A surge in Asian imports to the Pacific Southwest is driving an increase in eastbound intermodal train movement, adding to the chronic deficit in rail cars returning west. ASIAN IMPORTS SURGE AT PACIFIC PORTS The Port of Los Angeles reports that local dockworkers moved 2,380,503 TEUs in the first quarter [...]
In this Week 19 Freight Market Update, we explore the impact of a potential labor strike in Canada, the Paris Olympics, and Key Bridge responses to supply chain delays along with the slight relief rainy season has brought to Panama Canal operations. PARIS OLYMPICS 2024 The upcoming Olympic and [...]
Green Worldwide Shipping’s Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more. For continuous updates, make sure to check out our website at greenworldwide.com. As Green continues to monitor international shipping [...]
PARIS OLYMPICS UPCOMING IMPACT ON GROUND TRANSPORTATION The 2024 Olympic and Paralympic Games are coming to Paris this summer, and with the excitement of the competition also comes the challenge of logistics in and around the capital city. Both the Olympic and Paralympic Games will have prolonged impacts on traffic [...]
As dockworkers on the East and Gulf coasts prepare to negotiate local port agreements ahead of the mid-May deadline set by their union president, management sources are divided on the risk of a strike as the September 30th expiration of the current contract approaches. While some believe a deal will [...]
The Week 17 Freight Market Update finds ongoing challenges with the global supply chain. Forecasts predict an increase in water levels for the Panama Canal water system in the coming weeks. FINLAND LABOR STRIKE Several labor unions went on strike at port across Finland this month. The unions have [...]
ZEMBA & GREEN WORLDWIDE: REDUCING GHG EMISSIONS THROUGH COLLECTIVE TENDER Green Worldwide Shipping® is proud to announce the successful completion of the inaugural collective tender initiated by the Zero-Emission Maritime Buyers’ Alliance (ZEMBA). This groundbreaking tender for zero-emission ocean shipping will provide greenhouse gas emissions reduction of more than 90% compared [...]
Section 301 of the Trade Act of 1974 (Trade Act) aims to tackle unfair foreign practices that impact U.S. commerce. It serves as a means to address unjustifiable, unreasonable, or discriminatory actions by foreign governments that hinder or limit U.S. trade. Under the Section 301 provisions of the Trade Act, [...]
The Week 16 Freight Market Update sees some relief to the global supply chain as the Panama Canal expects the rainy season to bring canal operations to near normal levels. Challenges, however, remain with potential labor unrest in Canada and vessel closures at the Port of Baltimore. PANAMA CANAL [...]
The U.S. Department of the Treasury enacted directives on Friday, April 12, 2024 that prohibit the import of Russian-origin aluminum, copper, and nickel into the U.S. These actions also limit the use of these Russian-origin metals on global metal exchanges and over-the-counter derivatives trading. This move supports the G7 Leaders' [...]
