Rail News: Intermodal
PortMiami logged 1,120,000 twenty-foot equivalent units (TEUs) of cargo between October 2018 and September 2019, a 3.4 percent gain from the previous 12-month period.
The numbers marked the fifth consecutive year the port has surpassed the 1 million TEU mark, PortMiami officials said in a press release.
The port attributes the volume growth to a diverse balance of global trade and more than $1 billion of infrastructure improvements that equipped the port to handle larger vessels. The port improvements led to less vessel calls and an increased use of crane lifts.