This week: Containerized imports from Asia have fallen by 21% year over year through August. The Port of Los Angeles saw cargo volumes increase 3% year over year in August. Cargo volumes at the Port of Oakland fell 15% year over year. Blank sailings on the...
This week: The enforcement of the Drug Supply Chain Security Act has been delayed one year.The Federal Maritime Commission is asking supply chain stakeholders for their opinions on proposed processes. A leading industry analyst said that they expect capacity to...
This week: The International Longshore and Warehouse Union voted overwhelmingly to ratify a six-year contract with the Pacific Maritime Association. U.S. President Joe Biden had positive words to say about the agreement. Companies who are collectively known as the FIT...
Labor Contract Ratified By ILWU After a bumpy negotiation period that lasted just over a year, the rank-and-file members of the International Longshore and Warehouse Union voted to ratify a six-year contract with the Pacific Maritime Association, the ILWU announced in...
Asia To U.S. West Coast Container Spot Rates Continue To Rise Asia-US container spot rates continued to rise in early August, as carriers have managed capacity by blanking — or canceling — sailings. Spot rates have more than doubled since June. Industry analysts say...
This week: Global air cargo rates in the second quarter remained above 2019 levels. Surveyed fashion executives in the United States plan to reduce sourcing from China over the next two years. Air carriers, the trucking industry and The Port of Kahului are helping...