West Coast Ports Update: Negotiations Continue Contrary to some of the reports, both the PMA and ILWU confirmed that contract negotiations started on May 12th and have not been interrupted. From their joint statement: Both parties remain at the table and are working to reach agreement on a new coast-wide contract. The current six-year contract expires on June 30, … [Read more...]
Update on West Coast Port/Strike
Update on West Coast Port/Strike As of today, the ILWU and PMA are still in negotiations for their new labor agreement to replace the existing agreement expiring on June 30. The negotiations cover all US West Coast ports (including Los Angeles, Long Beach, Oakland, Portland, Seattle, Tacoma) but not those in Canada or along the US East/Gulf Coasts. Although some form of … [Read more...]
How to Compare Freight Quotes
How to Compare Freight Quotes How do you compare freight quotes to make sure you really are seeing the bottom line cost and comparing them equally? The best way to protect yourself and ensure you are seeing a true cost from your forwarders is to provide the most accurate information possible and also define the terms of the quote and what your expectations are in … [Read more...]
West Coast Port / Contract Negotiation Status
West Coast Port / Contract Negotiation Status In April, shippers have accelerated import shipments through several U.S. ports to avoid disruption at the West Coast Ports due, in part, to the potential 'slow down' or strike of the ILWU. Shippers have already begun to accelerate shipments according to Wolfe Research. Their quarterly survey results indicate that fifty-one … [Read more...]
Export Basics: Financing Exports
Export Basics: Financing Exports - 8th in this series Export financing is often a key factor in a successful sale. The following factors are important to consider in making decisions about financing (from the Basic Guide to Exporting): The need for financing to make the sale The length of time the product is being financed The cost of different methods of … [Read more...]