With the stroke of a pen on June 17, China transformed itself from a non-player among regulators of container shipping to the most important one. In the process, it belatedly took on a role commensurate with its stature as the world’s largest container market, accounting for some 25 percent of global liftings.
There’s been no shortage of turbulence on the West Coast lately, and more is in store with the midnight June 30 expiration of the ILWU contract. In addition, there has been mounting pressure on Pacific Northwest ports, seemingly caught in a vise between the western Canadian ports to the north and California to the south.
JOC economist Mario O. Moreno updates his projections regarding U.S. containerized trade with South America.
Apparently, the U.S. Congress is of the view that $75,000 is a more appropriate bond requirement for the brokerage industry in terms of offering protection to those who might be injured if a broker went out of business. Will it really have that effect?
Jordan W. Cowman
Although port labor strikes are anything but a recent phenomenon, the recent pace of strikes is quickening in response to escalating economic changes worldwide.
I believe it’s safe to say that among all of the aspects of international trade, the most misunderstood and misused element of an international transaction is the correct application of shipping Incoterms.
Other than last week’s stunning collapse of the P3 Network, there’s arguably no hotter issue in the container shipping world than port productivity.
Everywhere you turn, people are bullish on the future of online retailers. It’s reflected in Amazon’s stock price, which has grown rapidly thanks to … free shipping.
The timing could have hardly been worse. Two days after the U.S. trucking industry scored a rare Senate victory against last year’s revision to truck driver hours of service rules, a tractor-trailer slammed into a limousine van on the New Jersey Turnpike, killing comic James McNair and badly injuring his fellow comedian and TV star Tracy Morgan.
The ocean shipping industry faces two overriding challenges: improving cost efficiencies and improving customer experiences.
Less than a year ago, the outlook wasn’t so bright for non-vessel-operating common carriers, tho
It is well documented that U.S. West Coast ports face a number of competitive challenges.
Unlike McDonald’s, where a Big Mac is the same wherever you go, services provided by ocean carriers are anything but uniform, and that leads to much of the chaos we see today at terminals and inland points when it comes to first- and last-mile operations.
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Weekly wrap-up: ILWU ratifies deal with PNW grain handlers, reaches tentative agreement on health benefits with PMA