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News

Transpacific Eastbound General Rate Increase (GRI), and Bunker Fuel Adjustments

The following announced levels from carriers are for implemented GRI’s effective for June 1st.

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U.S. Economy Summary – April 2015

“Although the leading economic index still points to a moderate expansion in economic activity, its slowing growth rate over recent months suggests weaker growth may be ahead,” said Ataman Ozyildirim, Economist at The Conference Board. “Building permits was the weakest component this month, but average working hours and manufacturing new orders have also slowed the LEI’s growth over the last six months.”

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April 2015 Manufacturing ISM Report on Business

Institute for Supply Management

Economic activity in the manufacturing sector expanded in April for the 28th consecutive month, and the overall economy grew for the 71st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Container Shipments MIQ

Update: Port Truck Driver Strike Ends As Remaining Picketers Return to Work

Long Beach Post

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.

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Globe Logistics

America Trade Programs FAQ

Question: What is TPA?

Answer: Trade Promotion Authority—or TPA—is a partnership between Congress and the administration that helps secure the most effective trade agreements possible. It has three main components: a list of congressionally-prescribed negotiating objectives that sets priorities for the administration to follow; robust consultation and transparency requirements that give Congress adequate oversight of negotiations and give the public a full understanding of what an agreement would mean; and a streamlined procedure to vote on a trade agreement if the administration meets its TPA obligations.

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Globe Logistics

America’s Trade Priorities Advance on Several Fronts

Trade Agreements Put on Fast Track

The Bipartisan Congressional Trade Priorities and Accountability Act (TPA) [1] introduced by Senate Finance Committee Chairman Orrin Hatch (R-Utah), Ranking Member Ron Wyden (D-Ore.) and House Ways and Means Chairman Paul Ryan (R-Wis.) easily passed its first hurdle when both House and Senate committees agreed to give President Obama fast-track authority to negotiate trade deals such as the Trans Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (T-TIP).  The bipartisan legislation also allows Congress to vote on the treaties.  But the package of bills intended to speed completion of the deal also imposes difficult burdens on its negotiators.[2]   The legislation faces difficult fights over amendments on human trafficking, currency and investor-state dispute settlement (ISDS).

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Shipping Carrier and Containers

U.S. Ports See Costly Delays as Cargo Ships, Volumes Grow

The Wall Street Journal

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.

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Shipping Logistics Picture

Port truck drivers strike for second day

LA Times

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.

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Cass Freight Index Report – March 2015

Cass Information Systems

North American shipment volume and expenditures rose again in March as shipments picked up significantly from the West Coast ports. The U.S. and global economies did not grow as much as expected in the first quarter, but freight movement in the U.S. continues to strengthen.

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Imports Rising as West Coast Ports Recover

National Retail Federation

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.

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