Skip to content
Search AI Powered

Latest Stories

Ocean freight industry cheers $48.4 million in federal infrastructure grants

Funding fixes docks and wharves at Port of Bellingham (WA), Puerto Rico Ports Authority, and others.

bellingham Document.jpeg

Ocean freight industry voices are cheering the latest round of federal funding grants for infrastructure projects at American seaports, totaling $48.4 million from the 2024 Rebuilding American Infrastructure with Sustainability and Equity (RAISE) award program.

The largest amount for a single site went to the Port of Bellingham in Washington State, which received almost $18 million to finalize on-dock rail connections at its shipping terminal. The Puerto Rico Ports Authority also received more than $21 million for a wharf reconstruction and resiliency project.


Three other projects included:

  • San Diego Unified Port District will receive $5 million for a Phase II Planning Project to redevelop a terminal,
  • American Samoa Government Department of Port Administration will receive $3 million to develop a Port Masterplan, and
  • The Commonwealth Ports Authority of the Northern Mariana Islands, received $1.26 million in planning grants for two berth improvement projects.

"These port infrastructure projects will reap significant benefits to our nation's supply chains and potentially transformational impacts locally," Cary Davis, president and CEO of the American Association of Port Authorities (AAPA), said in a release. “Our ports extend a heartfelt thanks to Congress, the USDOT, and all the stakeholders involved in awarding these vital funds."

Announced on June 26, the RAISE grant funding comes from the U.S. Department of Transportation (DOT) through the Biden Administration’s Bipartisan Infrastructure Law, which to date has announced some $454 billion in funding for 57,000 specific projects in 50 states, D.C., and U.S. territories.


 

 

Recent

More Stories

screen shot of AI chat box

Accenture and Microsoft launch business AI unit

In a move to meet rising demand for AI transformation, Accenture and Microsoft are launching a copilot business transformation practice to help organizations reinvent their business functions with both generative and agentic AI and with Copilot technologies.


The practice consists of 5,000 professionals from Accenture and from Avanade—the consulting firm’s joint venture with Microsoft. They will be supported by Microsoft product specialists who will work closely with the Accenture Center for Advanced AI. Together, that group will collaborate on AI and Copilot agent templates, extensions, plugins, and connectors to help organizations leverage their data and gen AI to reduce costs, improve efficiencies and drive growth, they said on Thursday.

Keep ReadingShow less

Featured

holiday shopping mall

Consumer sales kept ticking in October, NRF says

Retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, according to a National Retail Federation (NRF) analysis of U.S. Census Bureau data.

Census data showed that overall retail sales in October were up 0.4% seasonally adjusted month over month and up 2.8% unadjusted year over year. That compared with increases of 0.8% month over month and 2% year over year in September.

Keep ReadingShow less
chart of global supply chain capacity

Suppliers report spare capacity for fourth straight month

Factory demand weakened across global economies in October, resulting in one of the highest levels of spare capacity at suppliers in over a year, according to a report from the New Jersey-based procurement and supply chain solutions provider GEP.

That result came from the company’s “GEP Global Supply Chain Volatility Index,” an indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses. The October index number was -0.39, which was up only slightly from its level of -0.43 in September.

Keep ReadingShow less
employees working together at office

Small e-com firms struggle to find enough investment cash

Even as the e-commerce sector overall continues expanding toward a forecasted 41% of all retail sales by 2027, many small to medium e-commerce companies are struggling to find the investment funding they need to increase sales, according to a sector survey from online capital platform Stenn.

Global geopolitical instability and increasing inflation are causing e-commerce firms to face a liquidity crisis, which means companies may not be able to access the funds they need to grow, Stenn’s survey of 500 senior e-commerce leaders found. The research was conducted by Opinion Matters between August 29 and September 5.

Keep ReadingShow less

CSCMP EDGE keynote sampler: best practices, stories of inspiration

With six keynote and more than 100 educational sessions, CSCMP EDGE 2024 offered a wealth of content. Here are highlights from just some of the presentations.

A great American story

Keep ReadingShow less