The fiscal year budget will help the port stay “laser-focused on targeted infrastructure improvements, technology solutions and strategic resource use,” according to Port of Los Angeles Executive Director Gene Seroka.
SCFI rises 4.9%
Although the Shanghai Containerized Freight Index rose on trades from Shanghai to North Europe to the Mediterranean, it declined on routes to the United States.
Port of Vancouver, Wash. nears completion of $250m rail project
The Pacific Northwest port is is finishing up the final two segments of the West Vancouver Freight Access project, as well as looking ahead to a revamp of Vancouver’s Terminal 1 facility for public commercial use.
Economic Policy Bureau: Global trade volumes up slightly in Q1
International exports and imports of goods rose 1.5 percent in March and 1.4 percent in the first quarter of 2017 on a sequential basis, according to newly released data from the Netherlands Bureau for Economic Policy Analysis.
HMM box volumes skyrocket on Asia-USWC trade
According to PIERS Data, South Korean ocean carrier Hyundai Merchant Marine handled 13,186 TEUs per week on the Asia to U.S. West Coast trade in April 2017, up 73 percent from 7,604 TEUs per week the previous year.
Truckload rates rebound in April
After a 13 month free fall, truckload rates grew 1.3 percent in April 2017 compared to the same 2016 period, according to the latest Cass Truckload Linehaul Index.
Hanjin Heavy delivers safety-certified autonomous vessels
Built in collaboration with Alpha Ori Technology, the two ‘AL-SAFE’ vessels delivered by Hanjin Heavy to Global United in Korea have been certified as safe by Lloyd’s Register’s cyber notations.
Intermodal rates rise for seven consecutive months
April marked the seventh straight month in which intermodal pricing has grown, but that momentum is expected to slow as the year goes on, according to data from the latest Cass Intermodal Freight Index.
Executive Moves: Saddle Creek, PRPA, S.C. Department of Commerce and ATA
Saddle Creek names chief operating officer, Prince Rupert Port Authority appoints board member, the S.C. Department of Commerce names senior program director, and the American Trucking Associations’ executive director of the Intermodal Conference retires.
Special Coverage: Economic, technological concerns could slow California emissions initiatives
California is setting ambitious new environmental goals, but questions remain about whether truckers, marine terminals, and other links in the supply chain will be able to reach those goals, let alone at a price that keeps the state’s ports competitive.