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☆ Rail trade from Canada plummets due to West Coast ports strike, down nearly 50%
▼ + stars: | 2023-07-12 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Year-over-year intermodal Canadian rail was down 46.2% last week as a result of the strike. Weekly rail trade data from the Association of American Railroads shows the devastating impact that Canadian West Coast ports strike is having on freight rail cargo entering the U.S. The U.S. and Canada have a historically strong trade relationship: Each country is the other's top trading partner. The Canadian Chamber of Commerce estimates $605 million in trade moves through one of those two ports daily. The International Longshoremen and Warehouse Union of Canada begin its strike on July 1.

Persons: Vancouver and Prince Rupert, Paul Brashier, Prince Rupert, Brashier, Eric Byer, Byer, Willie Adams, Sara Elena, Medea, Rob Ashton, Steve Lamar Organizations: AAR, Association of American Railroads, Railway Association of Canada, Canadian Chamber of Commerce, Warehouse Union of Canada, British Columbia Maritime Employers Association, ITS Logistics, ITS, U.S ., National Association of Chemical Distributors, Products, CNBC, Hyundai, CMA, Canadian Labor, Labor, Bank of Canada, American Apparel and Footwear Association Locations: West Coast, U.S, Canada, Vancouver, British, United States, U.S . West Coast, East Coast, Western Canada, Asia, Chicago, San Francisco

☆ Canada port strike may add to inflation concerns ahead of rate decision
▼ + stars: | 2023-07-06 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

[1/3] A view shows placards as longshoremen with the International Longshore and Warehouse Union Canada (ILWU) strike outside the Port of Vancouver's Neptune Bulk Terminals in North Vancouver, British Columbia, Canada July 5, 2023. Some 7,500 dock workers went on strike on Saturday for higher wages, upending operations at two of Canada's three busiest ports, the Port of Vancouver and Port of Prince Rupert. Money markets expect the central bank to tighten further, possibly as soon as at a policy decision next Wednesday. The Canadian Manufacturers & Exporters (CM&E) industry body said the strike is disrupting C$500 million in trade every day. ($1 = 1.3360 Canadian dollars)Reporting by Fergal Smith, editing by Steve Scherer and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Port of Prince Rupert, Andrew Grantham, Seamus O'Regan, It's, Robert Kavcic, Fergal Smith, Steve Scherer, Josie Kao Organizations: Warehouse Union, REUTERS, TORONTO, Bank of Canada, BoC, CIBC Capital Markets, Bank of, Reuters, Twitter, Canadian Manufacturers, BMO Capital Markets, Thomson Locations: of, North Vancouver, British Columbia, Canada, Port of Vancouver, Port of, Bank of Canada

☆ Containerships diverted from Vancouver amid port strikes, headed for Seattle
▼ + stars: | 2023-07-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Two containerships originally bound for the Port of Vancouver are changing course and have been diverted to the Port of Seattle, according to VesselsValue tracking data, as labor strikes at West Coast ports in Canada stretch into their sixth day. The distance between the Port of Vancouver and the Port of Seattle is a little over a half-day's trip traveling at typical speeds. New data from MarineTraffic shows 15 containerships bound for Vancouver and 9 containerships bound for Prince Rupert. They were scheduled to arrive at the Port of Vancouver on July 3 and were then destined by rail for Memphis. The ocean carriers are the final arbiter in any container destination change.

Persons: Sara Elena, It's, Prince Rupert, Port of Prince Rupert, Paul Brashier, Brashier Organizations: Port, CNBC, Tacoma . ITS Logistics, ITS Logistics, American Apparel and Footwear Association, National Retail Federation, British Columbia Maritime Employers Association, Warehouse Union Locations: Vancouver, Port of Seattle, West Coast, Canada, San Francisco, Port of Vancouver, Seattle, Port, Port of, Asia, Tacoma, Memphis, United States, British

A union representing port workers in Western Canada officially began striking, an action that could have ripple effects reaching beyond the U.S.'s northern neighbor. The International Longshore & Warehouse Union Canada's Longshore Division announced its labor strike began in a Saturday Facebook post signed by union president Rob Ashton. More than 99% of members of the union, who support West Coast ports such as Vancouver and Prince Rupert, voted to approve the strike last month. In an email to CNBC, BNSF said it had no comment on a strike impact. In a CPKC customer advisory issued Wednesday, the railway said: "The work stoppage related to this notice could impact port operations in British Columbia.

Persons: Rob Ashton, Prince Rupert, Ashton, Seamus O'Regan Jr, Port of Prince Rupert, Paul Brashire, of Prince Rupert, Berkshire Hathaway, CPKC, Steve Lamar Organizations: Warehouse, Longshore Division, Facebook, Canada Longshore, British Columbia Maritime Employers Association, Canadian, U.S, CNBC, Tacoma ., Longshoremen's Association, Warehouse Union, ITS Logistics, Port, BNSF, American Apparel and Footwear Association Locations: Western Canada, West Coast, Vancouver, British, Canada, Port, Port of, Asia, Seattle, Tacoma, U.S, Chicago, Detroit, of, Canadian Pacific, Berkshire, British Columbia

☆ Thousands of port workers in Canada's British Columbia go on strike
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +2 min

July 1 (Reuters) - Several thousand unionized port workers in Canada's western province of British Columbia went on strike after failing to reach a deal to renew an industry-wide contract that expired in March, a waterfront employers group said on Saturday. The British Columbia Maritime Employers Association (BCMEA) said it and the International Longshore and Warehouse Union Canada (ILWU Canada) had met Thursday and Friday in talks supported by the Federal Mediation and Conciliation Service. ILWU Canada members were on strike at sites across British Columbia, the BCMEA said. [1/6]Longshoremen with the International Longshore and Warehouse Union Canada (ILWU) strike at Canada's busiest port in Vancouver, British Columbia, Canada July 1, 2023. On Wednesday, the longshore workers union said it had issued a 72-hour strike notice.

