Wednesday, June 22, 2016

Today’s Top Supply Chain and Logistics News From WSJ

WSJ: "The busiest port on the U.S. East Coast will be watching the opening of an expanded Panama Canal with some apprehension. The Port Authority of New York and New Jersey’s project to raise the Bayonne Bridge, a key barrier to bigger ships trying to reach container terminals, is falling behind schedule and won’t be done before the end of 2017, the WSJ’s Robbie Whelan reports. The bridge-raising is the signature project in the costly efforts underway along the Eastern seaboard to prepare for the new era that come with this week’s opening of the bigger Panama Canal. In the near term, the delay undercuts the economic calculations behind the canal’s expansion because larger ships from Asia will be blocked from the port’s three largest terminals, in Newark and Elizabeth, N.J. Given the port’s outsize role in supply chains, shipping lines are unlikely to commit much bigger vessels to the Panama Canal routes until they can add New York-New Jersey to their route maps."