Panama Canal Plans to Cut Transits by 40% Due to Ongoing Drought
The Panama Canal Authority released plans to drastically scale down transits at the canal phased in over the next three months as it reports water levels have continued to decline to unprecedented levels for this time of year. The current plan would see transits reduced by 43 percent by February 1, with large containerships, and […]
Airfreight Rate Increases Pick Up Pace in October
Airfreight rates on major east-west trades picked up in October as the industry entered its traditional peak season.
Unionized Employees Ratify Collective Agreement with St. Lawrence Seaway Management Corporation
The St. Lawrence Seaway Management Corporation (SLSMC) announced on November 2 the ratification of a three-year collective agreement with its 360 unionized employees represented by Unifor.
Maersk Cutting 10,000 Jobs in Face of ‘Worsening Market Conditions’
Maersk revealed Friday that it is “intensifying” job cuts in light of the “worsening market conditions” in ocean shipping.
Complaints to FMC Over Shipping Industry Tripled in Two Years
The number of complaints to the U.S. Federal Maritime Commission over the shipping industry’s business practices, and mostly detention and demurrage fees, have more than tripled in the past two years, according to a new report in the Financial Times. The newspaper reports that, according to data from the FMC, shippers have filed nearly 400 […]
More Casualties Expected, with U.S. Trucking on a ‘Road of Pain’
The collapse of Yellow Freight, the third-largest operator on the U.S. less-than-truckload scene, hit headlines beyond the industry, but meanwhile devastation generally is playing out across the truckload sector.
Carriers Under Fire as Call Comes for Clearer Rules on Invoicing D&D Charges
An investigation into allegations that MSC wrongly billed D&D charges has raised claims that the carrier may not be alone in such practices.
Canada Officially Jettisons the Hamburg Rules: Marine Liability Act Amended
After two decades of consistent recommendations by Transport Canada, it appears that the Canadian Parliament has finally given up hope of implementing the Hamburg Rules as a new liability regime for the carriage of goods by water. Among the several amendments made by the omnibus Budget Implementation Act, 2023, No. 1 (S.C. 2023, c. 26) to the Marine […]
Transatlantic Westbound ‘a Total Disaster’, with ‘Unsustainable’ Rates
According to CMA CGM, westbound transatlantic ocean rates have now hit “unsustainable levels.”
Tentative Agreement Reached, St. Lawrence Seaway Reopens
The St. Lawrence Seaway Management Corporation (SLSMC) and the union representing 360 unionized employees reached an agreement that ends the strike that began on October 22. The agreement will have to be ratified by employees in the coming days.