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Port of Virginia, major shipping hub for US commerce, plans big expansion

The Port of Virginia is one of the most significant ports in the United States. It facilitates £242 million worth of commerce a day, and a full 9 percent — or 343,000 — of Virginia’s jobs are port-related.

But there’s a problem. It’s not big enough.

Not when cargo ships have gotten bigger, which threatens both business and safety. Experts say deepening and widening of the port at its channel is crucial. Rick Wester, captain of the Port of Virginia, notes the channel isn’t wide enough with ships double or triple the size they were a decade ago. “About three of four times a week, whenever [the biggest ships] enter or leave port, I have to impose one-way traffic because it’s just too narrow for them to meet any other ships,” he said.

Furthermore, the channel is only 50 feet deep, which means many of the larger ships would run aground if fully loaded. Wester explains, “These ships draw 55 feet [so] we don’t allow them to come into port… they can only partially load both coming in and leaving–they’ve not using their capacity.” Over 114,000 U.S. businesses rely on goods from the Port of Virginia, but the channel is limiting its ability to expand.

Thus there’s a plan to dredge and widen the waterway — it’s even caught the attention of President Trump, who stated the port “could be one of the best in the world if they invested not that much money, relatively speaking.” How much is that? Around a billion dollars.

Virginia has already secured £695 million in private and state investment, and the state is asking for £300 million more from the federal government. Cathie Vick, chief public affairs officer for the Virginia Port Authority, believes they’ve got plenty of room for growth. There are already approximately two million containers coming through every year, and they hope to add a million more.

As Vick puts it, “With almost 8 percent growth last year we’ve got a plan for the future [and] we’re on our way to being the second biggest port on the East Coast.” Vick also notes that the extra capacity created by a reconstructed channel would allow for a new terminal — which could be built with the dredge material from the widened channel. In general, she believes more money for the Port of Virginia would be a win-win.

It would create more than 54,000 jobs in Virginia and elsewhere, and, once there’s greater capacity to trade, help reduce prices for consumers across America. To Vick, then, federal funding for the expansion is an idea well worth floating. Fox News’ Steve Kurtz contributed to this report.

Douglas Kennedy currently serves as a correspondent for FOX News Channel (FNC).

He joined the network in 1996 and is based in New York.

MIA Named Best Airport in North America for Cargo Logistics

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Airport recognized at Asian Freight, Logistics and Supply Chain Awards in Shanghai

MDAD Trade and Logistics Chief Emir Pineda accepts MIA’s AFLAS award for Best Airport in North America On May 15, Miami International Airport was named Best Airport in North America at the 2018 Asian Freight, Logistics and Supply Chain (AFLAS) Awards[1] ceremony in Shanghai, in recognition of its excellence in the global air cargo sector over the past year. The awards program, hosted and organized annually by industry publication Asia Cargo News, recognized leading cargo logistics service providers including air and shipping lines, air and seaports, and other associated industry professionals.

The nomination and voting process, according to Asia Cargo News, allowed more than 10,000 readers and e-news subscribers of the publication to determine the leading organizations in the market and then select the winners – making the award results from the opinion of service users rather than a panel of judges. MIA was chosen from a group of four finalists that also included Chicago O’Hare International Airport, Seattle-Tacoma International Airport, and Vancouver International Airport. “Congratulations to MIA for receiving more well-deserved recognition because of its world-class cargo operations,” said Miami-Dade County Mayor Carlos A.

Gimenez. “Miami-Dade County is incredibly fortunate to have America’s busiest international freight airport – and one of the world’s top 10 – within our community.” MIA achieved its best year ever for freight tonnage in 2017, with 2.24 million total tons – a three-percent increase over 2016. The airport benefitted from four new international cargo carriers launching service last year: Etihad Cargo began weekly freighter flights between Miami, Amsterdam and Abu Dhabi in November; TACA Peru began four weekly freighter flights from five South American cities in August; Mexico-based Aeronaves TSM commenced 10 weekly flights from Cancun in March; and Qatar Airways launched two weekly cargo flights from Doha, with stops in Luxembourg, Sao Paulo, Buenos Aires, Quito, and Liege, last February.

Most recently, Southern Air began weekly all-cargo service between Hong Kong and MIA via Anchorage last month, and Skybus launched weekly cargo service to Peru in January. In the last two years, MIA has introduced a host of innovative cargo initiatives, including approval by the U.S. Department of Commerce to designate the airport land parcel as a Foreign Trade Zone[2] magnet site; the formation of an e-commerce task force workshop[3] with local air cargo industry stakeholders, with the goal of establishing Miami-Dade County as one of the world’s leading e-commerce hubs; Florida’s first-ever ocean-to-air perishables trans-shipment program[4] last February, which allows perishable freight from local seaports to be trucked to MIA and depart by air without Customs duties; and MIA’s pharma hub[5] designation by the International Air Transport Association (IATA), which certifies that pharma products are transported in accordance with global best practices.

