Archive for the ‘Uncategorized’ Category

Port of LA broke TEU records in FY2019

The Port of Los Angeles moved 9,688,252 twenty-foot equivalent units (TEUs) in fiscal-year 2019, a 5.7 percent increase from the previous year, port officials announced this week. The fiscal year, which ended June 30, was the busiest 12-month period in port history, said Executive Director Gene Seroka.

PANYNJ unveils new 30-year master plan

The Port Authority of New York and New Jersey (PANYNJ) on Tuesday unveiled its Port Master Plan 2050, which lays out a roadmap for the next generation of land-use and infrastructure development projects.

US import prices post the biggest drop in 6 months

U.S. import prices fell by the most in six months in June, pulled down by declines in the costs of petroleum and other goods, suggesting imported inflation remained subdued. The Labor Department said on Tuesday import prices dropped 0.9% last month, the biggest decrease since December. Data for May was revised up to show import […]

Imports at Top US Container Ports to Rise Modestly

Imports at the US major retail container ports will remain at high levels this summer but are expected to grow only modestly compared with last year’s rush to bring goods into the country ahead of scheduled tariff hikes, according to a new report released by the National Retail Federation and Hackett Associates.

US Adds (224,000) jobs in June

The U.S. added a robust 224,000 new jobs in June, rebounding from a recent lull and calming worries about the health of an economy now entering a record 11th year of expansion.

Port Tracker report signals volume growth will remain but at a reduced level

High levels of imports are expected to remain intact at United States-based retail container ports, albeit at a lower level than a year ago at this time, as retail shippers rushed to bring goods into the U.S., in advance of scheduled tariff increases, according to the most recent edition of the Port Tracker report published […]