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Port of New York and New Jersey shatters trade record

(Source: CNBC, January 25, 2023) The Port of New York and New Jersey moved almost 9.5 million TEUs (twenty-foot equivalent units) for 2022, the first time in its history the port broke the nine-million container mark and another sign of its greater prominence in the...

U.S. to spend $703 million on improving ports

(Source: Reuters, October 28, 2022) The U.S. Transportation Department announced on Friday it is awarding $703 million for 41 port infrastructure projects in 22 states and American Samoa, according to documents seen by Reuters. Full story: Reuters