Dockworkers on the U.S. East and Gulf Coast may strike unless a contract is reached by September 30. Talks between the dockworker’s union, the International Longshoremen’s Association (ILA), and port owners, represented by the United States Maritime Alliance (USMX), broke down since June with no new talks scheduled. Both sides remain at an impasse over
Shippers are advised to secure space and create contingency plans due to anticipated air cargo capacity shortages from key Asian markets during the peak season. According to a Xeneta and Tiaca webinar, dynamic load factors from Asia Pacific to Europe were 86% and 88% to North America in July, which is atypically high for this
A planned strike at India’s major ports was canceled after workers accepted a new five-year contract. Nearly 20,000 workers were set to walk out on August 28. Reuters reported that Unions agreed to an 8.5% pay raise over five years, down from their initial 10.6% demand. The deal ends talks that began in 2021 when
Canada’s freight railroads resumed operations after last week’s brief shutdown, which forced more freight into trucks. The rail stoppage led to a surge in truck rates, especially for long-haul intra-Canada shipments. Spot market rates increased by double digits in lanes connecting U.S. West Coast ports and Central Canada, while there was a more than 30%
The Ningbo Beilun Phase III Terminal has reopened and is operating normally. The port had shut down for two-and-a-half days after a container holding hazardous goods exploded on the YM Mobility containership docked at Ningbo-Zhoushan port on August 9. There were no casualties, and all crew members were found safe. Ningbo-Zhoushan is China’s second busiest
Canada’s Labor Minister, Steven MacKinnon, has ordered final binding arbitration to end a rail work stoppage involving over 9,000 workers and the country’s two class 1 railroads, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC). MacKinnon’s decision came after 17 hours without a new labor deal. Both railroads wanted binding arbitration, while the
Dockworkers at India’s 12 largest ports plan to strike indefinitely starting August 28. The decision for a nationwide strike follows seven rounds of unsuccessful negotiations. A joint statement released by the six labor organizations representing dockworkers said port labor contracts had expired in December 2021. The unions have formally notified the port authorities and government
Most of the world’s 30 largest container ports saw revenue growth in the first half of the year, except for three. According to Alphaliner’s report on container throughput in the first half of this year, Hong Kong, Xiamen, and Hamburg experienced declines of -4.5%, -4%, and -1.2%, respectively. Hong Kong, once the 10th largest container
The upcoming contract season brings uncertainty for shippers. Maersk and Hapag-Lloyd are leaving their current alliances, 2M and THE Alliance, in February to form the Gemini Cooperation. The shakeup in ocean alliances will likely impact contract negotiations, says James Hookham, director of the Global Shippers Forum. Shippers are undecided over which alliance to utilize for
US retailers do not anticipate a slowdown in imports for the second half of 2024, driven by a near-record surge in August as retailers fast-track shipments ahead of potential longshore labor strikes at East and Gulf Coast ports. Despite earlier predictions that imports would taper off due to front-loading of cargo earlier this year, the
Shipco Transport © 1997 – 2024. All Rights Reserved