Public ports in the United States play an important role in local and regional economies throughout the nation. They generate business development and provide employment to more than 13 million Americans, which includes those that work at the ports themselves and those employed in global trade and import/export support services. According to the American Association of Port Authorities, U.S. business activities related to waterborne commerce contribute more than $3 trillion to America’s economy. Seaport activities alone account for tens of millions in federal, state and local tax revenues. There are approximately 360 commercial ports that serve the United States, according to the U.S Coast Guard. Many of these accommodate ocean-going cargo, as well as barges, ferries and recreational watercraft. More than 150 deep draft seaports are located along the Atlantic and Pacific Oceans as well as the Great Lakes, the Gulf of Mexico, Alaska, Hawaii, Puerto Rico, Guam and the U.S. Virgin Islands. The Port of South Louisiana ranks first in cargo volume (in tonnage) among U.S. Ports, followed by the Port of Houston, Texas and the Ports of New York and New Jersey (Port Newark). Many of the country’s most prominent ports work closely with private industry in the development and financing of maritime-related facilities. More than 60 U.S. ports are now nearing the end of a five-year infrastructure development project created to expand and modernize their facilities for more efficient cargo movement. A by-product of this effort, beside additional job creation, is helping to make American exports more competitive overseas. America’s port authorities play a key role in the business of waterborne commerce. Their authority may also incorporate other global trade hubs such as airports, industrial parks and Foreign Trade Zones. Since 9/11, there has also been a renewed appreciation of the role that port authorities play in national security.
Surge in U.S. Inbound Containers Signals Economic Growth in 2024
In the opening months of 2024, the United States has witnessed a significant surge in inbound container volumes, signaling robust… Read More
FMC Briefed on Supply Chain Innovation Team Launch
Federal Maritime Commissioner Rebecca Dye recently briefed her fellow commissioners on the upcoming May 3 launch of the FMC’s Supply… Read More
Port Elizabeth’s Maher Terminals to be Sold by Deutsche Bank
Deutsche Bank has reached an agreement with Macquarie Infrastructure Partners III (“MIP III”), a fund managed by Macquarie Infrastructure and… Read More
SCPA Container Volume Climbs Nearly Four Percent
The South Carolina Ports Authority reported a 3.8 percent increase in twenty foot-equivalent unit (TEU) volume fiscal year to date,… Read More
Port of Portland, Oregon, Approves 14-Acre Logistics Center Lease
Oregon’s Port of Portland Commission has approved a 14-acre, 50-year lease with locally based Capstone Partners and its investment partner… Read More
Philadelphia Hosts First Meeting of Governor’s Port Advisory Committee
Philadelphia Regional Port Authority (PRPA) board chairman Gerard H. Sweeney hosted the inaugural meeting of the Port of Philadelphia Advisory… Read More
First Trains Arrive at JAXPORT’s New Rail Terminal
The port of Jacksonville’s newly completed Intermodal Container Transfer Facility (ICTF) at Dames Point is being used in support of… Read More
Port Manatee Container Volume Up 36 Percent
Port Manatee’s dynamic growth as a vibrant cargo gateway continues, with the Florida Gulf port reporting a 36 percent year-over-year… Read More
U.S. Ports Plan Big Investments in Capital Projects
In its recently released 2016-2020 Port Planned Infrastructure Investment Survey, the American Association of Port Authorities (AAPA) asked its U.S…. Read More
New Lineage Logistics Facility in Charleston Opens Doors
Lineage Logistics, LLC, a warehousing and logistics company, opened the doors on its 180,000 square-foot cold storage distribution center in… Read More
PortMiami’s Cargo Services Continue to Expand
The 2M Alliance, comprised of Maersk Line and Mediterranean Shipping Co., recently announced the launch of a new service, the… Read More
Port of Philadelphia Cargo Figures Indicate Continued Growth
Cargo volumes handled at the Port of Philadelphia has grown for the sixth consecutive year, and, for the first time… Read More
« Previous 1 … 35 36 37 38 39 … 51 Next »