Last month’s deal between the agency running Canada’s largest container port and the terminal operator tenant ends a years-long legal battle over development of the Robert Banks Terminal 2 and GCT’s separate plan to build a fourth berth at its Deltaport facility.
Strong regional cargo demand, buoyant market sentiment and higher bunker costs signal continued upward movement on intra-Asia rates, executives and analysts warn.
More than 36% of deliveries from stores arrived in three hours or less in Q1, with quicker speeds fueling customer engagement, EVP and CFO John David Rainey said.
Class I railroads will soon need to report two additional metrics, which a former BNSF director said could boost service transparency.
Caterpillar and Deere are key global manufacturers of high-and-heavy cargo and considered bellwether companies for the ro/ro breakbulk shipping segment.
Spot rates on the corridor hit their highest level of the year in the first half of May, but there are mixed views on whether demand will continue into the summer.
The company has started commissioning its New York plant and expects to ramp up hot mill production in the coming weeks.
Industry sources say operations have been affected by yard congestion and associated delays in inter-terminal transfer activity, which is an integral part of transshipment operations.
Vessel operators are banking on rising demand for ships to support the growth of wind farm installations over the next decade.
A lawsuit aims to revive the exemption and land refunds on all tariffs for shipments that would have qualified, but the Justice Department offered a rebuttal.
