NEWS\\\ Panama Canal welcomes largest container vessel to-date

The largest capacity vessel to ever transit the Panama Canal passed through the Expanded Locks on August 22. The Neopanamax containership, the CMA CGM Theodore Roosevelt, began its voyage from Shanghai, China, making stops along the US East Coast. The CMA CGM Theodore Roosevelt has a Total Allowance (TTA) of

TEU 14,855 and

measures 365.9 meters in length and 48.2 meters in beam. To put the scale of this enormous ship into perspective, its length is roughly the equivalent of laying end to end two Great Pyramids of Giza, four Big Bens, or eight Statues of Liberty. “The transit not only represents

the growing success and adoption of the Expanded Canal, but also its impact on reshaping world trade,” said Panama Canal Administrator Jorge L. Quijano. The CMA CGM Theodore Roosevelt is deployed on the new

OCEAN Alliance’s weekly South Atlantic Express (SAX) service, which connects Asia and US East Coast ports that include Norfolk, Savannah, and Charleston via the Panama Canal. For this voyage, the CMA CGM Theodore Roosevelt also calls on the Port of New York and New Jersey, which recently completed a four year, $1.6 billion project to raise the Bayonne Bridge to 215 feet. The SAX service is composed

of 11 vessels ranging in size from 11,000 to 14,000 TEUs, including vessels which also transited the Expanded Canal earlier in May becoming the largest capacity ships to do so at time. Looking forward to the 2018

fiscal year, which begins on October 1, the Panama Canal Authority is projected to accommodate approximately 13,000 vessels, including 2,335 Neopanamax vessels for a record tonnage of 429.4 million Panama Canal tons (PC/UMS).

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DP World Canada, said

the expansion represents a forward-thinking commitment to providing shipping lines and cargo owners with fast, reliable container service that’s always ahead of customer demand. “Prince Rupert’s success has been driven by its unparalleled geographical position on the trans-Pacific trade route,


high terminal productivity, and its consistently low dwell

times that have sustained despite our significant growth in throughput over the past two years,” said Mihic. “However, as global trade

has grown, so have container vessels. In order to meet the needs of our customers and capitalize on other opportunities, we needed an upgrade. Thankfully, our strong relationships with our expansion project partners, ILWU, the Port of Prince Rupert

Issue 7 2017 - FBJNA

and CN Rail have resulted in an impressive transformation that will provide reliable and competitive

service for our

customers.” Don Krusel, President and

CEO of the Port of Prince Rupert, said the expansion is an important part of its future growth strategy. “We continue to build on our strengths, and ensure that as we grow as a Port we will maintain the velocity and fluidity that got us


here,” said Krusel. “This project is a significant

addition to Canada’s trade infrastructure, and provides tremendous value to our shippers and many partners. It has become a major contributor to the regional economy, and could not have been realized without collaboration and support of industry, labor, government, First Nations and our local communities.”

Trucking accounts for 79.8% of US freight bill

ATA American Trucking Trends 2017, the annual compendium of data about the trucking industry published by the American Trucking Associations, found that trucking industry revenues in 2016 were $676.2 billion, or 79.8% of the nation’s freight bill. Trucks moved 10.42 billion

tons of freight – 70.6% of all domestic freight tonnage. The nation’s commercial trucks paid $41.3 billion in state and federal highway user fees and taxes. The average five-axle tractor trailer pays more than $5,600 in taxes annually. There were 33.8 million

trucks registered for business purposes, including 3.68 million Class 8 trucks. Those trucks burned

38.8 billion gallons

of diesel fuel and 15.5 billion gallons of gasoline and traveled 450.4 billion miles. The industry also employed

7.4 million Americans in trucking-related jobs, including 3.5 million as truck drivers. 6% of those drivers are women and 38.7% are minorities. Trucking is an industry made

up of small businesses: 91% of motor carriers operate six or fewer trucks and 97.3% operate less than 20.

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