In Week 37, the freight market is recovering from one typhoon and bracing for a hurricane. While capacity softens, some ports in North America remain congested due to order surges and container shortages. U.S. EAST COAST LABOR STRIKE PENDING With the 'no strike' clause still in effect, job actions [...]
COLOMBIAN TRUCKERS STRIKE, SET UP ROADBLOCKS IN PROTEST OF DIESEL FUEL HIKE Demonstrations, protests, and blockades ground the transportation industry to a near-halt in Colombia this week. Anger over a government price hike on diesel fuel triggered the labor unrest which included truckers going on strike and setting up blockades [...]
Week 36 finds the global freight market in a state of ongoing turbulence. While shippers prepare for China’s Golden Week holiday, capacity adjustments and port congestion dominate the landscape. PROJECTION: BLANK SAILINGS TO SPIKE In advance of China’s Golden Week holiday, in early October, an increase in blank sailings [...]
USTR: SECTION 301 MODIFICATIONS DETERMINATION FURTHER DELAYED On July 30, 2024, the United States Trade Representative (USTR) office announced that it continues to work on finalizing the determination, with plans to make it public in the coming days. This announcement marks another delay in the final decision on proposed Section [...]
Week 35 finds the freight market strained but rebounding. Government involvement ended the railway labor actions in Canada, water levels continue to improve in the Panama Canal, but the market remains fluid due to ongoing disruptions such as the recent rail lockout/strike and the Red Sea Crisis. CANADA RAILWAY [...]
UPDATE: MONDAY, AUGUST 26, 2024 - WORK RESUMES AT CANADIAN RAILWAYS Effective at 12:01 AM today, August 26, 2024, work has resumed at both CN and CPKC. This work resumption is the result of the Canada Industrial Relations Board order published on Saturday, August 24, 2024 that ruled the Teamsters [...]
In Week 34, port congestion remains a challenge throughout the global supply chain. The threat of a Canada railway work stoppage looms large as the August 22, 2024 collective bargaining "cooling off" period nears the deadline for an agreement. CANADIAN RAILWAYS ANNOUNCE LABOR LOCKOUT Both CN and CPKC officially [...]
CANADIAN RAILWAYS: COLLECTIVE BARGAINING TALKS REACH BOILING POINT The months-long, heated collective bargaining talks between Canada's two major railways, Canadian National Railway Company (CN) and Canadian Pacific Kansas City (CPKC), and the Teamsters Canada Rail Conference (TCRC) reached a boiling point yesterday. Both CN and CPKC officially announced a labor [...]
Collective bargaining disputes in both the U.S. and Canada may exacerbate congestion at key ports in both countries. Ports on the West Coast for both countries remain congested due to recent natural disasters and equipment shortages. The threat of labor action is expected to further disrupt operations at the Ports [...]
In Week 33, port congestion remains a challenge throughout the global supply chain. Recent dangerous goods container explosions aboard Yang Ming and MSC vessels impacted operations in Ningbo and Colombo while the threat of potential labor action sees shippers placing orders early to avoid potential delays. CONTAINER EXPLOSIONS AT [...]
