A refreshing sign of progress announced in a joint statement on Tuesday which stated that both sides have come to an agreement on health benefits – one of the biggest issues of these negotiations. This agreement is tentative and hinges on agreements about other issues but this is seen as a major step forward in these seemingly endless negotiations. The International Longshore … [Read more...]
UPDATE: West Coast Ports
UPDATE: West Coast Ports Contract negotiations are continuing... and have been 'uncharacteristically tame'. The impact of the ongoing US West Coast labor talks could be considered widespread [JOC]: Diversions of US bound cargo to Vancouver DP World's Vancouver advised last week that it would stop accepting US bound rail cargo CN is sold out of intermodal … [Read more...]
US Export Restrictions Expand – Russia Responds with Import Bans
US Export Restrictions Expand - Russia Responds with Import Bans On July 29, 2014, The U.S. Commerce Department advised that it is further restricting trade with Russia in response to Russia's continued actions supporting separatists in Ukraine. BIS will institute a policy denying export, reexport or foreign transfer of certain items for use in Russia's energy sector that … [Read more...]
Peak Season Surcharges / General Rate Increases – What are they and when do they apply?
Peak Season Surcharges / General Rate Increases - What are they and when do they apply? Peak Season Surcharges (PSS) and General Rate Increases (GRI) are charges imposed by steamship lines during times of high demand or rising costs. The amounts of these fees can vary greatly by carrier as they are dependent on each carrier’s own projected supply and demand. PSS are … [Read more...]
The Latest: West Coast Port Negotiations
The Latest: West Coast Port Negotiations ILWU-PMA talks will resume Aug. 4 Contract negotiations talks are in recess until August 4th so that the ILWU can participate in in talks with grain handlers in the Northwest. From the JOC: In a joint statement, the ILWU and PMA said the past three days were marked by “productive” contract talks. Negotiations on the coastwide … [Read more...]