The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
The International Longshore and Warehouse Union and Pacific Maritime Association have recessed contract negotiations for the coming week so ILWU officers can participate in unrelated contract talks with grain handlers in the Pacific Northwest.
Hamburg Süd has signed a preliminary agreement to acquire the container operations of the Valparaiso, Chile-based Compañía Chilena de Navegación Interoceánica, or CCNI, by Dec. 31, 2014.
Even though it now looks like it will be sometime in August before a new agreement between the International Longshore and Warehouse Union and employers is in place, no one is panicking and tensions appear low. Why?
Union Pacific management hopes that the company’s grab of rail business from its main competitor, BNSF, will translate into more long-term business for UP in the future.
Drayage drivers serving New York-New Jersey port terminals said at a weekend forum that they need quick action to reduce turn times that require them to sit in long queues for several hours a day without full compensation.
Hutchison Port Holdings Trust (HPH Trust) reported a 16 percent rise in first-half net profit on the back of improved U.S. and European cargo and greater transshipment volume.
Inadequate airspace capacity for civil air traffic, rapid growth of the Chinese aviation industry, capacity constraints at airports, and rigid operating regulations add up to congestion and delays for carriers serving the mainland’s busy cargo gateways, according to the International Air Transport Association (IATA).
Evidence of volume growth in east-west container shipping markets was revealed in Orient Overseas Container Line’s most recent results.
After five years leading a broad and often controversial effort to reshape federal truck safety regulation, Anne S. Ferro is leaving the Federal Motor Carrier Safety Administration.
Price drops continued to be reflected in the Shanghai Containerized Freight Index this week, as every major lane on the index saw spot rates fall.
Swift Transportation, the largest U.S. truckload operator, got even bigger in the second quarter, but potential growth was restrained, the company said, by a “challenging driver market.”
Container volume at the Port of Philadelphia jumped 29 percent during the first half of the year, aided by two new services and a continuing shift of breakbulk to containers for shipments of imported fruit.