More domestic and at-home consumption bend some export and demand patterns.
The development and testing phases for COVID-19 vaccines appear to be entering the home stretch. Bringing a vaccine to market in early 2021 would shatter all speed records for vaccine development.
There are a couple of competing trends taking place in the waterfront neighborhoods of Brooklyn, New York. Cargo at the Red Hook Container Terminal has grown in recent years, and the company renewed its lease with the Port Authority in 2018. Red Hook Terminals also signed a long-term lease with New York City to revitalize the dormant 65-acre South Brooklyn Marine Terminal.
As cargo recovers from pandemic lows, the port considers the way forward
The New Jersey Board of Public Utilities’ second solicitation for offshore wind power, announced in September, was no casual bureaucratic pronouncement. Activities such as these generate the demand for offshore wind power, and incentivize companies to invest in that industry.
The development of a marshaling facility was announced in June by the state’s governor. Manufacturing and O&M ports will also be required.
These transportation titans are weathering the pandemic better than many, and continue to invest in infrastructure, services, and technology.
The most costly portion of a delivery is the last 5,280 feet – the last mile and maybe the most difficult portion of the supply chain is the last fifty feet.
Reopening’s success, post-lockdown consumer behavior is a wild card.
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