According to Supply Chain Dive, The Port of Long Beach achieved a record-breaking June by processing 842,446 TEUs, marking a 41% year-over-year increase. This surge, attributed to high consumer demand, potential tariff hikes, and labor contract concerns for East and Gulf Coast ports, surpassed the previous record set in June 2022.
According to FreightWaves, California’s Advanced Clean Fleets rule is likely to impact Mexico cross-border trucking operators. Many fleet owners are not ready to comply with this rule, which takes effect in January 2025.
According to FreightWaves, the U.S. Supreme Court has made a decision that could help freight carriers challenge regulations more easily. In a 6-3 ruling, the Court overturned the Chevron doctrine, a 40-year-old policy that required lower courts to always side with federal agencies when regulations were unclear.
According to The Loadstar, inbound container volumes were up 5.6% in May compared to last year. This follows YOY increases of 26.5% in February, 19.9% in March, and 13.4% in April.
According to Supply Chain Dive, Canadian border agents will vote on a new four-year labor agreement with the government between June 20 and July 4. The union's negotiating committee has recommended ratifying the deal, which follows two years without a contract for the over 9,000 members of the Canada Border Services Agency.
According to CNBC, talks between the International Longshoremen’s Association (ILA) – which represents the union workers at East Coast and Gulf Coast ports – and the ports have broken down over automation allegations.
According to Trucking Dive, the transportation market is experiencing a “rightsizing.” 2024 is seeing about the same number of new trucking companies enter the market as there were last year. Overall, however, there are more trucking companies shutting down than there are entering the industry.
According to The Loadstar, forwarders are reporting that there are container shortages in northern China. This is primarily due to a strong market and lower vessel capacity related to events in the Red Sea.
According to Supply Chain Dive, Port of Los Angeles Executive Director Gene Seroka recently estimated that 2%-5% of shippers’ cargo has moved back from the East Coast to the West Coast. More cargo is expected to follow, especially if East and Gulf Coast port labor negotiations break down over the summer.
According to the JOC, the container shipping market has experienced an unexpected sharp spike in demand, which seems to be an early start to the peak season. This early rush may be driven by shippers' fears of disruptions from labor negotiations on the US East Coast, or due to rerouting services around Africa.
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