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☆ Freight railroad alert raised to 'red' as shippers fear more West Coast port tensions
▼ + stars: | 2023-06-07 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

The slowdown in International Longshore and Warehouse Union work at West Coast ports has created a congestion contagion that is spreading to the freight railroads, with uncertain consequences for the supply chain. The West Coast ports, including Los Angeles and Long Beach, had seen an uptick in recent activity as labor talks progressed, taking back some volume from East Coast ports which had gained amid the labor tensions over the past year. That port processes less railroad freight compared to the ports of Los Angeles and Long Beach, which have been open with only certain terminals targeted for shutdowns. Brashier said there is concern that inland port intermodal (IPI) freight will be hit next. "Without a concrete resolution in sight, a lack of reliable communication from either party and the ILWU actions, shippers should stay vigilant and close to the situation on the West Coast as the situation remains extremely fluid," he said.

Persons: Paul Brashier, Brashier Organizations: ITS Logistics, Port, Rail, Los, Pacific Maritime Association, The Association of American Railroads, shutdowns Locations: West Coast, Los Angeles, Long, East Coast, U.S, Port, Oakland

☆ West Coast dockworkers disrupt trade for a fourth day, says maritime group
▼ + stars: | 2023-06-05 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +4 min

CNN —For a fourth day, dockworkers at West Coast ports in the United States are disrupting international trade, according to the Pacific Maritime Association. The West Coast ports, which once handled the bulk of US trade — especially during the pandemic, have relinquished some volume to the Gulf and East Coast Ports. The West Coast ports have said they are capable and open for business. Much of the diverted cargo may never return to the West Coast,” the PMA said. “We are getting there but it’s important to understand that West Coast dockworkers kept the economy going during the pandemic and lost their lives doing so.

Persons: Biden, ”, David French, Willie Adams, “, dockworkers Organizations: CNN, Pacific Maritime Association, Port, Warehouse Union, PMA, East Coast, National Retail Administration, National Retail Federation Locations: dockworkers, West Coast, United States, Port of Long, Los Angeles, Long, Oakland, Seattle, Port, Tacoma, Gulf, East, East Coast Ports, West, California

☆ 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

☆ Where the trucking and rail recession is showing up in the economic data
▼ + stars: | 2023-04-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

The decrease negatively impacts earnings for both trucking and rail where revenue is generated by moving freight. Ocean freight orders are a leading indicator of train and trucking earnings since 90% of the world's trade moves by water. This is one of three key supply chain charts that are signaling more financial potholes for trucking and rail companies. West Coast ports have been losing trade to both the East Coast ports and Gulf ports as a result of prolonged labor negotiations, though union representatives indicated last week a "tentative agreement" had been reached, but no details were provided. Trucking is needed for both container pick up at the ocean terminals and rail ramps.

☆ U.S. East Coast Port Workers Begin Early Contract Talks
▼ + stars: | 2023-02-07 | by ( Paul Berger | ) www.wsj.com time to read: +3 min

The International Longshoremen’s Association, which represents East Coast and Gulf Coast dockworkers, in September asked its locals to open talks with regional employer groups, said James McNamara, an ILA spokesman. A spokesman for the Pacific Maritime Association, which represents carriers and terminal operators on the West Coast, declined to comment. The Port of Houston and Georgia’s Port of Savannah have also benefited from freight diversions away from the West Coast. The West Coast labor talks have significant hurdles to overcome once the two sides resolve their regional disagreements, according to shipping industry officials. Shipping industry officials say the talks covering Gulf Coast and East Coast ports face fewer stumbling blocks.

☆ Jim Cramer says he likes these 3 industrial stocks heading into 2023
▼ + stars: | 2022-12-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday identified three industrial stocks that he believes are worth owning next year, saying he expects them to outperform the sector's top performers in 2022. The best-performing industrial stocks in the S&P 500 so far this year have been Northrop Grumman , Lockheed Martin and Deere — up 36.9%, 35.6% and 25.7%, respectively. Looking ahead, though, Cramer said he'd prefer to own the likes of Caterpillar , Illinois Tool Works and railroad operator CSX . Illinois Tool Works shares are down more than 12% in 2022 because fears of an economic slowdown have trumped the company's actual results, Cramer contended. Transports such as CSX — down nearly 16% year to date — are "totally hated" on Wall Street, Cramer acknowledged.

