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Trade moving through the Port of Long Beach declined 8.2 percent in May due to tariffs and retaliatory tariffs, but a temporary pause on those fees will likely trigger a cargo surge by late June.
Dockworkers and terminal operators processed 639,160 twenty-foot equivalent units, or TEUs in May, down 8.2 percent from the same month last year. Imports dropped 13.4 percent to 299,116 TEUs and exports decreased 18.6 percent to 82,149 ...
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The Port of Los Angeles blamed the impacts of tariffs on imports and exports, as its May volume fell 5 percent to 716,619 twenty-foot equivalent units, or TEUs, and ending 10 straight months of year-over-year growth in overall cargo volume.
“May marked our lowest monthly cargo ...
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The New Orleans Public Belt Railroad, or NOPB, said it has strengthened its partnership with Freedom International Tank Services, a full-service, logistics provider headquartered in New Orleans.
Freedom Intermodal’s recent launch of its railcar cleaning services, as well as an expansion of transloading capacity and railcar ...
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Global economic prospects are weakening, with substantial barriers to trade, tighter financial conditions, diminishing confidence and heightened policy uncertainty projected to have adverse impacts on growth, according to the Organization for Economic Cooperation and Development’s (OECD) latest Economic Outlook (https://tinyurl.com/mr3m6fbh).
Global growth has slowed from 3.3 ...
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Benefitting from a major U.S. policy change, Port Milwaukee held an event June 16 to spotlight the vital role the Great Lakes maritime industry plays in regional economic development, international trade, and community prosperity.
On April 17, the U.S. Trade Representative’s final determination exempts Great Lakes ...
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Americold Realty Trust, a provider of temperature-controlled logistics, real estate and value-added services, said May 29 it has begun work on its first import-export hub to be built in Port Saint John, New Brunswick, Canada.
The new cold storage facility, slated to open in 2026, will ...
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DP World said May 15 it will invest US$760 million to expand the Dominican Republic Port of Caucedo, which it said would create a manufacturing and logistics hub for the Americas
DP World signed a memorandum of understanding, or MoU, with the Dominican Republic’s Ministry of ...
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‘Liberation Day’ for many U.S. consumers and global traders came on May 14, not April 2, which was the day when President Donald Trump essentially set an embargo against Xi Jinping and China, and prohibitive tariffs against every country. And some penguins.
Instead, On May 12, ...
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The St. Bernard Port, Harbor and Terminal District, in partnership with Associated Terminals, on May 14 celebrated the completion of more than two decades of planning in the historic opening of the Chalmette Slip Rehabilitation Project.
Originally constructed in 1907, the Chalmette Slip is fully operational ...
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Fresh Del Monte Produce Inc., Freeport Warehouse LLC and Port Freeport unveiled the new Cross-Dock No. 1 facility, with 80,000 square feet of chilled cross-dock warehouse located near Port Freeport’s Velasco Container Terminal.
Fresh Del Monte Produce, a leading vertically integrated producer, marketer and distributor of ...
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