Port News

Foot Locker Cites Port Congestion for Nearly 24% in Inventory (Supply Chain)

Regional Report: Southeast Ports Expand Capacity (Area Development)

Philaport Breaks Ground On Near Dock Warehouse In Capacity Expansion Push (Port Tech)

Ports Continue to Set Records; Congestion Worsen on West Coast (TT News)

Port of Virginia Wins $15 Million Contract for Military Cargo (Freightwaves)

Steamship/Tug

Container Ship Operators are Betting on China’s Factory Resurgence (WSJ)

Ocean Carriers Take Heat for Profiting Handsomely While Service Plunged (Freightwaves)

Multipurpose Vessels Making a Comeback in 2021? (AJOT)

MSC Breaks Its Reefer Volume Record in 2020 (Port Tech)

Truck/Rail

Trucking Boom Prompts Old Dominion to Add 1200 Drivers and Dock Workers (Freightwaves)

Logistics/Supply Chain

Avison Young Negotiates a Sale of 587,000 Sq Ft Charleston SC Industrial Facility (DC Velocity)

US Factory Orders Surge, but Business Spending on Equipment Slows (Hellenic Shipping)

Global TMS Revenues to Nearly Double by 2025 (DC Velocity)

FMC: Injecting More Containers Won’t Solve Supply Chain Woes (Supply Chain)

Trade

US Trade Deficit Widened in January as Americans Bought More Imported Goods (WSJ)

Commerce

King Machine Expands Sumter Manufacturing Complex (Area Dev)

On Time Distribution LLC Establishing Operations in Clarendon County (SC Commerce)