☆ U.S. Container Imports Are Plummeting to Close the Year
▼ + stars: | 2022-12-15 | by ( Paul Berger | ) www.wsj.com time to read: +4 min

Big U.S. ports are reporting steep declines in inbound container volumes for November, signaling a downturn in goods imports is accelerating and adding to concerns over a deeper slowdown in 2023. The ports also handled about 98,000 fewer inbound boxes last month than in November 2019 and imports have been below prepandemic levels since September. Port of Los Angeles Executive Director Gene Seroka said the U.S. is seeing a slowing of imports. They also diverted goods to Gulf Coast and East Coast ports due to fears of a work slowdown as West Coast dockworkers negotiate a new multiyear labor agreement. The downturn is reaching East Coast ports, which have seen relatively strong trade as companies shipped around California’s congested gateways.

☆ East Coast ports including New York are winning a domestic trade war at the expense of California
▼ + stars: | 2022-12-15 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

According to ITS Logistics which monitors rail cargo trends, the volume of freight moving out of the East Coast doubles that of the West Coast. East Coast ports making major investments East Coast ports like Georgia, Virginia and Maryland have been increasing their investment to accommodate the increase in rail capacity. "CSX continues to see the East Coast ports as a growth opportunity as volumes shift from congested West coast gateways," said Cindy Schild, CSX spokesperson. West Coast port declinewatch nowCargo volumes on the West Coast remained soft at the Port of Los Angeles in November, which saw a 21% decrease year over year in volumes. While the East Coast gains are significant, there was a "leveling" off of imports detected on the East Coast in November, according to port TEU data from the CNBC Supply Chain Heat Map.

☆ California Long Ruled U.S. Shipping. Importers Are Drifting East.
▼ + stars: | 2022-12-10 | by ( Paul Berger | Photographs David Walter Banks For The Wall Street Journal | ) www.wsj.com time to read: +13 min

Abercrombie & Fitch Co. is moving more merchandise through New York and New Jersey to avoid West Coast bottlenecks. It trailed its East Coast rival again in that measure during September and October, according to the Pacific Merchant Shipping Association and ports data. ”There are so many customers that got so screwed because they were entirely reliant on L.A. and Long Beach.”The logistical challenges of spreading imports along the East Coast and the Gulf Coast are massive. The shift in trade to the East Coast marks a return to where container ships originated. Then the U.S. began importing more goods from Europe, making an Atlantic Ocean crossing to various East Coast ports more critical.

☆ The busiest port in America is no longer on the West Coast
▼ + stars: | 2022-12-09 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

Since August, imports into the two major West Coast ports – Los Angeles and Long Beach – have declined. That cargo is now flowing into Gulf Coast ports like Savannah and New Orleans, and East Coast ports in New York and New Jersey. Around 20,000 dockworkers at West Coast ports, including Los Angeles and Long Beach, have been working without a contract since July 1. The jam at the West Coast ports delayed Americans getting goods and sent prices higher as demand outpaced supply. But until the labor dispute is resolved on the West Coast, it will be a challenge to lure importers back.

☆ Southern California’s Container Ship Backup Ends
▼ + stars: | 2022-11-22 | by ( Paul Berger | ) www.wsj.com time to read: +2 min

It is “time to move into a different phase of operations and declare that the backup has ended,“ Mr. Louttit said. The backup rippled through supply chains, causing monthslong delays in deliveries of furniture, electronics and clothing, and helped push ocean shipping prices to record levels. Many importers have also diverted goods away from West Coast ports. Disputes between dockworkers and their employers during previous labor talks on the West Coast have led to significant shipping delays. The diversions triggered backups at Gulf Coast and East Coast ports.

☆ U.S.-Europe Trade Booms as Old Allies Draw Closer
▼ + stars: | 2022-11-20 | by ( Tom Fairless | ) www.wsj.com time to read: +1 min

As trans-Atlantic trade booms, container volumes at West Coast ports like Los Angeles have been surpassed by surging volumes on the East Coast. FRANKFURT—The global economic map is rapidly transforming, with trade and investment between the U.S. and Europe booming as Russia’s war in Ukraine and fraying ties between the West and China draw the trans-Atlantic allies closer. The U.S. has imported more goods from Europe than from China this year, a big shift from the 2010s when China emerged as America’s dominant trade partner. From Swiss watches to German machinery and Italian luxury items, money and products are flooding across the Atlantic as never before. And it is pushing East Coast ports ahead of their West Coast counterparts in container volumes after years of a U.S. pivot to Asia.

