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Going Green is Gaining Steam at the Ports and the Shipping Industry
It is anticipated that approximately $50 billion will be spent at U.S. ports on green infrastructure over the next decade. This is according to the American Association of Port Authorities (AAPA), the voice of more than 130 public port authorities in the U.S., Canada, the Caribbean, and Latin America.
Ports are now more interested in electric cargo handling equipment, shore power for vessels at berth, electric grid and hydrogen energy infrastructure.
And an increasing number of regulations and targets are being implemented to reduce greenhouse gas emissions...
Import Slowdown Continues as Fed Tries to Rein in Consumer Demand
With inflation continuing and the Federal Reserve hoping to cool demand through higher interest rates, imports at the nation’s major container ports are expected to fall below last year’s levels for the remainder of 2022, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
“Consumers are still buying, but the cargo surge we saw during the past two years appears to be slowing down,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Cargo volumes are solidly..."
U.S. Ports Set Another Record as Volume Remains High and West Coast Labor Contract Talks Continue
Imports set another record high this spring as the nation’s major container ports worked to reduce congestion and retailers stocked up before dockworkers’ West Coast labor contract expired, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“Cargo volume is expected to remain high as we head into the peak shipping season, and it is essential that all ports continue to operate with minimal disruption,” NRF Vice President for Supply Chain and Customs Policy Jonathan...
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