Improving Terminals

When container terminals are experiencing financial losses, changes must be made in order to insure the terminals are profitable. Raising their rates might not suitable for the industry, which could have a negative impact on container shipping quotes. In the past year, we have seen businesses and Government entities invest money into ports and terminals so that they may compete in a global market. But sometimes, the best way to fix this problem is to lower costs by improving efficiencies at the port. That is exactly what the Port of Seattle plans to do. Their terminals plan to meet together and discuss ways to increase efficiency for the facilities, services and other areas at the port.

Freight forwarders support having ports and terminals discuss ways to improve the freight shipping process, which in turn might lower costs. It should be noted that in order for the Port of Seattle and their terminals to have these discussions, a discussion agreement had to be filed with the Federal Maritime Commission (FMC). According to the Journal of Commerce, the agreement had to be filed with the Federal Maritime Commission because of the anti-trust laws.

A more efficient Port in Seattle, or at any port, will improve the freight shipping industry. It could make freight shipping travel times a bit shorter and might cut down on some long-term costs. The most efficient ports handle the majority of the cargo that is shipped. So in order for ports to get more business, their terminals must improve and be more efficient.