The Panama Canal Pilots Union, which is in negotiations for a new five-year contract, said it was encouraged by statements made by Panama Canal Authority CEO Jorge Quijano at the 15th annual TPM Conference here Tuesday.
Panama Canal Authority CEO Jorge L. Quijano said that it’s possible for Nicaragua and its Hong Kong backer to build a rival canal in five years, but it’s not a “feasible investment from a private investment standpoint.”
Don’t blame ocean carriers and bigger container ships for congestion at key ports; blame insufficient investment in equipment, dredging and automation at U.S. marine terminals, speakers said at the 15th annual TPM Conference in Long Beach.
Shippers who tried to divert their containerized cargo to the U.S. East Coast during the paralyzing port congestion at West Coast ports in the last few months were not always successful because they did not have long-standing relations with carriers serving the East Coast, according to panelists at the 15th annual TPM Conference.
Intermodal rail carrier Tiger Cool Express recently added 35 temperature-controlled intermodal containers to its fleet.
The container logjam at the ports of Long Beach and Los Angeles will be cleared within three months, the top officials of both ports said today at the 15th annual TPM Conference in Long Beach. But that’s only the beginning of the herculean rebuilding task the Southern California ports face.
With the air cargo industry under increasing competition from ocean carriers for certain cargoes, especially perishables, more sophisticated software and technology tools are helping drive the migration from ocean to air.
DB Schenker, the logistics unit of German railroad Deutsche Bahn, has reached agreement with three airlines involved in a global price-fixing cartel but is still seeking damages from three other carriers.
U.S. containerized imports in 2015 will increase a paltry 1.7 percent, dragged down by West Coast port congestion, JOC Economist Mario Moreno told the 15th annual TPM Conference in Long Beach on Monday.
Matthew Shay, president of the National Retail Federation, on Monday called on Congress and the Obama administration to change how unionized port labor and waterfront employers negotiate agreements so “the interest of thousands” can no longer threaten the livelihood of millions
Japan’s third-largest shipping line, Kawasaki Kisen Kaisha, announced Monday it would be beefing up its LNG and bulker vessels over the next four years, while downsizing its container shipping fleet.
Global economic growth will accelerate next year driven by lower energy prices, a resurgent U.S. consumer as a global driver of growth, and stimulus measures being imposed by multiple central banks, IHS Chief Economist Nariman Behravesh told the 2015 TPM conference in Long Beach on Monday.