Ports America Said to Explore Sale Valuing Company at $1 Billion
Ports America, the closely held maritime terminal operator, is exploring a sale, people with knowledge of the matter said.
L.A. Mayor Forms Advisory Committee for Sustainable Port Growth
Los Angeles Mayor Eric Garcetti announced a new 10-member advisory committee to help the Port of Los Angeles reduce carbon emissions and produce a guide for sustainable growth.
July 12, 2016Coal's Hard Slide Felt at Port in Hampton Roads
Coal exports from the port in Hampton Roads continued to tank in the first six months of 2016, following a portwide, year-over-year drop of about 35% in 2015.
Rhode Island Voters to Decide on Spending $20 Million for Port Upgrades
Before the Providence port can expand, voters would need to endorse Rhode Island's vision in November by approving the $20 million purchase of up to 25 acres of property to expand the city’s port.
Low Oil Prices Slow Cargo Flow, But Houston Port Prepares for Growth
Low oil prices slowed the volume of general cargo the Port of Houston Authority handled in the first five months of the year, commissioners said June 28.Yet, signaling long-term confidence, the Port Commission also awarded a contract for up to $34.4 million to buy three cranes for its Bayport Container Terminal.
Port of New Orleans to Play Second Banana Again? Chiquita Considering Leaving
Two years after a celebrated homecoming, Chiquita Brands International is considering moving its cargo business elsewhere. This left Port of New Orleans, Louisiana, officials scrambling May 11 to try to keep the company from again leaving the city that was once the country’s top banana importer.
Port of Los Angeles April Container Cargo Dips 1%
The Port of Los Angeles reported a 1% drop year-over-year in volume that included a 4.7% rise in imports.
May 12, 2016Container Cargo Imports Grew in First Half of Year, New Report Projects
A new report is projecting that import shipments in the first half of the year grew 1.4% on the strength of a February surge in containerized cargo shipments.
May 12, 2016Texas’ Port Freeport Stakes Its Claim on Cargo Boom
The idea of Port Freeport — 60 miles due south of downtown Houston on a marshy stretch of Texas Gulf Coast — as a titan of foreign trade might sound bananas.
Competitors Eating into L.A. Ports' Dominance
Early morning on April 19, the massive Maersk Edmonton moored at the nation's biggest cargo terminal, in the Port of Los Angeles. At 8 a.m., around 200 workers, operating nine cranes, swarmed the 1,200-foot-long containership.