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Acquiring Greensboro, N.C.-based M33, which specializes in logistics for the packaging, chemical and advanced materials sectors, will expand Transplace’s reach into other sectors and geographical regions.
A report from the Working Group for the Fiscal and Economic Recovery of Puerto Rico, established by Governor Alejandro García Padilla, said a Jones Act exemption would "reduce transportation costs and increase competitiveness."
Mid-size importers are not likely to shift cargo from the West Coast of the United States to East Coast ports because it is cost prohibitive, according to logistics expert Stephen Craig.
The TPP agreement, which includes the United States and 11 other countries in the Pacific Rim and the Americas, covers a range of industries and promises to reduce or eliminate tariffs and quotas on numerous products.
The ECT City Terminal, the oldest container terminal at the Port of Rotterdam, closed its doors last week as a result of not being able to handle the increases in scale in container shipping.
Year-over-year throughput of crude oil and other petroleum products dropped 22 percent last week compared to the same period last year, according to the American Association of Railroads.