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- 02/13/14--06:36: Weather forces closure of NY/NJ terminals
- 02/26/14--07:02: Congestion at port of NY/NJ hits truckers hard
- 11/16/15--05:28: Quiet US ports spark slowdown fears as imports fall
Due to inclement weather and accumulating snowfall, all NY/ NJ terminals have closed for the day and are expected to remain closed until tomorrow morning, February 14, 2014.
More tan 90% of global trade moves by ship, and a lot of it moves through the port of New York / New Jersey. In recent weeks, however, port operations have been hurt not by anything occurring on the high seas, but by something happening on dry land: massive truck traffic jams.
The gridlock has been so bad that some truck drivers are complaining about waiting seven hours in line to ...
High inventory levels and weak demand are to blame for a fall in imports at the US’s three busiest ports, say industry analysts. LA, Long Beach and New York saw imports fall 10% between August and October – a season traditionally associated with a surge in volumes. This WSJ article examines whether this is a “short-term hiccup, or the “start of a sustained period of weakness”. However, FedEx and Amazon ...
The post Quiet US ports spark slowdown fears as imports fall appeared first on The Loadstar.
Financial investors in North American ports and operating terminals may face difficult choices in the next few years, as margins continue to be squeezed and returns diminish, according to a new report from AlixPartners.
Prior to the global recession, scores of institutional investors were lured to the sector and its seemingly risk-free and stable returns. That in itself created something of an asset bubble.
A series of deals saw private equity and fund managers acquire ...
The post Tough times ahead for North American port terminals as investors review their options appeared first on The Loadstar.