May. Imports were up 5.6% from last year, though this increase was smaller than in the previous three months. In May, 1.93 million TEUs were handled, 1% more than in April and the highest volume of U.S. imports in 21 months. However, this was -15.5% below May 2021. McCown pointed out that May is usually
A group of U.S. manufacturers, distributors, retailers, and trade organizations is urging the Biden administration to help resume stalled contract negotiations between the International Longshoremen’s Association (ILA) and maritime employers. The current six-year contract between the union representing 45,000 dockworkers on the U.S. East and Gulf coasts and the United States Maritime Alliance (USMX) expires
According to the “State of Logistics” report by the Council of Supply Chain Management Professionals (CSCMP), U.S. logistics costs dropped 11% in 2023 to $2.4 trillion. Despite the reduction, U.S. business spending on logistics is still high, following a 22.4% increase in 2021 and a nearly 20% rise in 2022. Many logistics companies recognize supply
Maritime consultancy Drewry reported that carriers have added 1 million TEUs of new containership capacity to trades originating out of Asia in the first four months of 2024. However, congestion at ports in Asia and U.S. Businesses Spend $2.4 Trillion on Logistics ATA Reports 3.6% Rise in Truck Tonnage for May Small Forwarders Focus on
Political tensions between the U.S. and China are contributing to lower container shipments between the world’s two largest economies, on top of an already-underway reshaping of global trade, according to a major shipping industry boss. “We are seeing a de-leveraging of trade between the U.S. and China,” Jeremy Nixon, chief executive officer of Ocean Network
Stephen Lyons, the White House’s supply chain envoy involved in the talks between West Coast unions and employers, expressed optimism that a tentative deal is within reach. “The reflections I’m getting from both sides are positive, meaning we should see tentative agreements soon,” Lyons, a retired Army general, said in an email on May 10.
Global supply chains are still dealing with a turbulent and difficult operating environment. A softening in the demand for imports is expected for major economies in the coming months. Spending capacities in Europe and in the U.S. have weakened. In China, strict COVID restrictions spanning the country’s key ports continue to have a ripple effect
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