Maersk cuts import box dwell time at US ports to nine days
Maersk has shortened its import containers dwell time at key US terminals from 14 days ...
After APMT sells Virginia to managed investment funds, is there a new boom time for US terminals? Yes, according to transport analyst Drewry. It says that the US container terminal sector is once again a hot spot for acquisitions and mergers. In its weekly Container Insight report Drewry says that the M&A activity in the US port sector is currently at its highest level since the pre-financial crisis boom time of the mid-2000s. However, it notes that the rationale for today’s deals is different in that there are no longer expectations of double-digit growth; rather prices are lower, terminal tariffs remain some of the highest in the world, the US is low-risk and finally, cost-cutting automation is gathering pace at US ports.
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