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As the clock ticks down toward the expiration of ILA’s current contract, the window for frontloading to the East and Gulf coasts is closing and there is limited potential for diversions through Canada and Mexico, writes Journal of Commerce Executive Editor Mark Szakonyi. Longshore laborTrans-PacificNorth American ports.
Union, government hurdles ahead in DSV’s $16 billion takeover of DB Schenker. DSV knocked the unions’ preferred bidder, private equity firm CVC Capital Partners, out of the race, but the forwarder’s bid now needs approval from the German parliament. After a messy 2022, the West Coast is starting 2023 nearly congestion-free as worries rise ...
Dockworkers on Friday effectively shut down some terminals across every major container gateway on the US West Coast after coastwide contract negotiations broke down Thursday over wages. “Today, the ILWU is staging concerted and disruptive work actions that have effectively shut down operations at some marine terminals at the Ports of Los ...
JOC Staff | May 9, 2022, 9:42 AM EDT. Only four of the JOC Top 25 North American Container Ports handled fewer imports in 2021, but growth at major West Coast gateways lagged that of their East Coast competitors, resulting in a shift in market share. Port News.
Ocean carriers appear willing to roll the dice on possible US port strike. Peter Tirschwell |. Carriers tell the Journal of Commerce they would prefer to avoid a strike and the lengthy operational upheaval a stoppage would cause along the East and Gulf coasts, but unlike in the past, they feel no urgency to get a deal done, writes Peter ...
Weeklong ILA strike would tie up about 2% of global shipping capacity: HSBC. The global bank also said in a report that West Coast ports would only be able to handle less than 20% of cargo diverted from the East and Gulf coasts, while Mexico and Canada would offer almost no relief.
White House takes aim at growing threat of ‘de minimis’ imports. The Biden administration is targeting textile and apparel goods moving via a duty-free program by proposing tariffs while seeking more data on sub-$800 shipments.
Longshore workers on the US West Coast secured a 32% salary increase over the life of a tentative six-year contract agreed to Wednesday, but they did not receive the increased manning for conventional terminals they sought during the 13-month negotiations with employers. Two sources who asked not to be identified told the Journal of Commerce ...
Trans-Pacific rate push tests health of early peak season. Carriers on Thursday announced general rate increases of $200 to $400 per FEU, although forwarders say the GRIs could deteriorate quickly due to options such as voyage-specific “bullet” rates and lower pricing offered by non-alliance carriers.
2023 Carrier Rankings: Demand decline shrinks MSC’s lead atop US import carrier rankings. No carrier was untouched by a 22.4% drop in containerized US imports through May, with 36 of the 40 largest lines registering year-over-year volume declines, according to the Journal of Commerce’s Top 40 Container Carriers by US Imports and Exports.