Skip to content
Search AI Powered

Latest Stories

Port of Virginia welcomes massive container cranes

Installment at Norfollk Inernational Terminals allows the port to service multiple ultra large container vessels at once, port officials say.

Massive cranes installed at Port of Virginia

The Port of Virginia welcomed a pair of massive container cranes to its Norfolk International Terminals (NIT) this week, the final pieces of equipment needed to complete a $450 million, two- a-half-year-long renovation of the terminal’s South Berth, port officials said Thursday. The cranes increase the port’s ability to handle larger volume ships—now and down the road, officials said.

The cranes will be able to accommodate so-called ultra-large container vessels (ULCVs) that make regular stops in Virginia, as well as higher-volume “ships of the future,” according to the port. The cranes have the capacity to reach across a vessel that is 26 containers wide—three-to-four containers beyond the reach of most cranes. Port of Virginia officials said the cranes are the largest of their kind in the United States. 


The newest cranes complement existing, similar cranes at the port’s Virginia International Gateway (VIG).

“It’s a landmark moment for The Port of Virginia because it signals the completion of the overall expansion of this port that started back in 2016,” John F. Reinhart, CEO and executive director of the Virginia Port Authority, said in a statement Thursday. “With these units we’ll have significant lift capacity in the harbor and the ability to handle multiple ULCVs [ultra-large container ships] at once at both NIT and Virginia International Gateway (VIG). This benefits the port’s users and it says, very clearly, to the ocean carriers and the industry that we are prepared to handle big ships and growing cargo volumes safely, swiftly, and sustainably for decades to come.”

The Latest

More Stories

screen shot of onerail tech

OneRail raises $42 million backing for fulfillment orchestration tech

The Florida logistics technology startup OneRail has raised $42 million in venture backing to lift the fulfillment software company its next level of growth, the company said today.

The “series C” round was led by Los Angeles-based Aliment Capital, with additional participation from new investors eGateway Capital and Florida Opportunity Fund, as well as current investors Arsenal Growth Equity, Piva Capital, Bullpen Capital, Las Olas Venture Capital, Chicago Ventures, Gaingels and Mana Ventures. According to OneRail, the funding comes amidst a challenging funding environment where venture capital funding in the logistics sector has seen a 90% decline over the past two years.

Keep ReadingShow less

Featured

screen display of GPS fleet tracking

Commercial fleets drawn to GPS fleet tracking, in-cab video

Commercial fleet operators are steadily increasing their use of GPS fleet tracking, in-cab video solutions, and predictive analytics, driven by rising costs, evolving regulations, and competitive pressures, according to an industry report from Verizon Connect.

Those conclusions come from the company’s fifth annual “Fleet Technology Trends Report,” conducted in partnership with Bobit Business Media, and based on responses from 543 fleet management professionals.

Keep ReadingShow less
forklifts working in a warehouse

Averitt tracks three hurdles for international trade in 2025

Businesses engaged in international trade face three major supply chain hurdles as they head into 2025: the disruptions caused by Chinese New Year (CNY), the looming threat of potential tariffs on foreign-made products that could be imposed by the incoming Trump Administration, and the unresolved contract negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX), according to an analysis from trucking and logistics provider Averitt.

Each of those factors could lead to significant shipping delays, production slowdowns, and increased costs, Averitt said.

Keep ReadingShow less
chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

Keep ReadingShow less
chart of robot use in factories by country

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

Keep ReadingShow less