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Resumption of the high-speed passenger service between Bar Harbor and Nova Scotia was delayed by terminal construction in 2019. The pandemic forced the cancellation of service last season, and now the one that was planned to start in May.
A long-planned cold storage facility on the Portland waterfront and a pending sale of the state's largest railroad are on the horizon, demonstrating that the pandemic has slowed but not stopped changes in the transportation and logistics field.
Before tariffs on U.S. lobster were imposed in 2017, the European Union was a top destination for Maine's top-selling marine species, accounting for 15-20% of lobster exports. Eliminating the tariffs will level the playing field between the U.S. and
Transportation redundancies, inventory stockpiling and remote and hybrid working are likely part of the future of the business world, in order to avoid the type of disruption that is occurring during this year’s pandemic, say corporate leaders.
A 2017 trade agreement reduced tariffs to zero on live Canadian lobsters and eliminated tariffs on frozen and processed Canadian lobsters, putting American lobster exporters at a competitive disadvantage.
The challenge for business is not the shift to e-commerce per se, but how owners continue to manage their businesses in the new digital reality, experts on a business panel said.
On Monday, both the United States and its largest trading partner announced bans on nonessential travel, the seventh consecutive such measure since the start of the pandemic.
The Maine International Trade Center encourages companies to think about investing in overseas connections so they’re ready to take advantage of renewed global trade when it comes.
After clearing the final regulatory hurdle with the city of Portland, the next step is for the developer to issue a request for proposals for a design build contractor, Maine Port Authority CEO Jonathan Nass told Mainebiz.
"Maine has lost an estimated 20% of its wild blueberry farms as prices continue their downward trajectory as they struggle to compete with imports of cheap frozen cultivated blueberries from overseas," says a letter to U.S. Trade Representative
The governors and several U.S. representatives from northern New England wrote Trump last week in opposition to the 10% tariff, which they say burdens the region's manufacturers and other businesses.
The USDA aid package is intended to compensate fishermen for the impact of retaliatory tariffs, and could provide $50 million to Maine lobstermen. But some criticize the package for not helping businesses in the lobster supply chain.
Public health restrictions currently bar many Americans from international travel, but a small country in Central America has opened its borders to residents of Maine and a handful of other states.
Miniature sensors strapped on a lobster are designed to monitor heart rate and movement from trap to final destination, in order to understand and potentially reduce stress to the animal.
John Henshaw, who directed the Maine Port Authority for a decade, was credited with overseeing the redevelopment of a derelict port terminal in Portland. Henshaw also led the effort, still in progress, to build a new cold storage facility there.
In a retroactive agreement, the European Union’s elimination of tariffs resuscitates a market for U.S. lobster that was worth $111 million in 2017.