ports News Updates

Government, Business

Ports Offer Ample Opportunity for P3s, Experts Say

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

May 14, 2019
Business, Logistics

Iceland Builds Arctic Port as Global Shipping Routes Get Redrawn

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.

April 11, 2019
Business

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

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.

April 10, 2019
Government, Business

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

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.

March 27, 2019
Government, Business

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

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.

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

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.

December 27, 2018
Government, Business, Safety

Port Leaders Express Concern Over Funding Demands From CBP

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.

December 5, 2018
Government, Business, Logistics

Nation’s Ports Booming Amid Strong Economy

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.

November 19, 2018
Business, Logistics, TCA

Port of Corpus Christi, Carlyle Group to Partner on Texas Terminal

The Port of Corpus Christi and investment firm The Carlyle Group will team to develop an inland crude oil export terminal for some of the world’s largest oil tankers.

October 29, 2018