3 REASONS U.S. CHASSIS MANUFACTURING ISN'T MEETING DEMAND As chassis shortages continue to create inland ramp delays resulting in bottlenecks for North American supply chains, chassis manufacturers are racing to meet growing U.S. demand. Access to new equipment has been limited after the United States began levying anti-dumping penalties on [...]
Import containers are stacking up across inland ramps, rail yards, and marine terminals as the wait for available chassis continues to grow. The cause of the chassis shortage is twofold; retaliatory tariffs on goods from China in 2020 temporarily stunted the primary source of chassis equipment to the U.S., [...]
WEST COAST LABOR CONTRACT EXPIRES: 5:00 PM JULY 1, 2022 The existing contract between West Coast port labor, represented by the International Longshore & Warehouse Union (ILWU) and terminal owners, led by the Pacific Maritime Association (PMA), expires at 5:00 PM on July 1, 2022, leaving over 22,000 workers across [...]
On June 27, 2022, U.S. President Biden met with G7 leaders in Germany to reaffirm America’s support for Ukraine and impose additional economic penalties on Russia. Primarily, the United States will implement a higher 35 percent tariff rate on more than 570 groups of Russian products worth approximately $2.3 billion [...]
UPDATE 6/17/2022: OCEAN SHIPPING REFORM ACT OF 2022 SIGNED INTO LAW ON JUNE 16 United States President Joe Biden signed the Ocean Shipping Reform Act of 2022 (OSRA-22) into law on June 16, 2022. SUMMARY OF S.3580 OCEAN SHIPPING REFORM ACT OF 2022 This bill revises requirements governing ocean [...]
UPDATE AS OF TUESDAY, JUNE 14, 2022 The Cargo Truckers Solidarity union and the South Korean Ministry of Land, Infrastructure and Transport reached a tentative agreement on Tuesday evening, ending an eight-day long nationwide trucking strike that impacted major manufacturing and shipping ports. It estimated that South Korea has lost $1.2 [...]
ABOUT NOFOLK SOUTHERN Norfolk Southern Corporation (NYSE: NSC) is one of the nation’s premier transportation companies. The Norfolk Southern Railway Company subsidiary operates approximately 19,300 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections [...]
FEDERAL MARITIME COMMISSION: FACT FINDING INVESTIGATION 29 FINAL REPORT Effects of the Covid-19 Pandemic on the U.S. International Ocean Supply Chain: Stakeholder Engagement and Possible Violations of 46 U.S.C. § 41102(C) On May 31, 2022, the Federal Maritime Commission (FMC) published Fact Finding Investigation 29 Final Report on “The Effects [...]
On Monday, May 9, 2022, the U.S. Department of Commerce announced the temporary suspension of the 25% Section 232 tariffs on imports of Ukrainian steel for one year. GUIDANCE Effective June 1, 2022, imports of steel articles and derivative steel articles that are products of Ukraine, as referenced in A [...]
As the four-year anniversary of Section 301 tariffs on goods from China approaches, the Office of the U.S. Trade Representative (USTR) is asking domestic industry and stakeholders if the penalties should continue or be terminated. Under Section 301 of the Trade Act of 1974, the USTR’s investigation of China’s Acts, [...]
