FedEx was forced to turn away freight because of slowdowns at West Coast ports, a reminder of how port congestion is hurting the bottom lines of not just shippers but also the inland transportation providers they depend on.
Negotiators for the International Longshore and Warehouse Union and the Pacific Maritime Association will resume direct negotiations on Thursday, even as they disagree over the current state of the contract talks.
The launch of the 2M and 03 alliances in the New Year will boost capacity on the Far East-Mediterranean route by about 19 percent, triggering a battle for market share that could result in fresh rate reductions, according to Alphaliner.
The German government has drawn up a draft law to curb the power of small but powerful niche labour unions than have mounted frequent strikes, mainly in the transport sector, paralyzing the nation’s economy throughout this year.
The price per metric ton for both low and high sulfur fuel dropped almost 10 percent during the week of Dec. 12, the second consecutive week of large losses.
Malaysia’s port of Tanjung Pelepas (PTP) passed the 8 million 20-foot container mark at the beginning of December, although with less than a month left and volumes slowing down, the 2014 throughput target of 9 million TEUs looks well out of reach.
A compound annual growth rate of 24.7 percent is welcome in any business sector, but when that business is e-commerce in China, the numbers being generated quickly reach incredible levels.
Cosco Pacific, the port operating arm of China’s largest shipping company, has growth its throughput by 10 percent from January through November this year, a reflection of strong export volumes that kept its terminals busy during the second half.
In a give-and-take effort that may push contract negotiations forward, the International Longshore and Warehouse Union is waiting for the Pacific Maritime Association to respond to its comments on the latest offer from U.S. West Coast employers.
Port of Virginia container volume grew 8.2 percent year-over-year in November, continuing the port's 11-month streak of year-over-year gains even as the peak shipping season wanes.
Sea Star Line, said it plans early next year to add a weekly container barge service to the U.S. mainland-Puerto Rico service it now operates with two self-propelled roll-on, roll-off ships.
A surge in import traffic has led the Port of Houston Authority to extend its container terminal operating hours.
Encouraged by strong manufacturing activity and freight demand, less-than-truckload carriers are raising their non-contract and contract rates. Old Dominion Freight Line is the latest LTL carrier to issue an average general rate increase of 4.5 percent effective Jan. 5.