The container terminal operator posted a cargo throughout of 61.7 million TEUs at its container terminals in 2015, a 2.4 percent increase from 2014 on a like-for-like basis.
The company’s board elected current CEO David Abney to succeed the retiring Scott Davis as chairman and appointed William Johnson to the newly created position of lead independent director.
Carload traffic dropped 16.6 percent in January, but intermodal traffic grew 3.4 percent compared with January 2015, according to data from the Association of American Railroads.
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Construction and congestion issues resulted in fewer ships using shore power at the TraPac Terminal in the Port of Los Angeles, according to Executive Director Gene Seroka.
The trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam at a meeting in Auckland on Wednesday signed the Trans-Pacific Partnership agreement.
Should big ports combine terminals to better handle big ships and the concentrated box volumes they throw off?