Negotiations have reached a stalemate. On Wednesday, locomotive engineers, yard workers, and rail traffic controllers from the Canadian Railway Union (TCRC) voted overwhelmingly to support the strike. Over 9,000 Canadian railway workers could go on strike as early as May 22, significantly impacting the country’s two major railways—Canadian National Railway (CN) and Canadian Pacific Kansas…
Recently, many people have been asking why there has been a sudden surge in congestion and price increases? It’s understandable to be confused, as May is not typically a peak season. So why the sudden congestion? Is this a temporary bubble, or is it an early arrival of a peak season supported by actual cargo…
On May 14th, the White House announced that President Biden has issued a proclamation to increase tariffs on various products from China. The affected products include steel and aluminum, semiconductors, electric vehicles, batteries, critical minerals, solar panels, ships, cranes, and medical supplies. Specifically： Electric vehicles: Tariffs will be increased from 25% to 100%. Batteries, battery…
Countless sellers face challenges as multiple popular Amazon warehouses in the Western U.S. grapple with severe overstocking issues amid unforeseen events, including natural disasters, increased stockpiling, and staff reductions, further compounded by the aftermath of a fire at an overseas warehouse. The highly anticipated Amazon Prime Day mega sale of 2024 is looming, yet unforeseen…
As time passes, the impact of the situation in the Red Sea on detours is continuously manifesting. Recently, container shipping rates have once again soared, with freight forwarding companies universally reporting a severe ‘shortage of containers’ issue. ‘Prices are rising again, and it’s impossible to secure containers!‘ remarked a head of a freight forwarding company,…
1、Australia Launches Anti-Circumvention Investigation on Chinese Coil Anti-Dumping Case On 9 May 2024, the Australian Anti-Dumping Council (ADC) issued Notice No. 2024/029, stating that it had initiated an anti-circumvention investigation into the anti-dumping case of China’s rod in coil in response to an application filed by InfraBuild (Newcastle) Pty Ltd, an Australian domestic enterprise. The…
L.A. Marina: business is good. Towing company: no cargo The trajectory of the American shipping market this year has been somewhat unusual, particularly in recent weeks. The same question can yield vastly different answers from different individuals. Even within the same market, perceptions can vary significantly. Various data sources (LA/LB Port Authority, PIERS, Datamyne) indicate…
According to the latest data from the Xeneta Shipping Index (XSI®), maritime container carriers are navigating between risk and reward in new contract negotiations due to ongoing uncertainty in the Red Sea market. Xeneta’s latest data released on May 2nd shows that the global XSI index (the average price of all valid long-term contracts in…
International shipping lines add peak season surcharges To continue providing our global services, Maersk Line is implementing Peak Season Surcharge (PSS) for all dry containers from Far East (excluding Vietnam and Chinese Taipei) to South America West Coast, effective from May 1st, 2024. For all dry containers from Vietnam to South America West Coast, effective…
In March, the Port of Houston processed 360,991 twenty-foot equivalent units (TEUs), marking a 20% year-on-year increase. Officials noted a 4% rise in overall cargo volume through the Houston Ship Channel and the port’s two container facilities, Barbours Cut and Bayport, for the first quarter. “Container throughput for the first quarter was notably strong as…
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