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There appears to have been some improvement in vessel waiting times, but the Panama Canal Authority announced on Sunday it will take additional steps in an attempt to to clear the backlog of ships at the Central American waterway.
The Panama Canal Authority is providing scant details on delays carriers are facing transiting the waterway, attributing them to increased vessel traffic and fog.
Nearly half of the 250 bridges observed showed signs of “significant stress and decay,” according to a new investigative report from environmental advocacy groups Waterkeeper Alliance and ForestEthics.
The U.S. Gulf port also expects to benefit from continuing population migration to Texas and the expansion of Panama Canal, which is scheduled to be completed in April 2016.
Meanwhile, a Federal Aviation Administration task force released its recommendations regarding a registration program for unmanned aircraft systems that will affect the use of drones in both commercial and recreational settings.
Box volumes at the largest U.S. East Coast port were up 11 percent year-over-year in October, driven primarily by a 9.8 percent spike in loaded import containers.