Peak Shipping Season Results in Record-Breaking Month for Ports

David Paul Morris/Bloomberg News

The peak of shipping season in August produced record-breaking results for almost all of the top ports across the United States, covering the period before Hanjin Shipping Co. filed for bankruptcy protection Aug. 31.

Ari Ashe | Staff Reporter
September 21, 2016

Global Investors Bet $7.3 Billion on Australia’s Busiest Port

David Wallace/Flickr

A group of global investors including QIC Ltd. agreed to pay A$9.7 billion ($7.3 billion) to run Australia’s busiest maritime hub for 50 years, betting on steady income from the port’s daily stream of containers and new cars.

Brett Foley | Bloomberg News
David Stringer | Bloomberg News
Angus Whitley
September 19, 2016
Business, Logistics

US Ports, Private Firms to Spend $154.8 Billion on Projects Over the Next 5 Years, AAPA Says

U .S. ports and private com panies will spend an esti mated $154.8 billion on capital projects over the next five years, from dredging harbors and expanding terminals to building warehouses and buying automated container handling equipment, according to the American Association of Port Authorities.

Daniel P. Bearth | Senior Features Writer
September 19, 2016
Business, Government

Ports of Virginia and Charleston Report Record August Volume

Luke Sharrett/Bloomberg

Two top ports on the East Coast reported that August was a record month for containers, although the data reflects the period before Hanjin Shipping Co. filed for bankruptcy on Aug. 31.

Transport Topics
September 13, 2016
Business, Government

Port of Virginia on Track for Increased Double-Stack Rail Service

Maersk Line

There’s light at the end of the tunnel — the Virginia Avenue Tunnel in Washington, D.C., specifically.

Robert McCabe | The (Norfolk) Virginian-Pilot
August 22, 2016
Business, Government

Port of Virginia Reports 3.6% Drop in July Container Volume

Jay Mallin/Bloomberg News

Container volume at the Port of Virginia in July dropped 3.6% year-over-year, while it's up 1.1% for the first seven months of the calendar year, port officials announced Aug. 17.

Robert McCabe | The (Norfolk) Virginian-Pilot
August 18, 2016

Port of Indiana-Burns Harbor Has Second-Best June Ever

Ports of Indiana

The Port of Indiana-Burns Harbor had its second-best June on record after handling 303,000 tons of freight, including shipments of huge cranes from Europe.

Joseph S. Pete | The Times (Munster, Ind.)
July 22, 2016

Ports America Said to Explore Sale Valuing Company at $1 Billion

Ports America

Ports America, the closely held maritime terminal operator, is exploring a sale, people with knowledge of the matter said.

Ed Hammond and Kiel Porter | Bloomberg News
July 14, 2016
Business, Government

Port of Virginia Container Volume Rises Little in June

Luke Sharrett/Bloomberg News

The Port of Virginia saw a small gain in container volume last month and a smidge more than that for the fiscal year that ended June 30, port officials announced July 12.

Robert McCabe | The (Norfolk) Virginian-Pilot
July 13, 2016

L.A. Mayor Forms Advisory Committee for Sustainable Port Growth

Don Haynes/Port of Los Angeles

Los Angeles Mayor Eric Garcetti announced a new 10-member advisory committee to help the Port of Los Angeles reduce carbon emissions and produce a guide for sustainable growth.

Transport Topics
July 12, 2016