The Port of Savannah’s Garden City terminal received the first of four new neo-Panamax ship-to-shore cranes, and the remaining three will arrive by late April.
The Memphis, Tenn.-based integrator posted a net income of $562 million on revenues of $15 billion for the third quarter of its fiscal year 2017, which ended Feb. 28, year-over-year increases of 10.8 percent and 18.1 percent, respectively.
One intermodal chassis provider, however, the North American Chassis Pool Cooperative, will maintain its current pricing for both pool and premium chassis despite increased labor costs and inventory and fleet enhancement efforts, NACPC said in a statement.
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The two ports says the plan is an "innovative collaboration that will allow us to find new ways to become more efficient and effective."
The Floridian port is ready to launch a second round of investment - this time with the goal of increasing capacity and service levels within the container yard.
Yang Ming responded by saying it has unwavering support of Taiwan’s government and has "proactively reorganized internally to effectively reduce its operating costs."