With the year coming to a close with no end in sight to the delays at West Coast ports, pressure is building for the federal government to intervene in stalled negotiations between longshoremen and employers that are blamed for at least of the congestion.
Signaling that resolution of congestion issues in Southern California is still a ways away, the ports of Los Angeles and Long Beach are taking the additional step of asking the federal government for permission to work together to resolve the worst congestion seen in years at the largest U.S. port complex.
Fresh food is fast becoming the next e-commerce frontier in China, and the country-wide demand is driving the expansion of cold chain logistics in the mainland that has been a weak point for years.
U.S. containerized exports to most Latin American markets will contract this year, while imports, reflecting the strengthening U.S. economy, will be up.
Container terminals in the Port of New York and New Jersey will close on Christmas Eve and Christmas Day but will be open for regular hours on Friday, Dec. 26.
The installation of new gates at a Panama Canal expansion site will bring the project to 84 percent of completion ahead of an estimated early 2016 opening date, the canal authority says.
Maersk Line plans to launch a direct weekly service from India to Africa in late January 2015 in a move to reduce transit times on that trade lane.
India’s trade deficit in November rose to its highest level since May 2013, as industrial and capital goods imports accelerated amid signs of a budding recovery in the country’s manufacturing sector.
A preliminary reading of an index shows Chinese manufacturing activity in December shrank for the first time since May, the latest sign of weakening European and broader global demand.
The 25 largest container lines had estimated net losses totaling $2.6 billion in 2009-2013 and had an operating margin of 1.6 percent during that span, Dutch consulting and research firm Dynamar said in a report.
Indonesia’s marine-highway program — a bold $55.4 billion plan to develop 24 commercial seaports, over a thousand non-commercial seaports and procure vessels — is facing a revision as some ports in the proposal may not be suitable for handling containers.
U.S. intermodal trains on average are moving faster, but they still have a ways to go before delivering the level of service shippers had come to expect before last winter.
Mediterranean Shipping Co. is already the largest carrier of U.S. containerized exports and the largest overall carrier in the U.S. market. Now it’s about to add the title of largest carrier in the import market, solidifying its dominance of the U.S. market.