In what is being described as an effort to “restore service levels,” container shipping lines comprising the Transpacific Stabilization Agreement (TSA) are attempting to pull off a significant rate hike this summer.
News / Ocean Market
The last of the striking Long Beach and Los Angeles port truck drivers ended their picketing today with employees of Pacific 9 Transportation (Pac 9) returning to work.
The Port of Virginia, one of the nation’s largest, was built to handle high volumes of cargo traffic entering and exiting the U.S.
Some truck drivers who haul goods from the ports of Los Angeles and Long Beach struck for the second day Tuesday in a protest against four companies they accuse of wage theft.
Import cargo volume at the nation’s major retail container ports is expected to rise 8 percent this month over the same time last year as West Coast ports continue to recover from a backlog of cargo that built up before a tentative new labor agreement was signed, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Roughly six weeks after the International Warehouse & Longshore Union and the Pacific Maritime Association (PMA) reached a tentative five-year labor agreement, following nine months of often acrimonious negotiations that led to myriad supply chain and logistics disruptions, the ILWU said late last week that steps are being taken to make the tentative agreement a done deal.
A union caucus representing dockworkers at West Coast ports voted to recommend to its members a labor contract deal reached over months of negotiations that led to major disruptions to trans-Pacific trade, the U.S. Department of Labor said on Friday.
Delegates for International Longshore and Warehouse Union members are recommending the full union ratify a proposed five-year contract with West Coast port businesses.
Top executives from the ports of Long Beach and Los Angeles held a kickoff meeting last week, starting to work together on cargo conveyance strategies that will enhance supply chain speed and efficiency, according to a City of Los Angeles statement.
Zurich Insurance and their head of Strategic Business Risk, Linda Conrad, are sharing some interesting insights into the longer-term financial implications of the prolonged West Coast port disruption for retailers across the country.