In Week 44 of 2024, the freight market faces compounded disruptions as dock workers at the Port of Montreal prepare to launch an unlimited strike, adding pressure to a global logistics network already stretched thin. Meanwhile, persistent equipment shortages and prolonged dwell [...]
Demand for air cargo from Asia to Europe surged sharply in October, with e-commerce growth offsetting the usual lull following China’s Golden Week. This unexpected demand boost shifts from typical seasonal patterns, signaling strong volume momentum driven by factors like increased online shopping promotions and new product launches. The early [...]
In Week 43, the freight market sees significant U.S. rail congestion, with Los Angeles/Long Beach containers averaging 10-day dwell times and off-dock cargo facing even longer delays. Inland hubs like Chicago and Dallas are also congested due to a railcar shortage, prompting [...]
ILA CONTRACT RENEWAL OBJECTIVES In a recent letter to ILA members, ILA leadership outlined the current contract negotiations with the USMX. The letter further explains that ILA leadership chose not to sign USMX's contract offer that included a 61% wage increase due to a no-strike clause in the contract that [...]
In September, rail container dwell times at the ports of Los Angeles and Long Beach hit a two-year high. This spike coincided with record import volumes from Asia, largely because retailers began diverting cargo from U.S. East and Gulf Coast ports in preparation for the ILA longshore strike. While truck [...]
The Office of the U.S. Trade Representative has introduced a new portal for businesses to submit exclusion requests for industrial machinery outside the solar sector. This initiative follows recent changes to the Section 301 action on Chinese imports. INDUSTRIAL MACHINERY SECTION 301 EXCLUSIONS While the updated regulations automatically grant exclusions [...]
This Week 42 Freight Market Update finds the U.S. East Coast recovering from the ILA strike and recent Hurricanes Helene and Milton. Elsewhere, capacity dips as demand wanes due to strategic adjustments made by importers ahead of the ILA strike and China's [...]
EAST COAST PORTS & WEATHER Hurricane Helene severely disrupted the U.S. supply chain by forcing the closure of major ports, airports, and rail lines impacting ports in Florida, Georgia, North Carolina, South Carolina, and Virginia. Damage has been extensive and local transport operations [...]
"The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025 to return to the bargaining table to negotiate all other outstanding issues. Effective immediately, all current job actions will cease [...]
UPDATE: ILA-USMX REACH TENTATIVE CONTRACT AGREEMENT October 3, 2024 6:30 p.m. CST: ILA strike ends. Affected ports will resume operations on Friday, October 4, 2024 at 8:00 a.m. local time. Learn more about this development at Green Worldwide Shipping: ILA-USMX Reach Tentative Agreement, U.S. Dockworker Strike Ends. Week 40 [...]
