A spokesperson for the ILWU (International Longshore and Warehouse Union) said that the ILWU Longshore caucus composed of 90 members ratified the ILWU contract with the Pacific Maritime Association by 78%, sending the contract to the full membership for final ratification vote.
Not only are ports along the U.S. East Coast benefiting as shippers look for options to congested West Coast gateways, but opportunities also await in the Caribbean and Mexico as near-sourcing of products for American consumers is likely to accelerate.
Opening the Georgia Logistics Summit, the top supply chain executive of a major food products marketer says the recent West Coast port congestion crisis provides an opportunity for improvement that should not be missed.
East Coast ports look to see significant long-term container volume growth in the wake of West Coast labor and congestion issues, according to opening session speakers at the JAXPORT Logistics & Intermodal Conference.
The dry bulk carrier market is once again bumping along at historic lows with Baltic Dry Index (BDI) running in the mid-500 range. One quarter into 2015, here are some
early takeaways on the dry bulk market in the Year of the Goat.