by George Lauriat Jun 25, 2018
The trade war almost no one wants…
There are few manufacturing sectors as international in nature as the automotive industry. And as nearly everyone knows, a trade war isn’t good for a business whose supply chains griddle the globe like a roll of yarn. But…
Agri-business: China plays its trump card
Beijing’s assault on US agricultural exports is blatantly designed to get the Trump Administration’s attention.Tit for Tat. In early April, the USTR (United States Trade Representative) released a list of $50 billion worth of Chinese electronics, machinery and aerospace products for a recommended 25% import tariff. On April 2nd, immediately after the US steel and aluminum tariffs went into effect, China responded with tariffs on imports of 128 US product lines.
ONE brand new company
Ocean Network Express Pte., Ltd, better known as ONE, is a brand new company. Jeremy Nixon, the CEO of the container ship operator, stressed the point in an interview with the American Journal of Transportation (AJOT) at their brand new headquarters in One East Tower in Singapore.
Prosperous Northeast and New England
The Northeast is one of the world’s great economic regions. The region’s GDP is climbing. And a trend is emerging – corporations moving from the suburbs back to the city. Will this trend be a generational change or challenge?
Port of Boston continues remarkable run
New England’s Port. The Port of Boston, specifically Massport’s container facility at Conley Terminal, is New England’s port. For years, it might have been debatable whether the Port of Montreal in Canada or the Port of New York/New Jersey was really New England’s port but not now. That day has passed.
CPA looks for new opportunities for Connecticut ports
Table setting. The Connecticut Port Authority (CPA) is relatively new. The authority wasn’t formed until 2015 and didn’t hire the new port director, Evan Mathews, until September of 2016.
Port of Davisville roars ahead with development
Two years ago, the $50 million bond measure for infrastructure projects at the Port of Davisville was approved by Rhode Island voters. With the approval in hand the implementation of the $90 million modernization plan, particularly the critical rehabilitation and modernization of Pier 2, has moved forward.
DCLI acquisition of TRAC Intermodal’s 53-foot domestic chassis fleet key to a larger plan
On January 11, 2018, Direct ChassisLink Inc., better known as DCLI, completed the purchase of TRAC Intermodal’s 53-foot domestic chassis fleet. DCLI’s intention to purchase the TRAC units was made in late October 2017 before last month’s closing. The purchase price for the chassis fleet was not disclosed.
Port Newark Container Terminal successful close on tax-exempt bond paves way to future terminal development
In late December 2017, Port Newark Container Terminal LLC (PNCT) secured $298 million in tax exempt bond proceeds that will be used to refinance existing debt and to finance the ongoing development of the terminal.
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