• What’s the port worth to Va.? Researchers are on it.

    “Annually, port-related business provides over 343,000 jobs, $41 billion in revenues, $13.5 billion in payroll compensation, and $1.2 billion in local tax revenues.”Virtually the same sentence – with an exception in 2008, when the $41 billion figure was left out – has been recycled in the past seven annual reports released by the Virginia Port Authority.

  • Norfolk shipyard sued over racial slur allegations

    NORFOLKSix former employees of Lyon Shipyard allege in a lawsuit a hostile and racist work environment with frequent use of racial slurs and references to slavery and neo-Nazi and KKK activities.The lawsuit, filed Tuesday in U.S. District Court, seeks unspecified compensatory and punitive damages and lost wages.

  • Port posts another profit, but still faces hard work

    Nearly two weeks after announcing record container volumes for the month of October, the Virginia Port Authority on Tuesday reported that it also finished the month in the black, generating operating income of $314,000.That's $1.8 million better than October 2013's loss.In seven of the past eight months, the port has turned a profit.

  • Norfolk Southern buys nearly 300 miles of rail

    NORFOLKNorfolk Southern has agreed to pay $217 million to buy nearly 300 miles of track from a subsidiary of Canadian Pacific railroad.The major freight railroads announced the deal Monday.If regulators approve, Norfolk Southern will acquire 282.55 miles of rail the Delaware & Hudson Railway operates now. The track runs between Sunbury, Pennsylvania and Schenectady, New York.

  • West Coast port woes deliver iffy impact here

    Six months after they began, West Coast port labor talks were still up in the air heading into the weekend.The nation’s two biggest ports – Los Angeles and Long Beach – were so congested early last week that a dozen container ships were anchored, awaiting berths, according to The Journal of Commerce, a trade publication.



  • Falling bunker prices saving shipping industry $117 million daily, BIMCO says

    From the Journal of Commerce: The international shipping industry is only spending 0.1 percent less on bunker fuel than it was 24-weeks ago, but that fluctuation equates to big savings: $117 million daily. For an 8,000 TEU ship, the savings amount to about $20,000 per day, per ship. Ships of that size consume about 225 [...]

  • Union says West Coast ports won’t shut down, others not so sure

    Excerpts from the Puget Sound Business Journal: West Coast ports may be slower, but they will not shut down during the holiday season. That’s according to Craig Merrilees, spokesman for the International Longshoreman and Warehouse Union. “Nobody wants to shut down the ports,” Merrilees said. “Nobody on either side of the negotiating table is talking [...]

  • Trucker strike at ports of L.A. and Long Beach ends

    Striking truck drivers from two companies agreed Friday to return to work, organizers said, ending a nine-day trucker protest at the ports of Los Angeles and Long Beach. The two struck companies — Pacer International Inc. and Harbor Rail Transport — said in statements that they would not retaliate against drivers who walked off the [...]

  • Maersk establishes captive insurance company

    Maersk has joined a large number of companies and established its own insurance company to handle its own risk management. Doing so allows the company to cut its insurance costs by one third, saving 600 million kroner annually. “We have a great balance, so we absorb a lot of risk on our own,” Lars Henneberg, [...]

  • La ITF critica severamente el ataque a un sindicato por parte de la Autoridad del Canal de Panamá

    [Link to English] La ITF (Federación Internacional de los Trabajadores del Transporte) ha tachado hoy de ataque público a los sindicatos la conducta de la Autoridad del Canal de Panamá (ACP), que infringe claramente los acuerdos internacionales del país. La federación sindical mundial ha condenado el hecho de que la ACP intentara, a través [...]


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