Business
Longshoremen launched an overtime strike at the Port of Montreal Oct. 10, possibly bringing delays to cargo moving through the port, as mediation is proposed.During the strike, between the Longshoremen’s Union CUPE, Local 375, and the Maritime Employers Association, the port’s terminals will remain open, but longshoremen will not work overtime as part of their duties.The action follows a three-day strike that started Sept. 30 at the Viau and Maisonneuve ...
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Drewry, the maritime research and consultancy, said its World Container Index decreased 4 percent to US$3,216 per 40-foot container the week of Oct. 17.The latest Drewry WCI composite index is 69 percent below the previous pandemic peak of US$10,377 in September 2021, but it is ...
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Hub Group Inc., the comprehensive transportation and logistics management solutions, said Oct. 8 said it has entered a joint venture with EASO, a family owned, Mexico City-based intermodal and trucking logistics provider.The joint venture will be the largest cross-border and intra-Mexico intermodal company, positioning Hub ...
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Drewry, the independent maritime research consultancy, said its World Container Index decreased 4 percent to US$3,349 per 40-foot container the week of Oct. 10, 68 percent below the previous pandemic peak of US$10,377 in September 2021, but 136 percent more than he average pre-pandemic rate ...
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The Texas Port of Brownsville said it has secured a low-interest US$43 million loan from the Texas Department of Transportation, or TXDOT, for its Brazos Island Harbor Channel Improvement (BIH) project.The Ship Channel Improvement Revolving Fund, or SCIRF, loan provides the Port or Brownsville’s share ...
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The U.S. Department of Commerce, in collaboration with the Council on Foreign Relations, or CFR, hosted its inaugural Supply Chain Summit on Sept. 10, bringing together leaders from government, industry, academia, and communities.The summit was intended to highlight efforts by the U.S. government and industry ...
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Wallenius Wilhelmsen said four of the dozen Shaper-class vessels on order with Jinling Shipyard (Jiangsu) will be increased in size from 9,300 car equivalent units to about 11,700 CEUs – the largest pure car truck carriers to ever to sail and are intended to reduce ...
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Spliethoff said it has placed an order with Wuhu Shipyard Co. Ltd. in China for the construction of a new series of eight multipurpose vessels with an option for two additional vessels. This new series will be delivered starting the first quarter of 2028.The L-type ...
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SANY America, the U.S. subsidiary of a leading global heavy equipment manufacturer, has launched operations at a near-port warehouse and distribution facility, two miles from the Port of Wilmington.The Industrial Realty Group facility provides SANY America with the capabilities and infrastructure, including cranes and internal, ...
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The Montreal Port Authority, or MPA, is feeling the impacts of a partial strike by Longshoremen’s Union CUPE Local 375 workers at the Port of Montreal’s Viau and Maisonneuve terminals the morning of Sept. 30.MPA said the work stoppage effectively closed the two terminals and ...
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