“It is an honor to be named Best Airport in North America by the readers of Asia Cargo News, especially given the caliber of the other airports shortlisted for this award,” said Miami-Dade Aviation Director Lester Sola. “We are proud to be an example of excellence in the air cargo sector, and we look forward to strengthening trade and commerce even more within our world region.” Written by leading transport and cargo industry journalists, Asia Cargo News is a vital source of intelligence for cargo, logistics and supply chain companies located in and doing business in Asia. The newspaper includes a range of in-depth features, news, and analysis designed to meet the information needs of industry decision-makers.

“Thousands of shippers and industry experts have voted, making the results a true reflection of industry expertise,” said Asia Cargo News publisher Darren Barton. “The response was overwhelming.”


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Click Here[6]MIA Named Best Airport in North America for Cargo Logistics


MIA Named Best Airport in North America for Cargo Logistics

References

  1. ^ 2018 Asian Freight, Logistics and Supply Chain (AFLAS) Awards (www.asiacargonews.com)
  2. ^ Foreign Trade Zone (news.miami-airport.com)
  3. ^ e-commerce task force workshop (news.miami-airport.com)
  4. ^ ocean-to-air perishables trans-shipment program (news.miami-airport.com)
  5. ^ pharma hub (www.miami-airport.com)
  6. ^ Click Here (communitynewspapers.com)

Global Air Cargo & Freight Logistics Industry Sales, Revenue, Gross Margin, Market Share, by Regions (2013-2025)

(EMAILWIRE.COM, June 14, 2018 ) Global Air Cargo & Freight Logistics Market report is replete with detailed analysis from a thorough research, especially on questions that border on market size, development environment, futuristic developments, operation situation, pathways and trend of Air Cargo & Freight Logistics. All these are offshoots of understanding the current situation that the industry is in, especially in 2018. The will chart the course for a more comprehensive organization and discernment of the competition situation in the Air Cargo & Freight Logistics market.

As this will help manufacturers and investors alike, to have a better understanding of the direction in which the Air Cargo & Freight Logistics Market is headed.
Access complete report at: https://www.themarketreports.com/report/global-air-cargo-freight-logistics-sales-market-report-2018

With this Air Cargo & Freight Logistics Market report, one is sure to keep up with information on the dogged competition for market share and control, between elite manufacturers. It also features, price, production, and revenue. It is where you will understand the politics and tussle of gaining control of a huge chunk of the market share.

As long as you are in search of key Industry data and information that can readily be accessed, you can rest assured that this report got them covered. Key companies profiled in this report are Bollore Group SDV, Cathay Pacific Airlines, CEVA Logistics, China Airlines, DB Schenker, Deutsche Post DHL, Expeditors International, FedExoration, Korean Airlines, Kuehne + Nagel International, Deutsche Lufthansaand others.
Purchase a copy of this report at: https://www.themarketreports.com/report/buy-now/1181126[3] When taking a good look at this report, based on the product, it is evident that the report shows the rate of production, price, revenue, and market share as well as of the growth of each product type.

And emphasis is laid on the end users, as well as on the applications of the product. It is one report that hasn’t shied away from taking a critical look at the current status and future outlook for the consumption/sales of these products, by the end users and applications. Not forgetting the market share control and growth rate of Air Cargo & Freight Logistics Industry, per application.
All the queries about this report can be asked at: https://www.themarketreports.com/report/ask-your-query/1181126[4]

List of Chapters:
1 Air Cargo & Freight Logistics Market Overview
2 Global Air Cargo & Freight Logistics Competition by Players/Suppliers, Type and Application
3 United States Air Cargo & Freight Logistics (Volume, Value and Sales Price)
4 China Air Cargo & Freight Logistics (Volume, Value and Sales Price)
5 Europe Air Cargo & Freight Logistics (Volume, Value and Sales Price)
6 Japan Air Cargo & Freight Logistics (Volume, Value and Sales Price)
7 Southeast Asia Air Cargo & Freight Logistics (Volume, Value and Sales Price)
8 India Air Cargo & Freight Logistics (Volume, Value and Sales Price)
9 Global Air Cargo & Freight Logistics Players/Suppliers Profiles and Sales Data
10 Air Cargo & Freight Logistics Manufacturing Cost Analysis
11 Industrial Chain, Sourcing Strategy and Downstream Buyers
12 Marketing Strategy Analysis, Distributors/Traders
13 Market Effect Factors Analysis
14 Global Air Cargo & Freight Logistics Market Forecast (2018-2025)
15 Research Findings and Conclusion
16 Appendix
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References

  1. ^ EMAILWIRE.COM (www.emailwire.com)
  2. ^ https://www.themarketreports.com/report/global-air-cargo-freight-logistics-sales-market-report-2018 (www.themarketreports.com)
  3. ^ https://www.themarketreports.com/report/buy-now/1181126 (www.themarketreports.com)
  4. ^ https://www.themarketreports.com/report/ask-your-query/1181126 (www.themarketreports.com)
  5. ^ https://www.themarketreports.com/ (www.themarketreports.com)

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