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.
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.
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.
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 […]
Additional U.S. tariffs on imports from China could have a number of unintended impacts, the Port of Los Angeles said in a letter to U.S. Trade Representative Robert Lighthizer. The potential impacts of proposed tariffs include higher consumer prices, lower profitability for American firms, and uncertainty in the maritime supply chain, the port said.
Abundant vessel space and weak transportation rates to and from the United States should not pose a bankruptcy danger to international container ship fleets over the next few years, according to U.S. regulators.
Airfreight rates continued to steadily rise in November as the peak season rolled in, with prices on the transpacific trade lane breaching the $5 per kg mark. The latest numbers from the Tac Index show that prices on services from Hong Kong to North America reached an average of $5.37 per kg during November, an […]
Imports at the major retail container ports in the US have set another record reaching 2 million containers in a single month as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from China.
Cargo demand grew 2.7 percent for the month compared with the same 2017 period, down from the 5.2 percent year-over-year growth rate seen in April and 4.2 percent uptick in May, but still up a full point from March’s 1.7 percent pace, according to the latest data from the International Air Transport Association. The March […]
Drewry says freight rates for cargo moving in refrigerated containers have risen since the beginning of 2017. The London consultant says in contrast to its global freight index for “dry”containers, which has fallen 14 percent between the first quarter of 2017 and the second quarter of this year, its global reefer container freight rate index […]