Top imports are beverages, plastic and machinery parts. Its top exports are wood pulp, wood and articles of wood, and plastics. It has facilitated more than 85 million tons of cargo worth more than $211 billion. It supports 400,000 jobs and has generated almost $8.5 billion in local, state, and federal tax revenues. The largest port on the East Coast is also the third-largest in the United States. It has contributed to the New York City area becoming an affluent commercial district nationally and globally. With 72 percent of the first port of calls on the East Coast, the Port of New York and New Jersey is the busiest in the region. It will provide easy access to transport-river, rail, road.Ī great port is the rare amalgam of art and science-like these leading American ports from coast to coast.
And last, for the ports with an eye toward the future, they should also have access to land that will help with expansion. Does the port provide easy access during low and high tides? How well are the facilities maintained, particularly during flooding, droughts, or in extreme weather? Great ports also have the resources needed to function, including piers, stacking yards, and warehouses. Third, a port should be able to accommodate ships. Without this, infrastructure that facilitates the transport of goods can’t be built-tanks, cranes, quays and jetties, for example. Second, it should have access to funding through government or private investment. A port should be in a region with natural resources, access to transportation and enough space for future growth. There are a number of factors that contribute to the success of a port. What makes a well-functioning port? Let us count the ways. In 2019, the Port of Louisiana had 3,495 calls from oceangoing vessels, and 54,921 barge calls. Louis ships more than 36 tons of freight annually. Let’s begin by looking at the steel stock with the most “buy” recommendations.More than $1 billion was invested in 2019 to make PortMiami even more accessible globally. In the analysis below, we’ll see which steel companies have favorable Wall Street ratings. Check out CLF Buys AK Steel: A Win-Win Transaction? to learn more about the deal.Īnalysts’ ratings tell us what Wall Street expects from a particular company. And earlier this month, Cleveland-Cliffs (CLF) announced that it would acquire AK Steel. Its steel shipments fell 8.5% from Q3 of 2018. AK Steel (AKS) shipped 3 million tons of flat-rolled steel to outside customers in Q3 of 2019, making it the fifth-largest US steel producer.These shipments include its America Mills, America Fabrication, and International Mills operations. Note that the company’s financial year runs from July to August. Commercial Metals Company’s (CMC) shipped 2.1 million tons of steel in fiscal Q4 of 2019.It shipped 2.4 million tons of steel to outside customers in Q3 of 2019, versus 2.5 million tons in Q3 of 2018. Steel Dynamics (STLD) is the third-largest US steelmaker, based on Q3 of 2019 steel shipments.These shipments also include its Europe shipments. It shipped 3.6 million tons of steel to outside customers in Q3 of 2019, compared to 3.9 million tons in Q3 of 2018.
Steel (X) is the second-largest US-based steel producer. Nucor is ranked 12th among the global steel producers, according to 2018 production data from the World Steel Association. The company shipped 6.6 million tons of steel to outside customers in Q3 of 2019, a year-over-year fall of 6.9%.