Declining eastbound trans-Pacific container spot rates this week indicate that predictions of a weak peak season could be accurate.
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Bill Mongelluzzo
Bill Mongelluzzo
Bill Mongelluzzo is senior editor with The Journal of Commerce, based in Long Beach, Calif.
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Reversing course, Global Port Tracker is now projecting monthly year-over-year declines, or minimal increases, in US merchandise imports in the trans-Pacific during the peak season.
Ports that invest in connectivity, such as Shanghai, the best-connected port in the world, are growing the fastest and contributing significant economic benefits to their regions, according to UNCTAD...
Waterfront employers and ILWU Canada say their new contract will enable Vancouver and Prince Rupert to grow through automation while ensuring dockworkers are properly trained for new job...
Los Angeles and Long Beach are still promoting portwide acceptance of off-dock chassis storage yards despite concerns about ILWU extending its reach in the harbor.
Spot rates in the eastbound Pacific are starting to firm, but will not increase as dramatically as they did during the 2018 peak season because importers are taking tariff announcements in stride.
US retailers and other importers say they have no way to avoid paying the latest “tax” on their merchandise that will result from the Sep. 1 tariffs on the remaining $300 billion in Chinese imports,...
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