Typhoons, port congestion, and threats of an impending labor strike are driving market tension in Week 39. U.S. EAST COAST ILA PORT STRIKE NEWS With the looming threat of a dockworker strike on October 1, 2024, ports and carriers are preparing for possible disruptions with extended hours, port omissions, [...]
In a recent statement, over 200 organizations (Coalition) raised concerns with Los Angeles Mayor Karen Bass and Long Beach Mayor Rex Richardson urging them to reconsider the potential impacts of the South coast Air Quality Management District's (SCAQMD) proposed Indirect Source Rule (ISR) for marine ports. These organizations represent national, [...]
Week 38 bring the U.S. East and Gulf coast dockworkers closer to a labor strike while capacity softens, some ports in North America remain congested due to order surges and container shortages. U.S. PORTS EXTEND HOURS AHEAD OF POTENTIAL STRIKE With the looming threat of a dockworker strike on [...]
The Office of the United States Trade Representative (USTR) recently announced that the U.S. is set to increase tariffs on a range of Chinese imports through phased hikes over the next several years. Starting September 27, 2024, tariffs on electric vehicles, EV batteries, solar cells, needles, syringes, face masks, critical [...]
The Biden-Harris Administration recently announced plans to tighten regulations on the de minimis exemption, a rule that allows goods valued at $800 or less to enter the United States without duties, taxes, or extensive documentation. These changes seek to curb the flow of duty-free textile and apparel imports from China. [...]
The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) remain stymied in contract negotiations. This contract, originally signed in 2018, is set to expire on September 30, 2024. Shippers, vessel owners, importers, and exporters anxiously await resolution as both sides work toward a resolution while a threat [...]
Green Worldwide Shipping® (Green), a freight forwarder on a mission to become one of the most sustainable and responsible leaders in logistics, is proud to announce its founding membership in the GMA Trucking buyers' alliance, an initiative led by the Center for Green Market Activation (GMA) to accelerate the [...]
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 [...]
