The Chinese state-controlled carrier said in an interim earnings statement the industry experienced a volatile first half of 2025 due to “tariff swings and lingering geopolitical tensions.”
Opening of the first phase of the port’s new on-dock railyard will be delayed until next year, while the project faces a 42% increase in budgeted costs.
The union claims the Virginia Port Authority is tacitly violating the new master contract’s technology clauses through its influence over the port’s main terminal employer.