More than $855 million of the investment will go toward constructing offshore wind turbine production facilities, which will be completed by 2027.

For every day that the strike goes on, supply chains will need an additional three to five days to recover, the Railway Association of Canada estimates.

Cargo import volumes in the United States are expected to increase to 1.94 million units during July followed by 2.03 million units in August.

The BCMEA introduced a revised proposal aimed at resolving skilled trade shortages while also addressing ILWU Canada’s hope to expand its jurisdiction over regular terminal maintenance workers.

Vancouver, Canada’s busiest container port, and Prince Rupert together handle about $270 billion in trade annually.

The stance signals a tougher line for negotiations covering ports from Texas to Maine, as West Coast dockworkers prepare to vote on a tentative agreement.

The International Longshore and Warehouse Union Canada “has run out of options at the bargaining table,” it said in a June 28 statement on its website.

Fresh investment from DP World will help reduce congestion and slash the average stay for a vessel to 24 hours from five days.

Pipavav port, operated by APM Terminals, resumed landside operations, the company said in a statement late June 16, though marine and quay-side operations remained suspended.

The Port of Los Angeles handled 779,140 Twenty-Foot Equivalent Units during May 2023, a 60% increase when compared to February 2023.