Here are some of the top news stories affecting global supply chains. The container shipping market is currently experiencing a high demand for more ships and containers, mostly driven by the disruptions caused by the Red Sea crisis. The situation has upset the balance between supply and demand, increasing the need for capacity and leading to a surge in ship orders, particularly from Chinese and S...
The International Longshoremen Association (ILA), representing about 85,000 port workers at U.S. East and Gulf Coast ports, is taking a stand in its labor negotiations. With a new labor contract needed soon, the ILA has suspended contract negotiations with the U.S. Maritime Alliance (USMX), which represents employers at the ports because of a dispute over automation, ILA leadership has signaled a ...
Here are some of the top global supply chain news stories happening right now. Canada’s labor board has intervened in a potential strike by rail workers at CN and CPKC, delaying a possible work stoppage that was slated to begin as early as May 22. The Canada Industrial Relations Board (CIRB) is reviewing whether a strike would have “potential impacts to the health and safety of Canadians.” The Tea...
Notice: A strike is likely that will affect imports arriving at Canada’s West Coast ports this month
With a 22 May deadline for Canada’s rail strike looming, many companies are drawing up contingency plans for North American west coast port calls out of concern for an extended recovery period, significant backlogs, and knock-on effects. Canadian rail workers union the Teamsters Canada Rail Conference (TCRC) called for industrial action following five months of unsuccessful discussions with employ...
The Transmodal Logistics Update for April 2024 Here is some of the top supply chain news happening right now. For the last several months, we’ve heard that the full impact of the Houthi attacks was still uncertain, but that has changed. Especially now that the situation in the Red Sea is intensifying as Somalis step up their pirate activity in the area. To date, carriers are being rerouted around ...
In 2023, the trade relationship between the United States and Thailand witnessed a remarkable upswing, particularly in the realm of imports from Thailand. This 400-word article delves into the dynamics of this bilateral trade, highlighting the major commodities and their values that characterized the imports from Thailand to the USA in 2023. **Overview of Trade Growth** The year 2023 marked a sign...
In 2023, the trade relationship between the United States and India continued to strengthen, reflecting a deepening economic partnership in a rapidly changing global landscape. This 400-word article will focus on the dynamics of this bilateral trade, particularly highlighting the major commodities and their values that characterized the imports from India to the USA in 2023. **Growth in Trade Volu...
The air cargo industry is experiencing a mini-boom, driven by the ever-increasing growth in e-commerce and perhaps partly due to the shift away from ocean carriers thanks to the Red Sea crisis. January 2024 saw an 18.4% increase in year-on-year cargo demand, which is the highest increase since the summer of 2021, and cargo ton kms (CTK) for the month even surpassed pre-Covid levels by 2.8%. Having...
In the complex arena of international trade, the Reconciliation process under the U.S. Customs and Border Protection (CBP) stands out as a vital tool for importers. Originating from the Customs Modernization Act (Mod Act) of 1993, this process has adapted to the evolving needs of global trade, particularly with its transition to the Automated Commercial Environment (ACE). **Evolution and Significa...