☆ Imports Into Southern California’s Ports Plunged 26% in October
▼ + stars: | 2022-11-15 | by ( Paul Berger | ) www.wsj.com time to read: +3 min

Imports into the nation’s busiest container port complex in Southern California are plummeting as U.S. trade sputters and retailers and manufacturers shift their supply chains amid increasingly contentious West Coast port labor negotiations. Importers have said they are avoiding West Coast ports because previous contract talks have turned contentious and led to cargo slowdowns. Over the past few months, several West Coast ports have experienced sporadic work disruptions, although port officials say overall container movements remain steady. The declines are a contrast to East Coast ports that continue to see strong cargo volumes. That has also contributed to the recent decline in cargo volumes during what is normally a peak season for ocean shipping.

☆ Union vs. Union Dispute Stalls West Coast Port Labor Talks
▼ + stars: | 2022-11-08 | by ( Paul Berger | ) www.wsj.com time to read: +4 min

A dispute between two unions over which workers get certain jobs at a cargo-handling terminal at the Port of Seattle is holding up labor talks between West Coast dockworkers and their employers. West Coast port labor talks are often fraught. Importers are already diverting some goods to Gulf Coast and East Coast ports because of the risk of labor strife. The port talks are taking place against a backdrop of global freight labor unrest. West Coast dockworkers have been working without a contract since the most recent labor agreement expired in early July.

☆ Big decline in warehouse shipments is latest sign of the consumer pullback
▼ + stars: | 2022-10-10 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: 1 min

A big decline in warehouse orders leaving storage and heading to retailers is another signal of the pullback in consumer demand. According to the latest data from WarehouseQuote, outbound orders from customers shipping to retailers is down by one-third (-33%) year over year. Jordan Brunk, CMO of WarehouseQuote, said with fewer products being moved out of warehouses to go into stores there will be less warehouse space available for incoming orders. Year over year the West Coast has seen higher pricing for third-party logistics warehousing, but more recently (Q3 vs. Q2 2022), pricing has decreased, Brunk said, while the East Coast continues to see a rapid increase in pricing as more overseas trade is routed for East Coast ports to avoid West Coast port labor issues.

☆ New York is now the nation's busiest port in a historic tipping point for U.S.-bound trade
▼ + stars: | 2022-09-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

This comes as the flow of trade continues to move away from the West Coast with logistics managers worried about a labor strike or lockout. More East Coast trade, and more port congestionThe CNBC Supply Chain Heat Map for the U.S. shows how the continued increase in trade has East Coast ports and Gulf port as the winners in this movement of freight. Maritime prices fallingThe flow of trade away from the West Coast has decreased the demand for vessel space, leading Far East to West Coast maritime freight prices to fall. "Shippers are still bringing in a lot of containers, on the East Coast and West Coast and Gulf Coast as well." Shippers are still hesitant to return re-routed cargo to the U.S. West coast, Sand said.

☆ West Coast Port Labor Contract Talks Remain in Limbo
▼ + stars: | 2022-07-01 | by ( Paul Berger | ) www.wsj.com time to read: +3 min

Long-stalled West Coast port labor talks are showing no signs of progress, according to people familiar with the negotiations, extending uncertainty for U.S. retailers who rely on the coast to import goods from Asia. Some importers have been diverting furniture, clothes and electronics to East Coast and Gulf Coast ports in case the labor talks break down and lead to work disruptions or a strike. He said many retailers will likely plan to continue diverting goods to Gulf Coast and East Coast ports until they can be sure an agreement can be reached. There has been little impact on cargo operations at the ports during the contract talks beyond sporadic work disruptions at container terminals in Los Angeles and in Washington. People familiar with the talks say the sides are hung up on issues related to work in Seattle.

☆ Union Pacific says track congestion hurting ability to meet demand
▼ + stars: | 2022-04-21 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterA Union Pacific rail car is parked at the Canadian Pacific Railway (CP Rail) Toronto Yard in Scarborough, Ontario, Canada March 20, 2022. REUTERS/Chris HelgrenApril 21 (Reuters) - Union Pacific Corp (UNP.N) said on Thursday congestion on tracks was hurting its ability to meet shipping demand even as price hikes helped the U.S. railroad operator top market expectations for quarterly results. Freight shipment demand, however, has allowed companies including Union Pacific to raise prices and mitigate the impact of congestion, labor shortage and rising costs. Total operating revenue in the quarter rose to $5.86 billion, topping analysts' expectations of $5.72 billion, according to Refinitiv data. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nathan Gomes in Bengaluru; Additional reporting by Abhijith Ganapavaram Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

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