The mid-Atlantic port handled 2.56 million tons of general cargo during the first quarter of 2017, up 5 percent year-over-year, primarily due to an increase in car and container throughput.
The Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act is sponsored by U.S. Sens. Roy Blunt, R-Mo., and Mark Warner, D-Va.
London-based Shipamax, a participant in the logistics technology accelerator Dynamo's initial program last year, is aiming to digitize dry bulk broker processes.
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Japanese ocean carrier Mitsui O.SK. Lines in March agreed to purchase 2,000 40-foot (FEU) and 200 20-foot (TEU) refrigerated containers, MOL said in a statement Friday.
The ocean carrier industry has seen unprecedented changes in the past year or so, but will rapid consolidation and a reshuffling of alliances actually allow carriers to raise rates and begin the long climb back to profitability?
Container freight rates in the eastbound transatlantic trade jumped 33 percent from last week, while China-U.S. West Coast prices grew 11 percent, according to the latest data from the Freightos International Freight Index.