Topic: Ports

Port Tracker reported for September, the most recent month for which data is available, U.S-based retail container ports handled 2.11 million Twenty Foot Equivalent Units (TEU), for a new record, topping August’s 2.1 million TEU, which marked the highest tally for containers imported in a single month, at the time, going back to when NRF first started tracking imports in 2002.

Quarterly revenue, at $21.2 billion, increased 15.9% annually, and adjusted earnings per share, at $2.28, was up 10.1% compared to a year ago, far outpacing Wall Street expectations, at $1.67. Net income, at $2.0 billion, was up 11.8% annually, and operating profit rose 11.0%, to $2.4 billion.

POLA reported it handled a record 883,625 Twenty-Foot Equivalent Units (TEU), for the month, which marked a 13.3% annual increase, and POLB handled 795,580 TEU in September, for a 12.5% annual gain, setting a new record and topping the previous record of 753,081 TEU, which was set in July.

Logistics Management Group News Editor Jeff Berman recently caught up with Richard Howells, VP of Solution Marketing for SAP Digital Supply Chain. Howells provided a detailed overview of how the COVID-19 pandemic has impacted logistics and supply chain operations, as well as key aspects of inventory management, and what we may expect a year from now, among other topics.

Commerce reported that total September retail sales—at $549.3 billion—were up 1.9% over August and were up 5.4% annually. And NRF pointed to September retail sales, which were paced by apparel, continuing a V-shaped recovery from the pandemic, with sales growing for the fourth consecutive month.

While the National Football League’s season is ostensibly on the brink of shuttering, due to the issues related to the ongoing COVID-19 pandemic, the game of political football inside the nation’s capital remains alive and well. That was made more than clear in late September, at the end of the fiscal year, when the White House signed a one-year continuing resolution for the Fixing America’s Surface Transportation (FAST) Act, the five-year federal surface transportation authorization, which was...

Port Tracker reported for August, the most recent month for which data is available, U.S-based retail container ports handled 2.1 million Twenty Foot Equivalent Units (TEU), marking a 9.7% gain over July and an 8% annual increase. The report said that this is the highest tally for containers imported in a single month, going back to when NRF first started tracking imports in 2002.

Forward Air officials said that the purchase price is $2.25 million, with Value Logistics generating roughly $6 million in annual revenues. The transaction, which Forward Air said will be funded from cash on hand, will be made official later this month.

A new Mercator study notes that U.S. West Coast ports have been experiencing a loss of market share of discretionary cargo to Vancouver and Prince Rupert for well over a decade.

As the clock was ticking on the end of the fiscal year, with the immediate financial fate of the nation’s surface transportation authorization—the Fixing America’s Surface Transportation (FAST) Act—set to expire on September 30, the White House stepped in and signed a continuing resolution today, which will run through September 30, 2021, to ensure that funding remains in place.

Following a strike by dockworkers that lasted for one month and paralyzed operations at the Port of Montreal in August and September of this year, Resilience360 research indicates that major ports both on the west and east coast of Canada continue to experience disruption ranging from port congestion to rail car shortages.

Container throughput is robust at leading U.S. West Coast ports this season...but so is dwell time in SoCal

The Port of Los Angeles will begin distributing and publishing key dashboard data from Wabtec’s Port Optimizer™so that all supply chain stakeholders have easy access and can use the forward-looking information to better plan and prepare for inbound cargo.

Gene Seroka, Executive Director of the Port of Los Angeles observes that reaching out and assisting the United Farm Workers is directly aligned with his mission to help keep workers stay safe and assist in the re-emergence of our state and nation’s economy.

4级飓风劳拉的通道August 27, Texas and Louisiana crude oil refineries and ports are currently assessing potential damages caused by the storm system and deciding when to begin reopening.

When longtime shipping industry executive Bryan Brandes was named Maritime Director at the Port of Oakland last June, he quickly took the helm by leading a staff of 20 responsible for one of the nation’s 10 largest container gateways.

Ports continue to raise their game during the COVID-19 pandemic.

排名前20名美国海运港口进口volumes, the report offers a closer look at 2019 data and overall trends in U.S. imports, the impact of trade policy and tariff changes, supply chain and sourcing shifts and early indications of the trade impact of COVID-19.

在一个recent letter to state governor Gavin Newsom signed by trade associations representing a broad cross-section of the California economy, “robust” movement of goods throughout the state cannot be understated.

The COVID-19 pandemic continued to drive down demand for goods in the second quarter of 2020, leading to an increase in canceled sailings and a decline in cargo containers shipped through the Port of Long Beach in June.