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?
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.
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.
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.
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.
A year-long contract dispute between United Grain Corp. and the International Longshore and Warehouse Union effectively shut down export operations at the Vancouver, Wash., facility this month following a decision by the governor of Washington to withdraw state trooper escorts for grain inspectors.
DP World’s container traffic increased 9.3 percent on a like-for-like basis in the first half of 2014.
Malaysia’s Westports Holdings turned in an impressive first-half performance, with throughput rising 13 percent year-over-year and strong growth across all trade lanes.
Ship agents at India’s Port of Jawaharlal Nehru (Nhava Sheva) have expressed concern over a lack of effective measures by state-owned rail operator Container Corp. of India in clearing import backlogs that have reached “unprecedented” levels at the country’s biggest box gateway.