The Port of Savannah plans a $410 million overhaul of one of its sprawling terminals to make room for loading and unloading larger ships while focusing its business almost exclusively on cargo shipped in containers.
December 5, 2022Global Freight
Savannah Port Terminal to Get $410 Million Upgrade Amid Big Growth
3PLs Make Debut on Global Freight 50
While the worst of the global supply chain snarls brought on by the COVID-19 pandemic now appear to be in the rearview mirror, it鈥檚 still not business as usual for international freight.
November 30, 2022Shipping Prices Fall in Inventory Glut, Upping Broker Deals
U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry. Shipping rates that spiked during disruptions caused by the pandemic have plummeted as inventory gluts across the U.S. lowered demand.
November 28, 2022Federal Maritime Commissioners Praise Growth at Port of Mobile
Two members of the Federal Maritime Commission praised the growth, diversity and import-export balance of the Port of Mobile during a visit on Nov. 16.
November 17, 2022FedEx Freight Unit Furloughs Workers as Cargo Demand Slows
FedEx Corp.鈥檚 freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.
November 14, 2022Supply Chain Woes Accelerate Reshoring, Nearshoring Trend
The impact of the COVID-19 pandemic followed by supply chain disruptions around the world has sparked a resurgence of companies bringing sourcing and manufacturing back to the United States or closer to U.S. shores.
November 4, 2022Top North American Seaports and Airports Realize Record Volumes
Seaports and airports across North America experienced record-breaking volume in 2021 amid growing consumer demand.
November 4, 2022A Clouded Outlook for Global Freight
Describing global supply chains as 鈥渧olatile鈥 for the last two years is an understatement. Glimmers of hope are emerging, but anxiety grows over whether freight volumes can maintain traction amid high inflation and economic uncertainty.
November 4, 2022German Government Settles Internal Dispute Over Port Stake Sale to China
The German government is close to reaching a compromise over a disputed sale of a stake in a Hamburg container terminal to China鈥檚 state-owned shipping conglomerate Cosco Shipping Holdings Co.
October 25, 2022Alabama Port Study Highlights Growth, Economic Impact
The Alabama State Port Authority has released a new study showing significant growth in jobs, tax revenue and general economic impact since 2019, underscoring the port鈥檚 place as a major economic driver in the state.
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