LOCAL PORT NEWS

  • Profits up as Norfolk Southern labors to stay on track

    NORFOLKNorfolk Southern Corp. on Wednesday reported the highest third-quarter profit in its 32-year history - another sign that the nation's economic recovery remains on track.But analysts had expected more profit from the Norfolk-based railroad. Norfolk Southern's own statistics showed it struggled to keep up with a surge in shipments, especially of crude oil.

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  • Norfolk Southern CEO says rail mergers won't work

    OMAHA, Neb.Norfolk Southern Corp.'s CEO doesn't think railroad mergers are a good idea even if regulators might approve one.CEO Wick Moorman said Wednesday during a conference call on Norfolk's Southern's quarterly results that he doesn't think railroad mergers "make sense at this time."

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  • Japanese auto parts maker expanding in Virginia

    Gov. Terry McAuliffe announced a $32.6 million Virginia investment by a Japanese auto parts manufacturer Wednesday during a 10-day trade mission in Asia.Dynax America Corp. will expand its operations in Botetourt County near Roanoke, creating 75 jobs. Dynax manufactures automatic transmission components, friction disks, mating plates and assemblies.

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  • Norfolk Southern railroad 3Q profit up 16 percent

    OMAHA, Neb.Norfolk Southern Corp. delivered 16 percent higher third-quarter profit as it hauled more freight, but the railroad's results fell short of expectations because coal and pricing remained weak.The Norfolk, Va.-based railroad said Tuesday it generated $559 million net income, or $1.79 per share. That's up from $482 million net income, or $1.53 per share, last year.

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  • Virginia Port Authority feels effect of truck congestion

    The Virginia Port Authority's cargo operations squeezed out a small operating profit in September - a big turnaround from a year ago, when it lost millions. But John Reinhart, the agency's CEO, said the port needs to do a better job of managing truckers' growing movements of containers in and out of terminals.

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US & INTERNATIONAL

  • Strikes could cripple Costa Rica’s Atlantic ports this week

    [Note: SINTRAJAP union leaders have informed us that their peaceful protest today has completely shut down the Ports of Limon and Moin.] The Union of Allied Port Workers (Sintrajap) is calling for a general strike this week that could cripple the country’s Atlantic ports, spurred on with support from the union that represents workers of [...]

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  • Union solidarity, international support lead to victory in Jordan

    Arrested for standing up for their union, now freed: Photo of trade union leaders being held in a police van following last week’s police raid. Good news from ITF: The ITF (International Transport Workers’ Federation) is pleased to announce that port workers at the Aqaba Container Terminals (ACT) facility in Jordan run by APM [...]

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  • LA-Long Beach congestion pushing up outbound spot truck rates

    Excerpts from the Journal of Commerce: Congestion and delays at the largest U.S. port complex are pushing up outbound spot market truck rates from the Los Angeles-Long Beach market, according to DAT Solutions. As containers and shipments back up on the docks and in warehouses, outbound spot rates from the region are “atypically high,” said [...]

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  • Pay disputes and related grievances lead to 2-day job action at ICTSI

    The Oregonian’s voiceover of company video shows Portland’s Terminal 6 resuming operations after a 2-day job action due to pay disputes and related grievances: Read the blurb and video here Secondary video link here

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  • Port of Long Beach board directs staff to increase chassis supply

    Port of Long Beach news release: In its ongoing efforts to provide congestion relief to customers and stakeholders, the Long Beach Board of Harbor Commissioners, at its Oct. 13 weekly meeting, directed Port of Long Beach staff to develop plans for purchasing and providing thousands of truck chassis for congestion relief during peak periods. [...]

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