Gulf Coast Ports Continue Strong Gains
Gulf coast ports have continued to trend upward with container volumes from October through November. This can be attributed to an increase in imports such as steel, plywood, and bagged goods, as well as an increase in exports of petroleum and crude oil. “Our volumes continue to be strong — we continue to hear about […]
Ocean Shipping Reform Act Passed House of Representatives
For the first time since 1998, the regulations governing U.S. container trades have received an overhaul. With an overwhelming approval of 369-42, the U.S. House of Representatives passed the Ocean Shipping Reform Act (OSRA) of 2022, which President Biden is expected to sign soon. TA President and CEO, Chris Spear, said that the Federal Maritime […]
GPA Expands Container Capacity
The Covid-19 pandemic dragged infrastructure issues directly into the spotlight, one of them being the dire need for capacity expansion at ports; An issue that was exacerbated by equipment shortages, labor shortages, and various supply chain disruptions. The Georgia Ports Authority (GPA) has unveiled a plan to increase container capacity at the Port of Savannah […]
Container Shipping Rates Soar, Cause for Concern for U.S. Exporters
Container shipping rates have increased over 500% when compared to a year ago. The rapid increase in Delta-variant Covid-19 outbreaks in several countries has slowed container turnaround rates significantly. With other natural occurrences, such as typhoons and hurricanes happening across the globe, it has only served to complicate supply chain operations further. “These factors have […]
