Ports News Updates

DP World named Yuvraj Narayan as the new CEO and Essa Kazim as chairman, it said in a statement on Feb. 13. DP World has activities in 83 countries, including logistics sites in the U.S.

British International Investment halted investments with DP World over alleged ties between the port operator’s CEO and Jeffrey Epstein, the second suspension in the space of 24 hours.

GenLogs, a startup using roadside sensors and artificial intelligence to combat cargo theft and fraud in the trucking industry, secured $60 million in Series B funding, the company said.

December's deficit was $145 billion, per Treasury Department data. For the first three months of the 2026 fiscal year beginning Oct. 1, the shortfall came in at $602 billion.

New Jersey is paying $13 million to fund a near-term experiment testing the ability of hydrogen-powered drayage trucks to move cargo at the Port Newark Container Terminal.

The U.S. is suspending leases for all five wind farms under construction off the East Coast in the latest blow to a sector that’s been targeted repeatedly by the Trump administration.

U.S. port container volumes fell in November, but major gateways including Los Angeles and Long Beach remain on track for one of their strongest years on record.

New York is offering $300 million for port improvements in a signal of support for an offshore wind industry that’s been battered by the Trump administration. 

“It will definitely be positive for the cost of logistics,” said Mohammed Akoojee. “Up until now, the trade war has increased the cost of logistics in terms of freight rates and duties.”

Arkansas Gov. Sarah Huckabee Sanders has awarded $4.6 million to five port infrastructure projects to help boost the state’s economy. Arkansas boasts 1,000 miles of navigable waterways.