In 1960 America held 16.9 percent of the world’s tonnage with 2,926 cargo vessels and tankers, against a total capacity of 17,317 vessels worldwide. At the turn of the century that number had dropped to 282 vessels registered under the U.S. Flag.
While estimates of total economic losses related to Hurricane Harvey are climbing to nearly $200 billion, major Texas seaports have shown their resiliency, sustaining minimal damage to port infrastructure and with most operations having resumed by a week and a half after the storm’s initial landfall.
Following a Labor Day weekend that had railroad crews continuing to be busy in recovery efforts from Harvey, rail operations have resumed in much of Texas, in some cases on a limited basis, with those in the far eastern part of the Lone Star State looking to be the last to get back online.
Maersk's recent attack left a black mark on the reliability of global documentation. Working through the backlog of issues, the mega carrier admitted this attack took its toll not only on container operations but on customer confidence. If a transport giant like A.P. Moller could be hit with the Petya virus, what are the chances that your data can remain secure?
Port of Los Angeles Executive Director Gene Seroka told AJOT he expects a record number of containers to be handled by the Port in 2017: “We expect 2017 to be a strong year and we are looking at a 9% increase over Calendar Year 2016.”