Drewry research conducted on behalf of software provider CargoSphere found that forwarders spend about $500 million a year on ocean freight rate acquisition and management.
American Shipper’s sister publication, the Adam Smith Project, wrote Monday about the dangers of recalibrating trade statistics to suit policy initiatives.
Chief Executive Officer Ted Fick resigned earlier this month amid a Washington State Auditor's Office investigation into an alleged $4.8 million in potentially illegal payouts to port employees.
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Two Floridian ports changed plans on inking deals with the Cuban government after Florida Gov. Rick Scott said he would recommend restricting state funds for ports that work with Cuba.
The $320 million project at the Virginia International Gateway container terminal has officially launched, and a $350 million expansion project at Norfolk International Terminals will begin in July.
PortMiami’s box volume for the fiscal year ended Sept. 30 was slightly below that handled at nearby Port Everglades.