The International Longshore and Warehouse Union and Pacific Maritime Association are meeting independently today to consider various issues that have been raised in contract negotiations, although they remain ready to reconvene face-to-face talks in advance of the Thanksgiving holiday if necessary.
CMA CGM on Wednesday announced the acquisition of German short-sea shipping line OPDR in the latest move by the French carrier to boost its share of the fast growing intra-European container shipping market.
Keeping track of the constantly changing rates and amendments in the container booking system is complex and an exercise in frustration for forwarders, beneficial cargo owners (BCOs) and NVOCCs, but crucial to establishing a bottom line cost, believes CargoSphere president Neil Barni.
The Port of Seattle Commission on Tuesday approved its 2015 budget that calls for $373.8 million in capital expenditures for the seaport and for Sea-Tac International Airport.
The National Customs Brokers and Forwarders Association of America on Wednesday charged that ocean carriers may be violating the U.S. Shipping Act with their congestion surcharges at West Coast ports.
For the second time in two weeks, three carriers are reversing their decision to implement port congestion surcharges, though the reason wasn’t immediately clear.
A weekly index of intermodal spot pricing showed post-peak season weakness and was weighed down by rate erosion on freight moving out of Chicago, where intermodal prices have been consistently strong this year. However pricing support out of the West Coast pointed to the effects of congestion at the Los Angeles-Long Beach ports.
An Israel Corp. shareholder vote on the spinoff of Zim Integrated Shipping Services and several other businesses into a new company, Kenon Holdings Ltd., has been scheduled for a Dec. 31 vote.
Matson Navigation Co. will raise its rates for its Guam Commonwealth of Northern Mariana Islands and Micronesia services by $225 for both westbound and eastbound containers, effective Jan. 25, 2015.
Spot market dry van truck rates in the U.S. rose in the week that ended Nov. 22 and are more than 9 percent higher than in the same week a year ago, DAT Solutions said.
U.S. shippers, especially retailers, are increasingly nervous and frustrated by supply chain delays and higher transport costs linked to West Coast port congestion, and worried about how that congestion will affect the movement of goods to inland distribution points.
BNSF Railway is no longer accepting empty containers headed to Seattle and Tacoma marine terminals at railyards in Chicago; St. Paul, Minnesota, Denver and Omaha.
U.S.-Mexico cross-border trucking and rail volume is poised to increase after Mexican factory export production in October hit a five-year high.