News Roundup: Container Market ‘Under Downward Pressure,’ ILA Says Longshore Union Issues Are Spreading
This week: Container volumes at Georgia Ports fell 7.6% year over year in September, although auto and machinery volumes saw a significant jump. The South Korean carrier HMM announced that revenue fell 58% year over year during an early November earnings report....
News Roundup: Asia to U.S. West Coast Route Sees Reliability Increase, Maersk Announces Thousands Of Job Cuts & More
This week: Shipments from Asia to the U.S. West Coast saw an increase in on-time performance in September. Maersk CEO Vincent Clerc warned that the carrier company faced a “pretty dire situation” amid job cuts. The National Retail Federation said they expect U.S....
News Roundup: Georgia Ports Authority Wants ILA Court Ruling Overturned, Blank Sailings Speed Up On Trans-Pacific & More
This week: The Georgia Ports Authority filed an amicus brief with the U.S. Supreme Court to try to overturn a recent ruling in favor of the International Longshoremen’s Association. With e-commerce demand outpacing passenger flights, the China to North America trade...
News Roundup: How Gulf Coast Ports Are Navigating Container Imports Downturn, Emissions Reduction Talk At Athens Summit, & More
This week: U.S. Gulf Coast ports are successfully navigating the downturn in container imports through specialized equipment imports and raw material exports. On the India-U.S. trade lane, carrier rates have dropped significantly since the end of September. The...