19 Jul 2023

Resumption of UPS Union Talks Amid Looming Strike Action

UPS and union representatives are scheduled to resume talks in the coming week as the threat of an impending strike looms, with less than two weeks remaining before the current deal with the Teamsters union expires on July 31. Express delivery company UPS is urging swift action to reach a resolution with the Teamsters union, […]

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17 Jul 2023

US Forwarders Advised to Prepare for Potential UPS Strike Disruption

Freight forwarders in the United States have been warned to prepare for potential strike action at UPS and the looming insolvency of major trucking firm Yellow Freight. The situation has raised concerns over the impact it may have on supply chains and the flow of goods across the country. Brandon Fried, the executive director of […]

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07 Jul 2023

Has the Decline in Air Cargo Rates and Volumes Reached its Lowest Point?

In the recent Baltic Exchange air cargo market update, two crucial questions were raised regarding the state of rates and volumes in the industry. Addressing the issue of demand, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel, presented three potential scenarios. In his bullish thesis, Chan […]

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16 Jun 2023

Rebounding US Warehouse Demand Could Benefit from Resolution of West Coast Port Dispute

A 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 […]

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14 Jun 2023

Impact of Panama Canal Load Restrictions and US Stevedore Strikes on the Global Shipping Sector

As 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 […]

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10 Jun 2023

Baltimore Field Office of CBP Secures Top Rank in Intercepting Stolen Vehicles Bound for Overseas Shipment

During 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 […]

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05 Jun 2023

Retailers and Manufacturers Call on White House to Intervene in Labor Dispute at West Coast Ports

WASHINGTON/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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31 May 2023

Airfreight Rates Suffer from Decreased Demand and Increased Belly Capacity

The month of May brought further challenges for airfreight rates as a combination of weak demand and a steady influx of returning belly capacity continued to impact the industry. Experts anticipate that this pressure on rates will persist throughout the year. Bruce Chan, director and senior research analyst at investment bank Stifel, expressed concerns about […]

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