Alabama Port Authority board of directors have approved a $2.042 million purchase of 272 acres in Montgomery, Ala., to construct an inland container intermodal transfer (ICTF) facility. The project will extend intermodal rail service from the Port Authority’s container intermodal terminal at the Port ...
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