Transportation

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Aug 15, 2023
Canadian dockworkers ratify new four-year contract 

The International Longshore and Warehouse Union Canada has ratified a new four-year contract in Canada’s West Coast ports, ending a…

Aug 4, 2023
EU reaches agreement on climate-neutral shipping

The European Union (EU) has reached agreement on the FuelEU Maritime initiative, which will bring shipping into the EU’s emissions…

Aug 3, 2023
The final approval of the European Chips Act

The EU Chips Act was approved by the Council of the European Union on July 25, aiming to invest €43…

Aug 2, 2023
Panama Canal adjusts daily transit capacity due to drought

Starting from 30 July 2023, the Panama Canal will adjust its daily transit capacity to around 32 ocean-going vessels per…

Aug 1, 2023
UPS Agreement poses potential rate hikes for shippers

A new five-year tentative agreement between UPS and the International Brotherhood of Teamsters has been reached. This deal is seen…

Aug 1, 2023
Trans-Pacific rates increase amid capacity cuts

Shipping lines are making progress in managing vessel capacity in the Asia-U.S. trades, leading to a continuous three-week rise in…

Jul 31, 2023
US imports outlook first half of 2023

The recent data from S&P Global Market Intelligence shows that containerized freight imports to the United States remained steady in…

Jul 26, 2023
Yellow Corp and Teamsters Reach Agreement

Yellow Corp and the Teamsters union have successfully avoided a strike by reaching an agreement that extends pension benefits and…

Jul 26, 2023
UPS and Teamsters Reach National Contract Agreement

UPS and the Teamsters union have reached a tentative agreement on a national contract, avoiding a potential strike that could…

Jul 21, 2023
Maersk ready to launch world’s first methanol-fueled containership

Maersk has taken delivery of the world’s first container ship powered by methanol fuel, representing a significant advancement in Maersk’s…