Industry Spotlight


FUNDING PORT PROJECTS: WATER RESOURCES DEVELOPMENT ACT 2024

PORT PROJECTS IN BALTIMORE AND OAKLAND PROPOSED On Monday, the House of Representatives approved by a vote of 359 to 13 the Water Resources Development Act of 2024 (WRDA). This legislation will help fund navigational projects at the ports of Baltimore and Oakland. It allocates approximately $4.8 billion [...]

2024-07-26T19:22:27+00:00July 26th, 2024|Freight Market, Freight Talk, Industry Spotlight|

CROWDSTRIKE OUTAGE IMPACT ON GLOBAL AIRFREIGHT MARKET

The IT outage on Friday, July 19, 2024, caused by a bug in a CrowdStrike software update, is considered the largest outage in history. CrowdStrike, an American cybersecurity firm, offers a cloud-based software product called Falcon. The company pushed an update to Falcon, which interacts with Microsoft Windows products and [...]

2024-07-23T15:57:41+00:00July 23rd, 2024|Freight Talk, Industry Spotlight|

GREEN WORLDWIDE SHIPPING SPONSORS EXPORTGA 2024

As part of its ongoing commitment to helping small businesses, Green Worldwide is proud to sponsor the University of Georgia Small Business Development Center’s (SBDC) ExportGA for the fifth year. "At Green Worldwide, we are committed to helping small businesses succeed, particularly those involved in international trade, as that [...]

UFLPA STRATEGY UPDATE: DHS PRIORITIZES NEW SECTORS & EXPANDS ENTITY LIST

The Department of Homeland Security (DHS) released an updated Uyghur Forced Labor Prevention Act (UFLPA) Strategy to Prevent the Importation of Goods Mined, Produced, or Manufactured with Forced Labor in the People’s Republic of China (PRC). Released July 9, 2024, the updated strategy continues to advance the enforcement of [...]

NORTH AMERICAN DOCK WORKERS: CONTRACT NEGOTIATIONS UPDATES

Contract negotiations between several North American Dockworker unions and ports have the potential to snarl port operations and the movement of freight. The International Longshore and Warehouse Union (ILWU) Canada and the International Longshoreman's Association (ILA) in the U.S. are advocating for their members to agree to new contract terms [...]

PANAMA CANAL AUTHORITY INCREASES TRANSIT VOLUME

PANAMA CANAL NEARING NORMAL LEVELS AND INCREASING TRANSIT VOLUME After months of low water levels due to a historic drought, the Panama Canal’s freshwater reservoirs are approaching normal levels as summer begins. The drought, starting in mid-2023, reduced water levels in Gatun Lake, forcing the Panama Canal Authority (APC) to [...]

2024-07-03T18:21:01+00:00July 3rd, 2024|Freight Talk, Industry Spotlight, Shipping News|

CALIFORNIA PORTS: INVESTMENT IN ELECTRIC TRUCKING

ELECTRIC TRUCKING INVESTMENTS The Los Angeles and Long Beach ports are investing a combined $25 million to support the development of charging infrastructure for electric-powered heavy-duty trucks to service southern California harbors and warehouses. The commissions of both ports also authorized another $12.5 million from their respective clean truck funds [...]

EARLY RETURN DATE: ADDRESSING CONCERNS IN MARITIME DATA ACCURACY

SHIPPERS PUSH FMC TO ADDRESS ISSUES WITH CHANGING DROP OFF DATES FOR EXPORTS U.S. exporters have expressed concerns to the Federal Maritime Commission (FMC) that the inconsistent information on vessel schedules and drop-off dates leads to higher costs and delays. Although having a single source for this kind of data [...]

E-COMMERCE AND AIR CARGO: THE NEED FOR ENHANCED TRANSPARENCY

SPECIAL HANDLING CODE NEEDED FOR E-COMMERCE DUE TO AIR VOLUME CONSUMPTION E-commerce has sustained enormous volume growth over the last 18 months, commanding large portions of the global air markets. The exponential growth of the industry was kickstarted by the pandemic; and shows no signs of slowing. Retail sales are [...]

2024-06-27T20:49:41+00:00June 27th, 2024|Airfreight, Customs, Freight Talk, Industry Spotlight|

INDO-PACIFIC ECONOMIC FRAMEWORK (IPEF) COMMENTS FROM INDUSTRY SUMMARY

The U.S. Commerce Department recently solicited insights on strengthening supply chain resilience through the Indo-Pacific Economic Framework (IPEF). Diverse stakeholders, including trade associations and companies, have offered varying perspectives, such as restoring and trade liberalization, on achieving this critical objective. Federal Register: Request for Comments on Commerce Supply Chain Risk [...]

2024-06-25T17:58:37+00:00June 25th, 2024|Customs, Freight Talk, Industry Spotlight|
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