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Potential U.S. East and Gulf Coast Port Strike: What You Need to Know
As a potential dockworker strike on October 1 looms for major U.S. East and Gulf Coast ports, shippers and forwarders are exploring alternative routes and preparing contingencies to minimize supply chain disruptions. Planning ahead is...
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60% U.S. Container Volumes at Stake as Strike Deadline Approaches
Dockworkers on the U.S. East and Gulf Coast may strike unless a contract is reached by September 30.Talks between the dockworker's union, the International Longshoremen's Association (ILA), and port owners, represented by the United States...
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High load Factors Indicate Tight Air Cargo Capacity
Shippers are advised to secure space and create contingency plans due to anticipated air cargo capacity shortages from key Asian markets during the peak season. According to a Xeneta and Tiaca webinar, dynamic load factors...
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Canada Rail Dispute
Canada Advisory: CN/CPKC Rail UpdateCIRB Orders Binding Arbitration between CN-CPKC and Teamsters Canada Rail Conference (TCRC)The Canada Industrial Relations Board (CIRB) imposed Binding Arbitration between CN, CPKC and the Teamsters union for both railway requiring...
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Explosion at Ningbo Port Seen Impacting Supply Chains
The recent explosion aboard the Yang Ming vessel YM Mobility at Ningbo Port, China, has triggered significant concerns about global supply chain disruptions, particularly on key trade routes out of Asia. The incident occurred on...
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Unprecedented Surge in Ocean Container Shipping Demand from China
In June 2024, ocean container shipping demand from China to North America and North Europe reached unprecedented levels, driven by disruptions in the Red Sea that prompted importers to secure their supply chains early. According...
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Airline cargo revenues improve in Q2 along with market
According to earnings results released, cargo business at publicly traded passenger and combination airlines improved in the second quarter compared to the previous three months as the recovery from a prolonged freight downturn fully took...
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Global freight forwarding market to expand 1.7% in 2024
The global freight forwarding market faced a downturn in 2023. According to the Global Freight Forwarding 2024 Report from Ti insight, market performance contracted by -1.3%, in real terms. The decline was brought on by...
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ILA says strike ‘more likely’ as contract deadline looms with no progress
The International Longshoremen's Association (ILA) announced that a strike "is becoming more likely" as they struggle to reach a new contract agreement with maritime employers along the East and Gulf coasts.ILA president Harold Daggett criticized...
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Container freight rates seen peaking
According to Linerlytica, freight rates may have peaked and are leveling off. The company said new shipping capacity into the U.S. West Coast, North Europe, South America, and the Middle East has reduced pressures on...
