News Roundup: Concerns Rise Over Panama Canal Restrictions, President Biden’s Supply Chain Council Has First Meeting & More
This week: There could be some clarity on the horizon on which government agency has oversight over the storage fees railroads charge for ocean containers. Ocean Network Express CEO Jeremy Nixon is calling for action at Panama Canal in a letter to Panamanian President...
Cargo Volumes Get Holiday Boost At Port of Long Beach
Cargo Volumes Get Holiday Boost At Port of Long Beach Cargo volumes at the Port of Long Beach jumped 14.7% year over year in October, a rise that’s attributed to the holiday shopping season and efforts to recapture market share. “Cargo is rebounding and we are...
News Roundup: Container Market ‘Under Downward Pressure,’ ILA Says Longshore Union Issues Are Spreading
This week: Container volumes at Georgia Ports fell 7.6% year over year in September, although auto and machinery volumes saw a significant jump. The South Korean carrier HMM announced that revenue fell 58% year over year during an early November earnings report....
News Roundup: Asia to U.S. West Coast Route Sees Reliability Increase, Maersk Announces Thousands Of Job Cuts & More
This week: Shipments from Asia to the U.S. West Coast saw an increase in on-time performance in September. Maersk CEO Vincent Clerc warned that the carrier company faced a “pretty dire situation” amid job cuts. The National Retail Federation said they expect U.S....