Industry news
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Britain in a hurry! An eight-day terminal strike at Felixstowe, the biggest container port, will add to the congestion and delays
Workers at Felixstowe, the UK's biggest container port, will walk out for eight days from August 21 to August 29 Nearly half of the UK's container traffic comes from Felixstowe and the strike, which will involve more than 1,900 union m...Read more -
Just! FMC set up a new enforcement agency, a sword company and a terminal operator
Like the Marine industry, which was pushed to the edge of the wind during the epidemic! The U.S. Federal Maritime Commission (FMC), which is in charge of implementing OSRA, a new shipping reform bill that Biden personally pushed for, has taken new actions. ...Read more -
In August, only China and the United States airlines close to 100 sailings, the ship company to increase efforts to save the market!
Today is the first day of August, which is also the turning point of the airline market predicted by the industry, but the global shipping market is still depressed! The Freightos Baltic Index (FBX), developed by Freightos and Baltic, a leading global digital logistics p...Read more -
The two sides in the dockworker talks have just announced “significant progress.”
Good NEWS HAS EMERGED FROM THE INDUSTRY's closely watched labor negotiations FOR DOCkworkers in the WEST of THE United States. The two sides have reached a tentative The International Terminal and Warehouse Union (ILWU) has been in tal...Read more -
Blockbuster! Europe’s 10 biggest shippers’ associations have joined forces to press the EU to tighten its collective exemption for shipping companies
After the epidemic, freight owners and logistics enterprises in Europe and the United States are increasingly settling accounts for container liner companies. It is reported that recently, 10 major shippers and forwarder organizations from Europe have once again signed a letter asking the Europea...Read more -
The strike in Oakland entered its third day: all ports were shut down and port operations faced paralysis.
A trucker strike at the Port of Oakland has continued for the third day since Monday, with about 450 protesters protesting AB5 blocking all terminals and shutting down operations at the port. Truckers protesting in Oakland reportedly s...Read more -
Another major European container port is at risk of a strike
Before we talk about the strike at the new port, let’s review the details of the previous strike at the German port. German dockworkers are due to go on strike for 48 hours from 6pm local time on July 14, following an impasse in wage negotiations with their employers. According to Rail Tran...Read more -
ILWU and PMA are likely to reach a new dockside labor contract in August-September!
As predicted, a growing number of sources close to the ongoing US dockside labor negotiations believe that while there are still several difficult issues to be resolved, it is increasingly likely that a deal will be reached in August or September with little disruption at the dockside! I have als...Read more -
Witness history again! Us inflation hit 9.1% in June! Demand outlook cast a shadow again!
This comes on the heels of data released late on Wednesday that showed THE US consumer price index (CPI) rose 9.1% year on year in June, beating market expectations of 8.8% and recording the fastest growth since 1981. Stocks and bonds plunged in Europe and the US, the do...Read more -
Another record! Cosco expects net profit of 64.716 billion yuan in the first half of the year! Year-on-year increase of about 74.45%!
On the evening of July 6, CoSCO Released the forecast of the 2022 half-year performance. According to the preliminary calculation, it is expected that the net profit attributable to shareholders of listed companies in the first half of 2022 is about 64.716 billion yuan, ...Read more -
DB Schenker bought the US logistics company for $435m
DB Schenker, the world's third largest logistics provider, announced the acquisition of USA Truck in an all-stock deal to accelerate its presence in the United States. DB Schenker said it will buy all common...Read more -
Urgent! The United States banned the import of Xinjiang cotton, strict inspection of textiles！
Urgent notice: from June 21, the enforcement of the US cotton ban in Xinjiang will be upgraded again! Recently, the US Customs strictly checks the textile goods, and there will be more cases of seizure and inspection. The main check of this inspection is whether the textile goods contain Xinjiang...Read more
