Thursday, February 23, 2017

New Jersey’s Bayonne Bridge Reopens Ready for Larger Containerships

Transport Topics Online | Trucking, Freight Transportation and Logistics News: "But Dan Smith, principal at the Tioga Group, a freight transportation consulting company, said he believes that the changes in shipping patterns will be gradual rather than instantaneous. “It’s like the Panama Canal itself. You saw all the excitement over the opening of the expanded canal, but the change so far has been incremental. You don’t see all of a sudden a line of 13,000 TEU ships attempting to get through,” he said. “You’ve had persistent overcapacity in the industry, unsustainable rates and weak demand, so there are too many things going on for this to have an immediate impact. They’re making a change for the decades to come, not the weeks to come"