Freight News

ILA, USMX to Resume Talks Jan. 7, Reports

The International Longshoremen’s Association, or ILA, and U.S. Maritime Alliance, or USMX, will reportedly resume talks for a new master contract on Jan. 7, a little more than a week before a contract extension runs out on Jan. 15, according to a report by the Journal of Commerce.The ILA and USMX declined to comment on the status of negotiations, which affect about 45,000 dockworkers along the U.S. East and Gulf ... [+]

Schneider National Acquires Cowan Systems

Multimodal transportation giant Schneider National Inc. in November entered into a definitive agreement to acquire Cowan Systems LLC and affiliated entities for a cash purchase price of about US$390 million, subject to certain adjustments.The sale includes separate agreements to purchase certain real estate assets relating ... [+]

Roberts Succeeds Aubry as Savage CEO

Savage, the Salt Lake City-based of supply chain infrastructure and solutions provider, has only the fourth CEO in its 80-year history.Jeff Roberts took the reins Jan. 1, following the retirement of his predecessor, Kirk Aubry. Savage presented its CEO succession plan in June 2024, when ... [+]

Mexico Hikes Tariffs, Revises Import Program

Mexican President Claudia Sheinbaum on Dec. 20 introduced measures to protect the Mexican textile and apparel industries while addressing compliance challenges under the country’s IMMEX program, according to a report from Sandler, Travis and Rosenberg PA.“These changes represent a significant shift in Mexico’s trade and ... [+]

US Economy Displays Resilience, ITS Logistics

The U.S. economy in November displayed resilience amidst a transitioning monetary policy and external disruptions but faced ongoing challenges in housing affordability, labor market cooling, and inflationary stickiness, according to the latest ITS Logistics Supply Chain Report.Growth prospects also remain modestly positive, with fiscal and ... [+]

Drewry’s Container Index up 8% in October

Drewry, the maritime research and consultancy, said its World Container Index increased 3 percent to USUS$3,905 per 40-foot equivalent unit, or FEU, the week of Jan. 2.The latest Drewry WCI composite index is 62 percent below the previous pandemic peak of USUS$10,377 in September 2021, ... [+]

CII Honors Clifford, Pyron with Connie Awards

The Containerization & Intermodal Institute, or CII, honored Allen Clifford, executive vice president, MSC Mediterranean Shipping Co. (USA) Inc. with the 2024 Connie Award in front of nearly 600 transportation industry experts gathered on Dec 9 in Newark, NJ.Additionally, Clifford Pyron, advisor at Georgia Ports ... [+]

Latest Winning Yellow Bids Draw $192.5M

Estes Express Lines and R+L Carriers affiliate Ramar Land Corp. said they will pay US$192.5 million for eight owned properties and four leased terminals from the administrators of Yellow Corp., the bankrupt less-than-truckload carrier.Estes will pay US$142.5 million for seven owned and four leased terminals ... [+]

Trump Supports ILA in Automation Fight

President-elect Donald J. Trump expressed strong support for longshoremen and the International Longshoremen’s Association it its negotiations with terminal operators, following a two-hour meeting Dec. 12.Trump met with Harold J. Daggett, ILA president, and Dennis A. Daggett, ILA executive vice president at Trump’s Mar-A-Lago office ... [+]

Container Lines Unveil Transatlantic Loops

 Singapore-based carrier Ocean Network Express, or ONE, will join Ocean Alliance members CMA CGM, COSCO Shipping Lines, Oriental Overseas Container Line and Evergreen Line in three North Europe Transatlantic services, effective from February 2025.  “Combining our collective fleet deployment and market experience to provide a comprehensive ... [+]

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