Excerpts from an analysis by the Journal of Commerce:
Just when you thought the news couldn’t get worse for global container carriers that lost an estimated $650 million collectively in the first half [...]
Excerpts from a commentary in The Hill:
The Jones Act keeps this country strong by supporting jobs at American shipyards, promoting industrial investment and training, and contributing to our country’s economy and national defense.
Even so, every month you can count on special interests claiming that the Jones Act has outlived its usefulness and should [...]
Fresh off the three-month peak season in which retailers rush to stock their stores for the holidays, the Port of Long Beach reported a rise in cargo flow in October, while decreasing market share continues to reflect Port of Los Angeles’ falling numbers, according to statistics released Friday.
Terminals at the Port of Long Beach [...]
From The Guardian:
The more you know about the odious Trans-Pacific Partnership, the less you’ll like it. It’s made for corporate intellectual property and profits
No clearer demonstration of the real White House view is offered than a just-leaked draft of an international treaty that would, as many had feared, create draconian new rights for [...]
Hapag-Lloyd AG said third-quarter profit fell almost 64 percent as Europe’s fourth-largest container-shipping line confronted low peak-season freight rates.
Net income dropped to 16.6 million euros ($22.3 million) from 45.6 million euros a year earlier, the Hamburg-based company said in a statement. The average freight rate declined more than 10 percent to $1,476 per standard [...]
The White House has announced that President Obama has cancelled his trip to Bali for APEC, where the political trade-offs on the TPPA were expected to get underway.
Obama had already canned the Malaysia and Philippines legs of his Asia trip, which was seen as a blow to the US strategy to reassert its presence [...]
The Port of Los Angeles has eliminated a fee on cargo containers that it authorized five years ago, but never implemented.
The so-called Infrastructure Cargo Fee (ICF) was supposed to be assessed on all loaded containers passing through the port, and paid by cargo owners. The money would have been used to fund a variety [...]
A new report from the Center for Economic and Policy Research (CEPR) finds that most U.S. workers would experience a net negative impact from the proposed Trans-Pacific Partnership (TPP) trade deal currently under negotiation. The paper, “Gains from Trade? The Net Effect of the Trans-Pacific Partnership Agreement on U.S. Wages,” by economist David Rosnick uses [...]
From two recent reports:
Port of Long Beach cargo numbers leveled off in June
The Press Telegram reports that “After months of double-digit jumps, cargo movement at the Port of Long Beach leveled off in June when compared to the same time a year ago, according to the statistics released Monday. Overall container volumes at [...]
The Port of Tacoma’s terminals handled 617,076 container units through April. That compares with 458,477 in 2012.
Much of the credit for those bigger numbers goes to the Grand Alliance, a consortium of four shipping lines that moved to the Port of Tacoma from the Port of Seattle last July. The four container lines, NYK, [...]
More than 16 million U.S. jobs depend on imports, according to a new study commissioned by the Consumer Electronics Association, the U.S. Chamber of Commerce, the National Retail Federation, and the American Apparel & Footwear Association.
The economic impact study, which was prepared by Laura M. Baughman and Joseph F. Francois of Trade Partnership Worldwide, [...]
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