News Roundup: Labor Contract Ratified By ILWU, Southeast Ports Quickly Opened After Idalia & More
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...
News Roundup: Asia-U.S. Container Spot Rates Continue To Rise, Shipping Reform Bill Stalls & More
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...
News Roundup: Air cargo rates, fashion industry sourcing trends, & more
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...
News Roundup: Slow Peak Season Expected, Cautious Optimism Remains
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...