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WEEK 29 MARKET UPDATE

DEAL REACHED TO END BRITISH COLUMBIA PORT STRIKE  A 13-day strike that disrupted shipments at Canada’s western ports is set to end after the dockworkers’ union and a  group of employers agreed on a tentative deal. The International Longshore & Warehouse Union, representing more  than 7,000 workers, and the British Columbia Maritime Employers Association reached …

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Market update

WEEK 28 MARKET UPDATE

CALIFORNIA AWARDS $1.5 BILLION FOR PORT INFRASTRUCTURE UPGRADES California Governor Gavin Newsom announced an investment of over $1.5 billion for building a more efficient, sustainable, and resilient supply chain, including $450 million for zero-emission infrastructure, locomotives, vessels, and vehicles. “No other state has a supply chain as critical to the national and global economy as …

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containers at port_RTW

WEEK 27 MARKET UPDATE

CARRIX TO EXPAND NORTH AMERICAN TERMINAL FOOTPRINT  Carrix, a leading marine terminal operator based in Seattle, Washington, has announced plans to expand its North  American terminal footprint with the purchase Ceres Terminals. Ceres currently operates in 18 locations throughout  North America, including California, Houston, Montreal, Vancouver, B.C., and the U.S. Atlantic and Gulf coast regions. …

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Cold storage_RTW

WEEK 25 MARKET UPDATE

LOUISIANA GOVERNOR AIMS TO RESTORE FUNDS FOR NEW PORT NOLA TERMINAL  The Port of New Orleans is looking to the governor of Louisiana to help restore $4 million in state funding that would go  toward early work on its proposed $1.5 billion container terminal after legislators unexpectedly cut the funding from the  state’s most recent …

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ocean ports_RTW

WEEK 24 MARKET UPDATE

PORT OF LOS ANGELES KEEPING A CLOSE EYE ON LABOR TALKS AS CARGO VOLUMES GAIN FOR A THIRD MONTH Cargo volumes at the Port of Los Angeles increased for the third consecutive month in May but continue to track below pre pandemic numbers amid protracted West Coast labour negotiations and uncertainty in the economy. The …

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Air and Sea freight

WEEK 23 MARKET UPDATE

DOCKWORKERS DISRUPT US WEST COAST PORTS AS CONTRACT TALKS DRAG ON  Dockworkers at Los Angeles and Long Beach ports staged a slowdown late last week, with longshore workers not showing up for their shifts. In the on and off negotiations between the labour and shipping lines/terminals, which have been underway for a year, job actions …

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