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Day: February 9, 2010

Matson Operating Profit Fell 36 Percent

Matson Navigation earned a fourth quarter operating profit of $13.5 million, which was down 36 percent from the $21.1 million it earned in the same quarter of 2008. Matson’s revenue slid by 2 percent to $234.8 million from...

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Locked In for Growth

Since the Panama Canal Authority announced plans in 2006 for a third set of locks that can handle ships twice as big as the current locks, the industry has been girding for the potential shift of trans-Pacific shipments to the...

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Auto Carriers Stress Multiyear Contracts

Unlike container ship operators in trade lanes linked to North America, which normally sign one-year contract agreements, operators serving the international automobile shipping market offer contracts lasting two to five-years,...

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Edward Brown, ILA Leader, Dies

Edward L. Brown Sr., who led the International Longshoremen’s Association in Hampton Roads through the port’s development into one of the nation’s top container ports, died Feb. 5 of complications from cancer. He was 83. Mr....

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Rift in the Road

Labor and environmental groups are working in Washington to find a sponsor for a provision, probably within the next surface transportation reauthorization plan, that would allow ports to regulate local harbor trucking for...

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