The Canadian government has announced funding of $150 million for the Port of Montreal’s massive Contrecoeur terminal project whose cost has reportedly ballooned from C$950 million to over C$1.4 billion.
U.S. West Coast ports could benefit due to import shipments from Asia to the U.S. East Coast being delayed just as the Christmas season approaches according to British-American Shipping CEO Paul Snell.
During his four-day visit to New York in the third week of September, primarily, to participate in the 78th United Nations General Assembly (UNGA), Malaysian Prime Minister Anwar Ibrahim availed of his presence on US soil to pitch for Malaysia as an attractive investment site for US companies looking to diversify their production and other business operations in Asia.
Any business that is dependent in some way on a vehicle is suffering from an array of challenges right now – and that’s true whether it’s a plumbing business with two or three trucks on the road, or a delivery company that relies on thousands of them.
For starters, there are supply chain issues that make getting a vehicle in the first place difficult (read as: limited inventory at dealer lots and long wait times for specific makes and models if you happen to be choosy about what vehicle you want).
These same supply chain kinks can make finding a replacement part when a component fails a painful and drawn-out affair. If you're a small business whose vehicle breaks down and the part is on backorder, what do you do? Hang a “Gone fishing” sign on your front door and twiddle your thumbs for a couple weeks?
At the same time, labor shortages mean drivers are hard to find, as is the skilled labor to maintain the vehicles and keep them roadworthy. In a time of ongoing budget cuts, this means that many companies – large and small – are being forced to “do more with less”, stretching their already thin resources.
The Port of Long Beach’s newly elected Harbor Commission President Bobby Olvera Jr, also a Vice President in the International Longshore and Warehouse Union (ILWU), says he sees no reason to rush into the adoption of off-shore wind in California without a careful review.