A bipartisan group of US lawmakers introduced a bill on Wednesday that would eliminate a tariff exemption that is widely used by e-commerce sellers to send orders from China to US shoppers. The exemption, known as the de minimis rule, currently exempts imports valued at $800 or less from tariffs if the items are shipped […]
Read MoreA potential strike that could have had adverse effects on the demand for industrial warehouses in North America’s thriving commercial property sector seems to have been avoided with a tentative agreement between union dockworkers and West Coast port operators. Late Wednesday, the Pacific Maritime Association and the International Longshore and Warehouse Union announced that they […]
Read MoreLate last night, the International Longshore and Warehouse Union and the Pacific Maritime Association announced a tentative agreement on a new six-year deal. The details of the agreement were not released. The agreement must now be ratified by both parties. A copy of Acing Secretary of Labor Julie Su’s statement on the deal can be […]
Read MoreAs the bustling summer season kicks off, labor disputes have disrupted the flow of shipping in the United States. Members of the International Longshore and Warehouse Union have staged protests, resulting in congestion and delays at U.S. West Coast ports, as reported by CNBC. The average wait times for container vessels attempting to enter Los […]
Read MoreDuring fiscal year 2022 (October 1, 2021 – September 30, 2022), the Baltimore Field Office of CBP achieved a significant milestone by intercepting 239 stolen vehicles, surpassing all other CBP field offices nationwide. The total value of these vehicles amounted to nearly $11.5 million. This accomplishment highlights the effectiveness of CBP officers in preventing stolen […]
Read MoreAfter a series of coordinated and disruptive work actions led by the ILWU at the West Coast’s largest ports between June 2 and June 7, operations have generally improved at the Ports of Los Angeles, Long Beach, and Oakland. However, the Ports of Seattle and Tacoma continue to suffer significant slowdowns as a result of […]
Read MoreDespite the looming possibility of a US economic recession, different industry verticals may be impacted in various ways, and freight markets might not experience a severe downturn, according to a prominent transport analyst. Lee Klaskow, Senior Freight and Transportation Logistics Analyst at Bloomberg Intelligence, believes that while a US recession is probable, the destocking efforts […]
Read MoreThe US economy added 339,000 jobs in May, according to data released by the Bureau of Labor Statistics on Friday. This was well above the consensus forecast of 190,000 jobs and marked the 29th consecutive month of job growth. The unemployment rate rose to 3.7% in May, from 3.6% in April. However, this was […]
Read MoreRecent news reporting has covered disruptions at West Coast ports stemming from negotiations between the ILWU and the PMA. On Friday June 2nd 2023, the ILWU staged “concerted and disruptive work actions that effectively shut down operations at some marine terminals at the ports of Los Angeles and Long Beach,” said the Pacific Maritime Association […]
Read MoreWASHINGTON/LOS ANGELES, June 5 (Reuters) – Major retailers and manufacturers are urging the White House to step in and mediate the labor negotiations at West Coast ports, expressing concerns about potential disruptions to shipping during crucial holiday shopping seasons. This call comes after the closure of the largest terminal at the Port of Long Beach […]
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