The US Department of Transportation's Maritime Administration (MARAD) has awarded more than $280 million in discretionary grant funding to improve the infrastructure of the nation's ports.
The ports of Long Beach and Los Angeles have both seen their TEU traffic crash as ratings agency Fitch Ratings warns the coronavirus will hurt trade volumes all over the world.
The Port of Charleston will receive a $20 million grant from the US Department of Transportation for the expansion of the Wando Welch Terminal.
During his State of the Port address, the Port of Oakland’s executive director Danny Wan called for an industrial sanctuary to sustain economic vitality in Oakland.
The US Department of Transportation's Maritime Administration (MARAD) has will invest $7.5 million in nine Marine Highway projects as it looks to make the movement of cargo and people at sea and on land more efficient.
The Port of Long Beach continues to feel the effects of restrictive tariffs in the US as it reports a 3.5% cargo volume dip for November 2019.
An unsettled 2019 has seen a divergence in growth between West and East coast ports as high exposure to Chinese tariffs in the West takes its toll, according to Fitch Ratings recent analysis of transportation infrastructure growth in the US.
The Port of Oakland has announced that its refrigerated export volume has grown 20 percent here in the past year.
The Georgia Ports Authority (GPA) has said expansions and new business accounted for nearly US$5 billion in investment and 12,000 new jobs in the fiscal year 2019, the centerpiece of which are plans to double annual capacity at the Garden City Terminal to 11 million TEU.
Loadsmart, a digital freight technology company, has announced they have raised USD $19 million for a major initiative to improve the flow of freight through American ports.
The Port of Jacksonville has closed for all commercial traffic ahead of the category three Hurricane Dorian making landfall, according to a statement released by the port authority.