Developing an over-the-road network to handle containers carried on ships too large to traverse the waterway could increase the canal’s annual throughput by over 60%, officials say, though funding concerns exist.
The strong quarterly results mirror those of other carriers, including CMA CGM, Yang Ming Marine and Wan Hai Lines, which have also recently reported stellar third-quarter financials.
The union representing about 45,000 dockworkers at East and Gulf coast ports says employers want to eliminate jobs by implementing semi-automated technology at marine terminals.
