Kearney's annual State of Logistics report estimates that sea level rise and inland flooding could cost the logistics industry billions annually by 2050.
The new terminal — which is still in the federal permitting process — is expected to open in 2028, and will accept as many as 280,000 containers each year.
Red Sea diversions have had many carriers pulling shipping schedules forward in anticipation of future disruptions in the region, but that is unlikely to last.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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