Gary G Burrows
Only a month before the book is closed, container traffic is expected to top a record set in 2021, according to data from Container Trades Statistics Ltd.
CTS reports that global loaded volumes increased 5.3 percent year-over-year in November, hitting 15.6 million TEUs. That was the same annual growth rate as recorded in October (revised) but was down 1.6 percent on the prior month (15.9 million TEUs). The monthly ...
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Maersk A/S (Maersk), an entity under A.P. Moller - Maersk, and Hapag-Lloyd AG launch their operational collaboration Gemini Cooperation on Feb. 1.The container line giants intend to deliver a flexible and interconnected ocean network with schedule reliability above 90 percent once fully phased.About 340 vessels will be phased in and ...
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Port Everglades enjoyed healthy increases in cruise, cargo and petroleum volumes during its 2024 fiscal year, resulting in record revenues for the Broward County, Florida port.For the quarter ended Sept. 30, 2024, Port Everglades earned a record US$215.7 million in revenue, up 18 percent from the previous budget year.Containerized cargo ...
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The Port of Los Angeles has appointed Jeffrey Strafford as chief financial officer and Artie Mandel as director of government affairs
Strafford, a long-time City of Los Angeles employee, will oversee the port’s financial affairs, including accounting, debt and financial analysis, and financial planning and analysis divisions.
Before joining ...
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The Northwest Seaport Alliance of Seattle and Tacoma saw international container volume jump 32.9 percent in November 2024, compared with the year-earlier result.
Container volume (international and domestic) for November reached 290,210 20-foot equivalent units, or TEUs, growing 25.7 percent compared to November 2023. Import container volume increased 24.2 ...
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The Alabama Port Authority in December it has awarded a contract to Richmond Engineering Works, or REW, to produce two new stacker reclaimers.Pittsburgh-based REW will engineer, fabricate and install the new equipment at McDuffie Coal Terminal, with all engineering and fabrication to occur within the U.S.The new stacker reclaimers are ...
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JB Hunt Transport Services’ Q4 Results Mixed
J.B. Hunt Transport Services Inc. reported fourth quarter net income of US$155.5 million, compared to net earnings of US$153.5 million in the fourth quarter 2023.Operating revenue for the Lowell, Arkansas-based intermodal service provider was US$3.15 billion in the fourth quarter, down 5 percent from ...
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The U.S. Department of Transportation, or DOT, and the Federal Highway Administration, FHWA, said on Jan. 10 that it was awarded the Port of Houston Authority nearly US$25 million in grant funding to construct and operate a hydrogen fueling station for heavy-duty trucks.The project is a public-private collaboration between the ...
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Sean Duffy was confirmed Jan. 28 as U.S. Transportation Secretary, who has been tapped by President Donald Trump to cut transportation regulations and address the nation’s infrastructure, AP reported.A former Wisconsin congressman and reality TV star, Duffy, 53, garnered bipartisan approval, with a 77-22 Senate vote. He vowed to “restore ...
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Crude oil tanker deliveries plunged 74 percent to a 36-year low in 2024, said Niels Rasmussen, chief shipping analyst at BIMCO.Only 17 new tankers with 2.5 million deadweight tons of capacity joined the fleet in 2024. Recycling of crude tankers increased only 0.2 percent to 1.7 million dwt in 2024, ...
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