This week: The International Longshore and Warehouse Union voted overwhelmingly to ratify a six-year contract with the Pacific Maritime Association. U.S. President Joe Biden had positive words to say about the agreement. Companies who are collectively known as the FIT...
Labor Contract Ratified By ILWU After a bumpy negotiation period that lasted just over a year, the rank-and-file members of the International Longshore and Warehouse Union voted to ratify a six-year contract with the Pacific Maritime Association, the ILWU announced in...
Asia To U.S. West Coast Container Spot Rates Continue To Rise Asia-US container spot rates continued to rise in early August, as carriers have managed capacity by blanking — or canceling — sailings. Spot rates have more than doubled since June. Industry analysts say...
This week: Global air cargo rates in the second quarter remained above 2019 levels. Surveyed fashion executives in the United States plan to reduce sourcing from China over the next two years. Air carriers, the trucking industry and The Port of Kahului are helping...
This week: Southern California warehouses and distribution centers are experiencing a surplus of capacity The ocean market since the spring has been showing signs of life. Excess air cargo supply capacity continues to put downward pressure on pricing U.S. truckload...
This week: West Coast labor contract negotiations continue with promising signs of progress Declines in US imports are expected to slow down in the third quarter Air cargo rates reach a three-year low due to low demand and overcapacity A new bill brought before the...