U.S. import volume in November, measured in twenty-foot-containers, is down 12.8 percent from October and another 15.2 percent from November of last year. The total number of TEUs imported for the month was 1,245,889. This is the lowest amount of U.S. imports for the month of November since 2003.
The Panama Canal is due for at least one additional expansion, according to Alberto Aleman Zubieta, immediate past commissioner of the Panama Canal Authority.
A potential labor strike by longshoremen along the U.S. East and Gulf Coasts at the end of the year could have devastating economic consequences as inventory depletion, rerouting, hoarding, and price speculation ripple through supply chains of global companies, according to a report from the Marsh research firm.
Import cargo volume at the nation's major retail container ports is expected to increase 3.9 percent in December despite a strike that closed the nation's largest port complex for the first few days of the month, but retailers are keeping a close watch on a possible strike on the East Coast and Gulf Coast, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
CargoSmart Ltd., a vendor of shipping and logistics applications in a software-as-a-service (SaaS) mode, has created a new visibility tool for shippers and logistics service providers.
October saw an increase in container carriers' global on-time performance to 84 percent, which is a record high, according to the monthly Global Liner Report from SeaIntel Maritime Analysis. This was driven by improvements in 25 out of the 32 trades covered.
The 15 member lines of the Transpacific Stabilization Agreement (TSA), who until now have limited their rate and service discussions to eastbound container movements from Asia to the U.S., are seeking to expand the group's scope to include the westbound trade.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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