Registration takes less than 1 minute.
The Transpacific Stabilization Agreement's 15 members plan a $1,200-per-FEU rate hike on Asia-U.S. West Coast trade Jan. 1 and want a minimum rate of $1,700 per FEU to the U.S. West Coast in 2016-17 contracts.
Legislators had hoped to pass a multi-year bill by Thanksgiving, but instead opted for a measure to extend federal transportation spending through Dec. 4 to avoid a funding shutdown when the current three-week authorization expires Friday.
Port Everglades retained its spot as the top container port in Florida, but PortMiami has closed the gap with a 15 percent jump in volumes to 1 million TEUs during the same 12-month period.
Industry groups said they are willing to work with the port to speed cargo through POLB, but expressed concern about how the plan might affect shippers, who want to pick up containers faster but say getting chassis and trucking capacity can be difficult.
U.S. Agriculture Secretary Tom Vilsack said at the conclusion of the JCCT meeting Monday that China indicated it will review 11 biotechnology applications and continue the dialogue on U.S. beef.
Port of Miami Terminal Operating Company, the only non-carrier affiliated terminal, saw its volumes double to 22,225 TEUs, the largest percentage gain among the three container terminals at the South Florida port.