The mid-Atlantic port handled 2.56 million tons of general cargo during the first quarter of 2017, up 5 percent year-over-year, primarily due to an increase in car and container throughput.
The Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act is sponsored by U.S. Sens. Roy Blunt, R-Mo., and Mark Warner, D-Va.
London-based Shipamax, a participant in the logistics technology accelerator Dynamo's initial program last year, is aiming to digitize dry bulk broker processes.
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U.S. Secretary of Transportation Elaine Chao told a Chamber of Commerce forum the nation’s transportation infrastructure is in need of repair, and the Trump administration will share its infrastructure investment plan in the next several weeks.
Norwegian fertilizer manufacturer Yara International is planning to build a small, battery-powered containership with capacity for between 100 TEUs and 120 TEUs to move containers from fertilizer its factory to the nearby ocean ports of Brevik and Larvik.
Monitoring by the U.S. Federal Maritime Commission, however, shows individual ocean carriers within each vessel sharing alliance continue to "independently and vigorously compete on pricing," according to Acting FMC Chairman Michael Khouri.