The port also saw the number of imported TEUs handled increase by 7% year-over-year to more than 433,000 TEUs, the first year-on-year increase in more than a year.
Andrew Petrisin, supply chain advisor with the U.S. Department of Transportation, describes the role of the agency's Freight Logistics Optimization Works (FLOW) initiative.
Dun & Bradstreet found that midsized businesses are slightly more optimistic than small and large-sized companies and that global demand is expected to weaken.