LOS ANGELES — Truck drivers who haul goods from the nation’s busiest port complex in Southern California walked off the job Monday in a dispute over their wages and employee status, months after another West Coast labor conflict cost major delays in billions of dollars of trade.
(Reuters) – Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year’s planned expansion of the Panama Canal, the world’s fourth biggest player said on Monday.
New Jersey will need to invest more in highway and rail freight infrastructure to handle the increasing cargo volume at Port Elizabeth/Port Newark that is propelling the growth of the state’s transportation and logistics sector, said State Senate President Stephen Sweeney, D-Gloucester.
Demand-driven logistics spans the world…in practice and in print. For a host of reasons, U.S. shippers and consignees are taking control of how they pull—and push—global product to market.
Since the early 1990s, global trade agreements have divided the world up into larger and larger chunks of trading blocks where goods can flow virtually unimpeded across national borders that once protected their precious industries from outside competition with tariffs, duties and penalties. The Free Trade Agreement between the U.S., Canada and Mexico was signed […]
Even with a very slight decline, the non-manufacturing activity for the month of March was strong, according to data issued today by the Institute for Supply Management (ISM) in its Non-Manufacturing Report on Business
Oil companies have a knack for picking the bottom in crude prices, and history may be about to repeat itself. Traders and analysts are speculating that Royal Dutch Shell Plc’s takeover of BG Group Plc for $70 billion announced Wednesday may be the first in a wave of acquisitions as Big Oil seeks to drive […]
(This article required registration at the Journal of Commerce. To access, please click on the above link.) U.S. West coast shippers are taking a much-needed sigh of relief after International Longshore and Warehouse Union delegates voted in favor of recommending the tentative five-year agreement with waterfront employers to rank-and-file members
(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Global air cargo traffic soared by 11.7 percent in February, driven largely by the timing of the Chinese lunar New Year and the congestion at U.S. West Coast ports, the International Air Transport Association reported. There was a […]
The United States Department of Transportation (DOT) introduced The GROW AMERICA Act, a six-year, $478 million transportation reauthorization bill yesterday. Specific components of the GROW AMERICA act include: $317 billion towards the nation’s highway and road safety, which will increase the amount of highway funds by an average of about 29 percent above FY 2015 […]
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