Cyber attacks orchestrated against ports are no longer a hypothetical; stakeholders now must understand the economic losses that could come from such an attack. But how to quantify such losses? A new paper in Transportation Research offers a look at the economic...
The Port Authority of New York and New Jersey issues revised pricing guidelines for concessions at LaGuardia, JFK and Newark airport. This is after an internal audit found that restaurants in the three major airports were charging “indefensible” amounts,...
In an effort to achieve a zero-emissions future for ports by 2035, the Port of Long Beach and Port of Los Angeles are set to launch the Clean Truck Fund Rate which will charge cargo owners for containers delivered by non-zero-emission vehicles. The imposition of the...
Fitch Ratings and Moody’s had recently updated the ratings of several port authorities in America. Port Authority of New York and New Jersey’ (PANYNJ) was given an ‘A+’ rating on its 230th, 231st, and 232nd consolidated bonds. With regard to...
The Russia-Ukraine war may have rattled the global economy and supply chain, but Moody’s asserted that the crisis did not spill over into sea ports as things continue to remain positive for the sector. Summarizing the analysis of Moody’s reaffirming its...