Transportation

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Sep 21, 2023
US imports outperforming 2019 levels

According to Descartes, US import volumes are still trending above 2019 comparables. The National Retail Federation pointed to modest gains…

Sep 18, 2023
UPS announces 2024 rate increase

On the back of the recently ratified five-year contract between UPS and the International Brotherhood of Teamsters, UPS has announced a 5.9%…

Sep 5, 2023
Teamsters ratify a historic contract with UPS

The International Brotherhood of Teamsters has ratified a five-year contract with UPS, with 86.3% of its members voting in favor.…

Aug 31, 2023
Mexico truck driver strike postponed

The threat of a nationwide strike and protests by Mexican cargo truck drivers was postponed this week after federal authorities…

Aug 31, 2023
Perspective on Panama Canal Congestion

The Panama Canal Authority (ACP) continues to face what it describes as an “unprecedented challenge” this year due to drought…

Aug 16, 2023
Yellow’s capacity and rates fallout

As the third-largest US less-than-truckload (LTL) carrier with approximately 8.6% domestic market share, Yellow’s collapse will reduce market overcapacity, portending…

Aug 15, 2023
Panama Canal announces new booking condition

The Panama Canal has experienced increased congestion due to transit restrictions brought on by low water levels due to drought,…

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…