The Port of Savannah’s Garden City terminal received the first of four new neo-Panamax ship-to-shore cranes, and the remaining three will arrive by late April.
The Memphis, Tenn.-based integrator posted a net income of $562 million on revenues of $15 billion for the third quarter of its fiscal year 2017, which ended Feb. 28, year-over-year increases of 10.8 percent and 18.1 percent, respectively.
One intermodal chassis provider, however, the North American Chassis Pool Cooperative, will maintain its current pricing for both pool and premium chassis despite increased labor costs and inventory and fleet enhancement efforts, NACPC said in a statement.
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Port says a softer U.S. dollar and big agricultural harvests resulted in a 20 percent increase in container exports in October.
Japan's three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.
The Honolulu-based ocean carrier said the two vessels will be the first of their kind to serve the Hawaii-Mainland trade lane, operating fully on liquefied natural gas from day one in service.