Effects of Canadian Port Closures
Effects of Canadian Port Closures A labor dispute has significantly impacted Canada’s western ports, including Vancouver and Prince Rupert, critical hubs for international trade. Over 700 dock workers were locked out following contract disputes, halting key operations at container, automotive, and breakbulk terminals. While grain and petroleum shipments remain unaffected, industries like potash, containerized freight, […]
Panama Canal Tariff Impact Looms
Panama Canal Tariff Impact Looms for LNG The Panama Canal’s role in U.S.-China LNG trade faces potential disruption from proposed U.S. tariffs on Chinese imports. ACP Chief Ricaurte Vasquez highlighted this risk at the Houston International Maritime Conference, explaining that a 60% tariff could shift LNG trade flows, forcing shipments onto longer, costlier routes. This […]
Return to Tariff Turbulence
Returning To Tariff Turbulence As Donald Trump gears up for another term, his aggressive stance on trade, especially with China, could deeply impact the cost and flow of imports to the U.S. Trump has proposed tariffs between 60% and 100% on Chinese imports and up to 20% on all foreign imports, which would directly raise […]
USDOT Fast Tracks Rail Upgrades
U.S.D.O.T. Fast Tracks Railroad Infrastructure Improvements The USDOT’s $2.4 billion investment in U.S. rail infrastructure will enhance freight flow, safety, and resilience across the nation. This funding, covering over 120 projects in 41 states, supports critical upgrades in key logistics hubs. Highlights include $26.5 million for the Colonel’s Island Terminal at Georgia’s Port of Brunswick, […]
Election’s Impact On Supply Chain
Election’s Impact on Supply Chain The upcoming U.S. presidential election could significantly impact supply chains, as C-suite leaders brace for potential economic, regulatory, and geopolitical changes. Nearly 33% of executives cite geopolitical risks as top concerns, highlighting the pressure on procurement and supply chains to adapt. Recent events, like the ILA port strike affecting East […]
Record Surge at Port of Los Angeles
Port of Los Angeles Reports Record Volume The Port of Los Angeles saw record volumes in Q3 2024, handling an all-time high of 2.85 million TEUs, up 27% year-over-year, driven by front-loaded holiday season shipments. September alone hit 954,706 TEUs, with imports surging 26% as retailers moved to offset potential disruptions from Asian port congestion, […]
Leaner Holiday Supply Chains
Leaner Holiday Supply Chains As inflation impacts consumer spending power, retailers and supply chain leaders are doubling down on efficiency for the holiday season. A survey reveals that 85% of consumers are prioritizing discounts, and many retailers (around 70%) are committed to offering promotions to boost holiday sales. However, the supply chain side is evolving, […]
The Fallout from the US Port Strike
Port Strike Fallout The ILA’s three-day strike across major East and Gulf Coast ports spared the trucking sector from major freight rate disruptions but left lingering effects that continue to ripple through logistics networks. With intermodal freight representing under 10% of U.S. freight, the limited impact reflects the strike’s brevity. However, container dwell times and […]
Hurricane Milton
Florida Bracing for Hurricane Milton As Hurricane Milton nears Florida’s Gulf Coast, the state braces for severe damage. Local leaders warn that intense storm surges and widespread flooding could devastate Tampa Bay, where Tampa’s Mayor Jane Castor described the storm’s destructive potential as “something only seen in movies.” Officials across Florida have issued evacuation orders […]
US Port Strike Has Officially Ended
Port Strike Has Ended As fast as it began, a crippling three-day strike across U.S. East Coast and Gulf Coast ports has ended with a tentative agreement between the International Longshoremen’s Association (ILA) and port operators. The deal includes a 62% wage increase over six years, raising the average wage to $63 per hour, though […]
