Import cargo volume at the nation’s major retail container ports is expected to rise an unusually high 16.9 percent this month over the same time last year as West Coast ports begin to dig out from a backlog of cargo that built up during just-concluded contract negotiations with dockworkers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
News / Global Logistics
Efforts to eliminate a cargo backlog at the Port of Oakland are meeting with success. The Port said today gains in container movement are visible from ship to shore. The signs include:
The top officials at the Ports of Los Angeles and Long Beach said that it would take three months to clear the thousands of containers left stranded on nearly two dozen ships — the product of epic congestion exacerbated by contentious labor talks between dockworkers and management.
Expected post-Lunar New Year cargo growth will accelerate equipment, cargo handling and other costs going forward.
While the full impact on ocean carrier deployments to U.S. West Coat ports has yet to be measured, major players comprising the Transpacific Stabilization Agreement (TSA) are standing firm on raising rates.
With the Pacific Maritime Association (PMA) and the International Longshore & Warehouse Union (ILWU) recently agreeing to a tentative agreement on a new five-year contract last weekend covering about 20,000 port employees at 29 West Coast ports following roughly nine months of stops and starts and acrimonious negotiations, the focus for all port and supply chain stakeholders is firmly on the future.
Supply Chain 247
For the past few weeks, a labor dispute has been unfolding at the Port of Los Angeles and the Port of Long Beach.
After flying over the area while coming in to land at LAX, I saw all of these giant container ships anchored offshore and instantly knew that I had to photograph it.
Macy’s Inc (M.N) said sales and margins in the current quarter would be hurt by disruptions at U.S. West Coast ports, and the retailer forecast full-year profit and revenue that fell short of analysts’ expectations.
Congestion at the U.S. West Coast ports could take as much as two months to unwind, according to port and trade group officials, with retailers and other companies bracing for further shipment delays after the apparent resolution of a months-long labor dispute.
Ports are coming back to life along the U.S. West Coast after dockworkers resolved a nine-month labor standoff, though the cargo backlog from ships waiting offshore may take eight weeks to clear.
The Pacific Maritime Association (PMA) and the International Longshore Warehouse Union (ILWU) announced a tentative agreement that must still be approved by the ILWU membership.