Ports

The report said that should its projections for the remainder of 2023 come to fruition, the full-year total, at 22.1 million TEU, which would mark a 13.5% annual decline compared to 2022’s 25.5 million TEU, which was off 1.2% annually compared to 2021’s all-time high of 25.8 million TEU.

The Biden administration announced Friday that it is investing more than $653 million to fund 41 port improvement projects across the nation under the Port Infrastructure Development Program (PIDP).

41 U.S. ports will share in $653 million in new investment from the federal government, the Biden administration announced last week.

The October edition of the ITS Logistics US Port/Rail Ramp Freight Index, which was recently issued by Reno, Nev.-based ITS Logistics, a 3PL focused on drayage and intermodal services, pointed to ports running smoothly and not seeing any major interruptions, coupled with an observation that the trucking market is seeing more capacity leaving the market than entering it.

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The Port of Los Angeles reported that total September volume, at 748,440 TEU, was up 5% annually, marking its second consecutive month of annual growth. The Port of Long Beach reported that September marked its highest-volume September on record, with volume at 829,429 TEU, increasing 11.8% annually, and topping the previous September high in 2020 by 78,849 TEU.

From August to September, Descartes reported that U.S.-bound container import volumes saw a 0.3% increase, coming in at 2,203,452 TEU (Twenty-Foot Equivalent Units), which the report observed differs from the decline that typically occurs over the last third of the calendar year.

With too many vessels chasing too few cargoes, volumes—and rates—have spiraled downward. Consequently, the ocean lines are scrambling to find ways to prop up profits and remain competitive

In late August, the American Association of Port Authorities (AAPA) announced that its Board of Directors announced that, effective October 1, Cary Davis will become its new President and CEO. Davis joined AAPA in November 2019 and has played key public policy roles for the organization in his roles as VP of Government Relations, General Counsel and Board Secretary.

Jonathan Daniels, CEO and Port Director for Port Everglades, joins Michael Levans, Group Editorial Director of Peerless Media’s Supply Chain Group, in a discussion revolving around the port’s continued expansion and sustainability efforts.

With an eye on bolstering United States-Mexico cross-border trade activity, Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. Robinson said today it has opened up a new facility at Texas-based Port of Laredo. The company planned and built out this facility over the last 18 months.

Overall, vessel wait times are at 164.5 hours in September, down from 228 minutes in August. But with the end of rainy season in Panama this month, the prospect of enough rain falling to restore water levels to pre-drought conditions is slim. Water levels in Gatun Lake, which the Canal draws its water from, are at 79.7 feet, off from 87.41 feet a year ago. Typically, water levels are 89 feet at the end of rainy season.

ILWU said that 75% of its membership voted in favor of approving the new contract. And it added that this new agreement protects good-paying jobs in 29 West Coast port communities, maintains health benefits, and improves wages, pensions, and safety protections.

From June to July, Descartes reported that U.S.-bound container import volumes saw a 5.1% increase, to 2,187,810 TEU (Twenty-Foot Equivalent Units), which it said is consistent with import gains seen in non-pandemic years, for Peak Season.

Stellar service steady through the storm