Longshore workers at the Canadian port rejected a recent contract proposal and authorized a strike if the current round of negotiations does not result in an agreement.
Markets in the Midwest, in particular, saw industrial real estate vacancy rates drop in the third quarter, with reports indicating a stronger flow of goods through warehouses.
The carrier’s third-quarter performance continued the trend of strong financials reported by the world’s top ocean carriers, with its net profit of $2.3 billion more than tripling from a year earlier.
