The CEOs of the ports of Seattle and Tacoma have urged President Obama to assign a federal monitor to help settle a West Coast longshoremen’s contract dispute that the port officials said is having a “crippling effect” on commerce.
The inability of the International Longshore and Warehouse Union and the Pacific Maritime Association to achieve consensus in the contract negotiations that began more than six months ago was demonstrated once again today with parties disagreeing over the current status of the talks.
Five carriers today joined Mediterranean Shipping Co. in announcing congestion surcharges on cargo heading from Asia to U.S. West Coast ports.
All Nippon Airways Co. and United Airlines, both members of the Star Alliance global airline network, plan to launch a strategic air cargo joint venture on trans-Pacific routes, the first of its kind between the U.S. and Asia.
The supply of land is the greatest challenge facing logistics property developers in China as they struggle to match supply of modern warehousing facilities to the demand being generated by a rapidly increasing consumer market.
Container throughput at Shanghai edged closer to the 30 million TEU mark in October, with the 3.02 million 20-foot containers handled in the month putting the port on course to blow last year’s 33.6 million box record out of the water by the close of business in December.
For a single product, the iPhone plays a leading role in Taiwan’s export orders, helping push the key economic indicator to a record $44.9 billion in October on demand for the smartphone and other consumer electronics.
West Coast states would be hit hardest if their ports are shut by a longshore strike or lockout, but the most severe impact would be longer-term, according to maritime economist John C. Martin.
The International Longshore and Warehouse Union and the Pacific Maritime Association will not have a contract settlement until December at the earliest because the ILWU is suspending negotiations on coastwide issues until Dec. 2, according to the employers’ organization.
U.S. intermodal volume growth appears to be slowing, reflecting the winding down of the peak season and potential delays caused by U.S. West Coast port congestion.
A Teamsters union election for drivers at a FedEx Freight terminal in Richmond, Virginia, has been canceled, the third election withdrawal in three weeks.
Zim Integrated Shipping Services’ net loss narrowed in the third quarter as the Israeli ocean carrier started to benefit from a $3.4 billion debt restructuring.