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Logistics _ OceanFreight

WEEK 38 MARKET UPDATE

MSC SET TO MORE THAN DOUBLE ITS SHARE OF SLOT-SHARING AGREEMENTS  Global liners last week announced en masse their schedules on the main east-west trades come February next year when old agreements expire, and new groupings emerge. Among the key takeaways was how Mediterranean Shipping Co (MSC), the world’s largest container line, will not, as …

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Ocean Port

WEEK 37 MARKET UPDATE

US EAST COAST DOCKWORKER UNION PRESIDENT VOWS TO ‘HIT THE STREETS’ ON OCTOBER 1  The union threatening to go on strike at ports along the US east and Gulf coasts from October 1 has come out with a renewed tough stance over wage negotiations as the clock ticks down to what could be a massive …

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ocean freight shipping

WEEK 36 MARKET UPDATE

PORTLAND TERMINAL 6 AID ‘URGENTLY’ NEEDED, REPORT SAYS   A maritime shipping coalition led by the Port of Portland is asking the state for money to keep Oregon’s only  international container terminal running while it searches for a private operator for the money-losing facility. Calling container shipping through Terminal 6 “essential” to state businesses, the port …

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Ocean Port

WEEK 35 MARKET UPDATE

OTTAWA MOVES FAST TO END CANADIAN RAIL SHUTDOWN   The Canadian rail strike ended yesterday some 18 hours after it started as authorities moved rapidly to avert an  economic disaster. Canada’s two biggest railways shut down yesterday after a midnight deadline passed without an agreement overpay conditions. The stoppage of work by 9,300 engineers, conductors and …

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PIERPASS

TMF at Ports of Los Angeles and Long Beach to  Increase 6.0% on September 1, 2024  The West Coast MTO Agreement (WCMTOA) today announced that on September 1, 2024, the TraƯic Mitigation  Fee (TMF) at the Ports of Los Angeles and Long Beach will increase by 6%. The adjustment matches the  increase in longshore wage …

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WEEK 34 MARKET UPDATE

CANADA’S TWO LARGEST RAILWAYS SHUT DOWN   Canada’s two biggest railways have shut down after a midnight deadline passed without an agreement overpay  conditions. The stoppage of work by 9,300 engineers, conductors and yard workers at Canadian National Railway Co (CN) and Canadian Pacific Kansas City (CPKC) marks the first-ever simultaneous shutdown at the country’s main …

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