WEST COAST CONTAINER PORTS REGAIN SOME MARKET SHARE WITH LABOR SITUATION RESOLVED U.S. container import volumes increased slightly in August compared to the previous, consistent pre-pandemic peak season patterns. U.S. container import volumes in August 2023 rose by 0.4% from July 2023, totaling 2,196,268 TEUs. Compared to August 2022, TEU volume decreased by 13.2%, but …
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CMA CGM FINALIZES TERMINALS ACQUISITION AT PORT OF NEW YORK AND NEW JERSEY CMA CGM has closed on its acquisition to acquire two key container terminals at the Port of New York and New Jersey, expanding the French shipping company’s terminal footprint in the United States. CMA CGM announced its intention to acquire the GCT …
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PORT OF NEW YORK AND NEW JERSEY GREEN LIGHTS CMA CGM’S TAKEOVER OF TWO KEY CONTAINER TERMINALS The Port Authority of New York and New Jersey has agreed to amend leases held by Global Container Terminals Inc. (GCT) at two key container terminals in New Jersey and Staten Island, paving the way for French shipping …
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US RETAIL IMPORTS EXPECTED TO REMAIN BELOW 2022 U.S. ports are seeing a rise in import cargo volume after a near three-year low in February, according to the Global Port Tracker report released on Monday by the National Retail Federation and Hackett Associates. However, the report also forecasts that import volumes will remain well below …
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SUPREME COURT RULES IN NJ’S FAVOR OVER EXIT FROM PORT WATCHDOG AGENCY New Jersey will be able to take over policing of longshore workers at its container facilities after the US Supreme Court ruled the state can exit a 70-year-old compact with New York that established a bistate police force to oversee labour at their …
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ILWU ACTION SHUTS DOWN US WEST COAST GIANT CONTAINER PORTS International Longshore and Warehouse Union (ILWU), a labour union which primarily represents dock workers on the West Coast of the United States, Hawaii, and in British Columbia, Canada, has taken a concerted action to withhold labour at the Ports of Los Angeles and Long Beach, …
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CMA CGM TO ACQUIRE TWO KEY TERMINALS AT PORT OF NEW YORK AND NEW JERSEY French shipping group CMA CGM will acquire two key container terminals at the Port of New York and New Jersey. The terminals, GCT Bayonne in New Jersey and GCT New York on Staten Island, are currently held by Global Container …
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RAILROAD STRIKES ARE RARE BUT CRIPPLING TO PORTS AND FREIGHT The prospect of a potentially devastating rail workers strike is looming again. Fears of a strike in September 2022 prompted the Biden administration to pull out all the stops to get a deal between railroads and the largest unions representing their employees. That deal hinged …
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LA-LB, NY-NJ AT OR NEAR NORMAL CARGO FLUIDITY: APM TERMINALS The cargo surge that began with the COVID-19 recovery in mid-2020 forced US ports to develop a new playbook to cope with the unprecedented port and inland supply chain congestion that resulted, according to APM Terminals MOBILE’S BREAKBULK DOCKWORKERS TO STRIKE TUESDAY AFTER TALKS HALTED …
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NY-NJ PORT, TERMINALS TAKE NEXT STEP IN RAIL TRACK PROJECT The Port of New York and New Jersey and two of its marine terminals are funding further planning on a track project that would mean fewer delays out of the port. HOUSTON APPROVES LONG-DWELL BOX FEES TO PROD SHIPPERS The move to impose fees on …
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