Government, Business, Logistics

Ports Off to a Strong 2019 Start, but Concern Looms Over Trump Tariffs

Cosco shipping container passes Golden Gate Bridge A Cosco Shipping container ship passes the Golden Gate Bridge on May 14, bound for the Port of Oakland. (Eric Risberg/AP)

Many of the nation’s ports have reported record monthly and quarterly container volumes so far in 2019, but port executives are expressing concern that steeper tariffs on Chinese goods imposed by President Donald Trump could hurt the economy — and their facilities.

Dan Ronan | Associate News Editor
May 15, 2019
Government, Business

Ports Offer Ample Opportunity for P3s, Experts Say

Kerry Cartwright Kerry Cartwright, director of the Port of Los Angeles’ Goods Movement Division, by Eleanor Lamb/Transport Topics

WASHINGTON — Ports, which incorporate various modes of transportation, can serve as testing grounds for public-private partnerships, according to experts gathered during Infrastructure Week.

Eleanor Lamb | Staff Reporter
May 14, 2019
Business, Logistics

Iceland Builds Arctic Port as Global Shipping Routes Get Redrawn

A national flag is seen on the hull of a commercial fishing vessel moored in the harbor in Reykjavik, Iceland (Arnaldur Halldorsson/Bloomberg News)

As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle.

Ragnhildur Sigurdardottir | Bloomberg News
April 11, 2019

Ports, Shipping Industry Responsible for 26% of US GDP, Study Says

Ports A containership at the Port of Los Angeles. (Tim Rue/Bloomberg News)

The bustling activity at America’s seaports added $5.4 trillion to the economy in 2018 by way of revenue to businesses, personal income and economic output by exporters and importers.

Dan Ronan | Associate News Editor
April 10, 2019
Government, Business

Ports' TEU Volume Cools in February After Red-Hot 2018

Port of Los Angeles A containership is unloaded at the Port of Los Angeles. (Patrick T. Fallon/Bloomberg)

The nation’s biggest ports are off to a mixed start compared with 2018’s record year, showing slower 20-foot-equivalent container volume as the economy gradually slows and with U.S.-China trade talks set to resume shortly.

Dan Ronan | Associate News Editor
March 27, 2019
Government, Business

Nation’s Ports Off to a Strong Start in 2019; Trump Delays Tariff Increase

Port of Los Angeles Port of Los Angeles via YouTube

The nation’s major ports finished 2018 setting monthly and yearly container volume records, and industry experts said 2019 is off to a strong start. Meanwhile, President Donald Trump said on Feb. 24 he is delaying the scheduled March 1 increase in the tariffs on $200 billion in Chinese imports.

Dan Ronan | Associate News Editor
February 21, 2019
Business, Technology, Logistics

Next Secures $97 Million in Series C Round of Funding

Next, a company that uses smart matching and predictive load technologies to connect shippers and carriers, announced it has secured $97 million in its Series C round of funding. The company will use the funds in part to launch Relay, a service to address congestion at shipping ports.

February 5, 2019
Government, Business

Volume Growth Continues at Nation's Ports as US, China Resume Trade Talks

Cranes unload Maersk containers at the Port of Los Angeles California United Terminals cranes unload Maersk containers at the Port of Los Angeles, the nation's busiest port. The port saw a 15.3% volume increase in November. (Patrick T. Fallon/Bloomberg News)

The nation’s ports continued to see steady growth in November cargo volume, as shippers moved goods to the United States from overseas in advance of the holiday shopping season and rushed to get cargo stateside ahead of expected tariffs on shipments from China.

Dan Ronan | Associate News Editor
December 27, 2018
Government, Business, Safety

Port Leaders Express Concern Over Funding Demands From CBP

Port Leaders U.S. Customs and Border Protection

The trade association that represents the nation’s ports has written to the leadership of United States Customs and Border Protection expressing concern about the costs that CBP expects ports to absorb for new and upgraded facilities to house CBP staff.

Dan Ronan | Associate News Editor
December 5, 2018
Government, Business, Logistics

Nation’s Ports Booming Amid Strong Economy

Activity at the Port of Virginia Activity at the Port of Virginia, which had its best October ever, processing 270,538 TEUs compared with 265,490 in October 2017. (Virginia Port Authority)

September and October were record months for many of the nation’s ports as shippers prepared for a busy holiday shopping season and rushed to get cargo into the U.S. ahead of the Trump administration’s tariffs against several nations, including China.

Dan Ronan | Associate News Editor
November 19, 2018