Negotiations between the International Longshoremen’s Association (ILA) and the US Maritime Alliance have stalled for over a month, with President-elect Donald Trump voicing clear support for the ILA’s stance. With a potential strike looming on January 15th, it’s crucial to assess the cascading impacts this event could have, not only during the strike itself but […]
Read MorePlanned U.S. tariffs on Chinese imports are expected to accelerate a shift in containerized trade toward Vietnam, Thailand, and South Korea, according to Linerlytica. Vietnam has emerged as a key player, with containerized exports to the U.S. surpassing two million TEUs in the first 10 months of 2024. This marks a doubling since 2017 and […]
Read MoreAir cargo demand continued its upward trajectory in October, marking 15 straight months of growth. According to the International Air Transport Association (IATA), global air cargo demand, measured in cargo tonne km (CTK), increased by 9.8% year-over-year (y/y). Capacity also rose, growing 5.9% y/y, with the cargo load factor increasing 1.7 percentage points to reach […]
Read MoreRetailers and major trade associations are calling on East Coast and Gulf Coast port operators and unions to resume negotiations to prevent potential strike action when a temporary labor contract expires in January. The contract, established in October between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) following three days of strikes, […]
Read MoreThe International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) remain locked in a stalemate over the implementation of semi-automated rail-mounted gantry cranes (RMGs). After an October 2024 three-day strike, the two sides agreed to extend their master contract deadline to January 15, 2025, in hopes of resolving the dispute. However, recent […]
Read MoreSpot market rates from Asia to North Europe and the Mediterranean continued their upward trend into December, fueled by ocean carrier rate hikes on Dec. 1 and robust demand ahead of an early Lunar New Year starting Jan. 29. According to Drewry, rates from Shanghai to Rotterdam surged 19% week-over-week to $4,775 per FEU, while […]
Read MoreA survey conducted by Descartes Systems Group reveals that rising tariffs and trade barriers are the primary concerns for global supply chain leaders. According to the 2024 Supply Chain Intelligence Report: Escalating Challenges for Global Supply Chain Leaders, 48% of respondents cited these issues as their top challenge, followed by supply chain disruptions (45%) and […]
Read MoreThe global air cargo market entered its peak shipping season this week, with demand surging past available capacity, pushing rates on key trade lanes to new highs for 2024. Asian export routes and the trans-Atlantic corridor are experiencing particularly sharp rate increases, reflecting strong demand and limited supply. Spot rates for Shanghai to North Europe […]
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