Monthly Archives for June 2023

La. Governor aims to restore funds for new Port NOLA terminal Louisiana’s state legislators made a surprise cut to funding the Port of New Orleans planned to use for the design and planning of a new $1.5 billion mega-terminal. La. Governor aims to restore funds for new Port NOLA terminal Journal of Commerce

Teamsters-ABF pact would boost LTL wages, limit driverless technology Leaders within the International Brotherhood of Teamsters have endorsed a tentative contract reached with ABF that would set a high bar for other unionized carriers in the largely non-union less-than-truckload sector. Teamsters-ABF pact would boost LTL wages, limit driverless technology Journal of Commerce

ILWU scores 32% wage increase, million bonus in tentative new contract In addition to a 32% increase in dockworker wages over the life of the six-year deal, the tentative US West Coast longshore labor agreement includes a one-time $70 million bonus for staying on the job during the COVID-19 pandemic. ILWU scores 32% wage increase, […]

West India ports reopen to limited operations after cyclone Some inland logistics services have resumed, but vessel movements at the ports of Pipavav and Mundra remain suspended due to disruption stemming from Cyclone Biparjoy. West India ports reopen to limited operations after cyclone Journal of Commerce

Chassis providers rehabbing fleets as costs for new units remain elevated With demand in ports and rail hubs weak, chassis providers are turning their attention to refurbishing older, less reliable units, a process that is expected to take years to complete. Chassis providers rehabbing fleets as costs for new units remain elevated Journal of Commerce

Resilient US trucking revenues could slow capacity adjustments: analyst Despite a sharp decline in rates amid slowing demand and higher costs, total revenue for truck transportation companies remains elevated, and that could keep capacity in the market longer, writes Professor Jason Miller. Resilient US trucking revenues could slow capacity adjustments: analyst Journal of Commerce

Tentative West Coast longshore deal triggers lengthy ratification process After 13 months of contentious negotiations that spawned numerous job actions by dockworkers, the ILWU and waterfront employers will engage in a ratification process expected to take several months. Tentative West Coast longshore deal triggers lengthy ratification process Journal of Commerce

West Coast labor deal finally reached, but the damage is done Labor woes along the West Coast over the past year highlighted a stark difference: Shippers on the East and Gulf coasts are customers whose business is valued, while West Coast shippers are not customers in the traditional sense, but more like helpless bystanders, writes […]

May US imports highest of 2023, but down 20% from year-ago: data ost big US ports are closing out the first half of 2023 with year-on-year double-digit volume declines as retail sales falter, but the West Coast labor deal may spark a seasonal uptick. May US imports highest of 2023, but down 20% from year-ago: […]

Teamsters asks Yellow workers for contract talk ‘priorities’ Despite disagreement over Yellow’s restructuring plans, the Teamsters union is taking a first step toward opening contract talks by surveying 22,000 union members online. Teamsters asks Yellow workers for contract talk ‘priorities’ Journal of Commerce