The port in the south of the country was closed after strikes on December 10 left 1.5 million people and all non-critical infrastructure without power.
Maritime-area employers until just recently have enjoyed strong profits. But the sharp drop in volumes to West Coast ports could work as a bargaining chip in their favor, against longshoremen, and play into Biden’s hand.
Prime Minister Rishi Sunak said on December 7 that he would bring in "new tough laws" to curb the impact of strikes as he criticized "unreasonable" union chiefs.
Global Container Terminals’ owners Ontario Teachers’ Pension Plan, IFM Investors and British Columbia Investment Management Corp. have been exploring a sale of the two container terminals.
The Berlin incursion by Letzte Generation, or Last Generation, closed both runways, leading five services to be canceled and delaying departures and arrivals, while 15 inbound flights already en route had to be diverted.
The U.S. has imported more goods from Europe than from China in 2022, pushing East Coast ports ahead of their West Coast counterparts in import volumes
Cargo volume at the Port of Los Angeles dropped in October as the Port handled 678,429 Twenty-Foot Equivalent Units (TEUs), a 25% decrease from October 2021.
The latest news, analysis, services and systems regarding global seaports and airports and their impact on global supply chains. Today’s companies are transporting and delivering goods to more international customers than ever before through global ports and free and foreign trade zones. As infrastructure around these global gateways continues to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving supply chain operations through their strategic use of global seaports and airports.
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