The Port of Nevada officially opened this month. Its first container was received on June 3rd. Located in Fernley, 30 minutes east of Reno, the 224-acre inland port handles imports and exports between northern Nevada and the Port of Oakland. The President of the Port of Nevada, Stuart Lichter, emphasized [...]
Capacity constraints, labor unrest, and potential labor unrest pose challenges to the global supply chain as we move through Week 24. LABOR UNREST: CANADA WEST COAST, U.S. EAST & GULF COASTS In the U.S., the International Longshormen’s Association (ILA) suspended labor talks with the United States Maritime Alliance (USMX). [...]
The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) are currently entrenched in contract negotiations revolving around the coast-wide Master Contract. The ILA is the largest union of maritime workers in North America, representing 85,000 longshore workers along the East Coast, Gulf Coast, Puerto Rico, Great Lakes, and [...]
Manzanillo and Lazaro Cardenas, two Mexican ports, saw significant increases in cargo last year, which suggests that Asia's inputs are driving up export production for the U.S. and other markets. Both ports also moved up in the rankings of the busiest North American gateways based on laden volumes. MEXICAN PORTS RISE [...]
Week 23 ushers in an early start to seasonal demand, vessel congestion woes in some U.S. ports, and increased blank sailings/port omissions. VESSEL CONGESTION GROWS: PORTS OF CHARLESTON & SAVANNAH South Carolina ports - notably Charleston- halted operations from May 19 - 21, 2024 due to software issues. Lingering [...]
Week 22 sees a reopened Port of Baltimore, backlog at the Port of Charleston, and some improvement at the Panama Canal. PORT OF BALTIMORE The Port Authority of Baltimore opened a 50’ deep Fort McHenry Limited Access Channel to commercial vessel traffic. Bookings to the Port are now open [...]
President Biden and the United States Trade Representative (USTR) recently announced Section 301 tariff hikes on key imports to address strategic trade concerns with China. These tariffs impact a wide range of products including electric vehicles (EVs), critical minerals, and other key sectors. New tariffs are set to take effect [...]
In Week 21, we find the global supply chain responding to newly announced Section 301 tariffs on, ongoing port congestion in China, and strides at the Port of Baltimore to reopen for container vessel traffic by the end of May. SECTION 301 TARIFFS Following the in-depth review by the [...]
Update June 4, 2023: Exporters are transferring cargo and rebooking shipments to other ports with vessels becoming overloaded due to these changes. The recovery process has begun on roads in the impacted region, though many remain blocked. Some cities remain under water and a number of factories stopped production because impacted [...]
"To encourage China to eliminate its unfair trade practices regarding technology transfer, intellectual property, and innovation, the President is directing increases in tariffs across strategic sectors such as steel and aluminum, semiconductors, electric vehicles, batteries, critical minerals, solar cells, ship-to-shore cranes, and medical products." White House Fact Sheet | May [...]
