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Top related persons:
Ricaurte Vásquez Morales - 1 Vásquez - 1 Luis Acosta - 1 TraPac - 1 Robert Bernardo - 1 Bryan Brandes - 1 Peter Friedmann - 1
Top related locs:
China Panama East Coast U.S Shenzhen Miami , Florida Suez New Orleans
Top related orgs:
Agriculture Transportation Coalition - 2 CNBC - 2 Gulf - 1 Panama Canal - 1 East - 1 LNG Allies - 1 Panama - 1 Afp - 1

Search resuls for: "Agriculture Transportation Coalition"


6 mentions found


☆ U.S. trade dominates Panama Canal traffic. 'Severe' drought is threatening the long-term future of the century-old shipping route
  + stars: | 2023-06-24 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +5 min
Forty percent of all U.S. container traffic travels through the Panama Canal every year, which in all, moves roughly $270 billion cargo annually. "The U.S. is the main the main source and destination of our traffic," said Ricaurte Vásquez Morales, administrator of the Panama Canal Administrator. The Panama Canal is popular for East Coast trade because it is faster than other options. Traveling through the Panama Canal, which is more expensive, takes only 35 days. The U.S. is the largest country to move energy commodities through the Panama Canal, including natural gas.
Persons: Ricaurte Vásquez Morales, Vásquez, Luis Acosta Organizations: Gulf, Panama Canal, East, Agriculture Transportation Coalition, CNBC, LNG Allies, Panama, Afp, Getty, Panama Canal Authority Locations: Panama, East Coast, U.S, Shenzhen, China, Miami , Florida, Suez, New Orleans, Mobile , Alabama, Colon province, Panama City
☆ West Coast ports shut down as union workers 'no show' after breakdown in wage negotiations
  + stars: | 2023-06-02 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +2 min
West Coast ports are shutting down as union workers "no show" after a breakdown in negotiations with port management. A source close to the situation told CNBC the port shutdowns are expected to spread across the West Coast as a result of lack of sufficient labor as workers protest over wage negotiations in contract talks with port management. Two of the Oakland port marine terminals — SSA, its largest, and TraPac — were closed as of the morning shift on Friday, said Robert Bernardo, spokesman for the Port of Oakland. The stoppages come at a time when activity at West Coast ports had picked up again after losing volume to the East Coast ports due to concerns about the volatile labor situation. At the Port of Oakland, total container volume increased for two consecutive months, with port officials optimistic about the upswing.
Persons: TraPac, Robert Bernardo, Bryan Brandes, Peter Friedmann Organizations: CNBC, SSA, Port, Fenix Marine, Oakland Maritime, Agriculture Transportation Coalition Locations: Coast, Port, Oakland, West, Port of Oakland, Los Angeles, Port of Hueneme, West Coast, East, South Korea, China
☆ Some supply chain managers are wary of shifting trade back to West Coast ports
  + stars: | 2023-01-03 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +2 min
Mario Tama | Getty ImagesNearly a third of logistics managers at major companies and trade groups say they do not know how much trade they would return to the West Coast once an International Longshore and Warehouse Union, or ILWU, labor deal is reached, according to CNBC's supply chain survey. Of those surveyed, 49% said they did not divert trade, compared to 40% who said they did. Zoom In Icon Arrows pointing outwardsOver half of those respondents told CNBC the main reason for moving trade away from the West Coast was the threat of an ILWU strike. About 40% cited both California's AB5 "gig worker" law, which concerns the employment status of drivers, and rail delays. Zoom In Icon Arrows pointing outwardsNegotiations between the ILWU and their employer, the Pacific Maritime Association, have been ongoing since May 10.
☆ Most supply chain managers expect problems to continue at least through 2024
  + stars: | 2022-12-23 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +5 min
The dour outlook comes after almost three years of global supply chain problems, which began with the shutdown of Wuhan, China, where the Covid outbreak began. Jon Gold, vice president of supply chain and customs policy of the NRF, said the administration has taken steps to address the supply chain challenges. Earlier this year, for example, the administration rolled out a pilot supply chain data sharing program called Freight Logistics Optimization Works, or FLOW. "The administration needs to remain focused and continue to convene the right supply chain stakeholders to discuss ways to improve supply chain operations and expand data sharing to create a truly 21st century supply chain," Gold said. Nate Herman, AAFA's senior vice president, of policy told CNBC the problems that created the supply chain crisis are far from over.
☆ Mississippi River water woes, retail overstock trailers: Latest supply chain stresses for economy
  + stars: | 2022-10-17 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +5 min
The towboat Roberta Tabor pushes barges up the Mississippi River in Granite City, Illinois, US, on Friday, July 9, 2022. Bloomberg | Bloomberg | Getty ImagesAccording to the National Weather Service Memphis Office, the Mississippi River is projected to tie the all-time record of -10.70 feet, either later today or tonight. The Mississippi River is a vital waterway for trade and the lower water levels have impacted the amount of commodities that can be imported or exported out of New Orleans. "Our members depend upon adequate water levels in the Mississippi River system, to reach domestic and international export markets. The East Coast congestion has had a massive impact on vessel reliability.
☆ Rail Shippers Brace for Potential National Strike
  + stars: | 2022-09-14 | by ( Paul Berger | ) www.wsj.com   time to read: +6 min
Companies from food suppliers in the Midwest to retail importers across the U.S. are bracing for a potential national rail strike by seeking alternative transport to keep their supply chains running. Tens of thousands of American workers are on strike and thousands more are attempting to unionize. “We believe the potential for a rail work stoppage is growing,” Citi’s Christian Wetherbee wrote in a research note Wednesday. Other shippers will have to hold on to cargo if the rail network shuts down. U.S. railroads hauled more than 18,000 carloads of grains over the past week, according to the Association of American Railroads.
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