Effective October 1, 2014, the name of the Port of New York/New Jersey’s Global Terminal will become known as GCT Bayonne.
The Port of New York and New Jersey (PONYNJ) plays a key role for commerce on the US East Coast. It particularly serves the local New York metropolitan area – a location that encompasses nearly 20 million people, the largest in the United States.
Rail intermodal - the transporting of shipping containers and truck trailers on railroad flat cars - is on a roll and growing rapidly. In fact, according to the Association of American Railroads, U.S. rail intermodal volume in 2013 was a record 12.8 million containers and trailers, breaking the previous record set in 2006.
Break bulk is up at South Carolina Ports Authority (SCPA). Figures for the Port of Charleston’s break bulk activity for FY 2014 totaled 763,230 pier tons, which was 3.63 percent over plan. In fact, SCPA increased non-containerized cargo 62 percent in the last three years, and doubled non-container cargo in the last four.
Brazil has been in the spotlight lately. With the conclusion of the highly popular 2014 World Cup, all eyes are now on the 2016 Olympics that will be held in Rio de Janeiro. Given these two worldwide sports events, it would appear that this South American BRIC nation – one of the four fast worldwide moving economies that also includes Russia, India and China, is in the catbird seat for economic development, global expansion and international trade.
The US Export-Import (Ex-Im) Bank could be on the chopping block. And if it goes, so could some significant export deals which will impact logistics and trade.
The term “next generation distribution center” is the latest buzz word in the DC and warehousing industry. While one may speculate just what “next generation” means, those close to the industry remark that there’s no generic definition because there are a variety of different uses.
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