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Plus: BlackRock acquires Panama Canal Ports, LTL carriers see mixed February volumes, Trump annoucnes office of shipbuilding, and more.
The Port of New York and New Jersey has seen a continuous drop in cargo volumes over the past year.
In a turn of events, the Port of New York and New Jersey has seen a continuous drop in cargo volumes over the past year. Interestingly, when looking back to pre-pandemic levels, October 2023's figures were actually 11% higher than those of October 2019.
Rick Cotton highlights the project's potential to streamline operations and keep the port ahead of the curve in cargo handling efficiency. This investment is a strategic move to boost the port's capacity and resilience against future challenges.
Hey @NjPier, found this on the Fb group for the NY/NJ port truckers. Any more info on this? Looks like they’re going to go broke pulling freight out of there. pic.twitter.com/n2yxfKeKbi
— James Bowen (@JamesBowenLFLS) December 6, 2023
Source: Supply Chain Dive
The looming US East Coast port strike could disrupt 550,000 TEUs weekly, prompting shippers to turn to Canadian ports as a potential alternative.
ILA union threatens Oct 1 strike, risking 43% of U.S. imports. Businesses worry as billions in daily trade hang in the balance.
U.S. ports report record July container volumes driven by early holiday shipping, with Los Angeles and Long Beach leading gains.
A fire on a Taiwanese cargo ship at China's Ningbo-Zhoushan Port caused an explosion felt kilometers away.
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