Real estate prices to build distribution centers near major marine ports and intermodal ramps jumped double-digits in 2017, according to commercial real estate firm CBRE, as demand outstrips supply due to a retail supply chain increasingly tied to e-commerce and speed.
January 8, 2018Business
Truck Turn Times Up One Minute in June as Cargo Volumes Grow Again at L.A., Long Beach Ports
The average time it took a trucker to enter and exit the ports in Los Angeles and Long Beach, Calif., inched up one minute in June from the same month in 2016, although data from the Harbor Trucking Association revealed encouraging signs that drivers are moving quicker than a year ago.
July 17, 2017Business
Expanded Panama Canal: Huge Ships, Port Projects but Experts Unsure of Its Impact a Year In
One year into operations of the expanded Panama Canal, the freight transportation world has witnessed leviathan containerships, gargantuan land-based cranes and dredging projects along the U.S. East and Gulf Coasts, but intermodal shipping professionals say it’s too early to quantify the precise impact of the massive infrastructure project.
July 6, 2017