Persons: Chris Helgren, Seamus O'Regan Jr, Anirudh, Jonathan Oatis Organizations: British Columbia, British Columbia Maritime Employers Association, Warehouse Union, Federal Mediation, Conciliation Service, Canada's, REUTERS, Canadian Federation of Independent Business, ILWU, Thomson Locations: Canada's, British, Canada, British Columbia, Vancouver , British Columbia, ILWU Canada, Bengaluru

☆ West Coast port labor issues continue as some Los Angeles-bound rail shipments get paused
▼ + stars: | 2023-06-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Aerial view of containers and cargo ships at the Port of Los Angeles on Jan. 19, 2022 in San Pedro, California. Union Pacific is no longer accepting exports or empty containers at its Denver rail terminal destined for the Port of Los Angeles, a proactive move that reflects the supply chain issues that have arisen due to ongoing West Coast port labor issues. That is critical for food and agriculture shipments, where products can spoil — the U.S. agriculture industry uses the West Coast predominantly for its goods. The Port of Los Angeles is the nation's busiest port, processing $440 billion in cargo value per year. Berkshire Hathaway subsidiary BNSF and Union Pacific are the railroads servicing the West Coast ports.

Persons: Paul Brashier Organizations: Port, San Pedro , California ., San Pedro , California . Union Pacific, CNBC, Ocean, CMA, Pacific, Union Pacific, Berkshire Hathaway, BNSF, ITS Logistics, Pacific Maritime Association, Oakland, Truckers, Marine Services, Maersk Locations: Port of Los Angeles, San Pedro , California, San Pedro , California . Union, Denver, West Coast, Los Angeles, East Coast, Long, U.S, Seattle, OOCL, COSCO Shipping, Sealand, Evergreen

The Port of Long Beach is the second-busiest U.S. container terminal and a key driver of economic activity. That industry accounts for about half of the volume at the nation's container ports and is gearing up for back-to-school, Christmas and key sales events. That facility is majority owned by container shipping giant Mediterranean Shipping Company SA (MSC). Pacific Container Terminal, owned by Carrix Inc's SSA Marine, was closed on Monday for normal operational reasons having nothing to do with labor, terminal general manager Randy Galosic told Reuters. Many West Coast terminals are fully or partly owned by those shipping companies.

Persons: Biden, dockworkers, David French, TTI, Lee Peterson, Randy Galosic, Lisa Baertlein, Will Dunham, Chizu Organizations: National Retail Federation, Mediterranean Shipping Company SA, Warehouse Union, Coast, Container, Carrix, SSA, Reuters, ILWU, Long, Thomson Locations: ANGELES, West Coast, Southern California's Port, Long, Oakland , California, California, Washington, TTI, Los Angeles, Oakland, Long Beach, West

☆ 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

☆ Largest terminal at Long Beach, California port won't open Monday after getting hit by labor turmoil
▼ + stars: | 2023-06-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +1 min

The largest terminal operator at the Port of Long Beach and Seattle told truckers Sunday it will close for both the day and night shifts on Monday, according to an email obtained by CNBC. Ports and workers are locked in an unofficial dispute over wages, as well as safety, automation and pension benefits. TTI email to trucking clients of terminal closures Monday amidst labor turmoilThe notice was sent by Total Terminals International (TTI), the largest terminal in Long Beach and a unit of MSC. "Port of Long Beach cargo has been moving through the terminals and we do expect the commitment by the parties to continue and encourage the parties to put [a] full faith effort for a final resolution," said Mario Cordero, executive director of the Port of Long Beach. "To put it lightly, gate disruptions make it difficult for our members to plan and deploy truck capacity," said Schrap.

Persons: Mario Cordero, Matt Schrap, Longshoremen Organizations: Port, CNBC, Total Terminals, MSC, Harbor Trucking Association Locations: Port of Long Beach, Seattle, Long Beach, of Long Beach

☆ Insider Interview: James Comey explains the rule-bending feds in his new and 'real' mystery novel
▼ + stars: | 2023-06-03 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +15 min

Insider: Let's talk about Benny Dugan, the salty, streetwise investigator who works with prosecutors for the Southern District of New York. And I would say, "What makes you think I'm a good person?" Insider: Correct me if I'm wrong, but don't all the good people get bought up by the end of the book? There are at least 57 FBIs — a New York FBI, a Saint Louis FBI, headquarters, the Washington Field Office. I don't think we've grappled with the implications of that, and whether it fits within our normal Fourth Amendment framework.

Persons: James Comey's, Benny Dugan, Dugan, Smith, —, — relents, Donald Trump, Trump, Comey, Hillary Clinton, Steele, wasn't Comey, Long, Kenneth McCabe, Benny, Kenny, Nora, I've, John le Carré, that's shortsighted, Matt Parker, James Comey, I'm, You've, Martin Scorsese, they've, Mattathias Schwartz Organizations: Wesson, Trump —, FBI, Southern, of, Justice Department, Twitter, US, CIA, New York FBI, Saint Louis FBI, Washington Field Office, State Department, Justice, New Yorker Mafia, La Cosa Nostra, Cosa Nostra, FISA Locations: of New York, Washington, Brooklyn, New York, Manhattan

The West Coast is home to the busiest U.S. container port complex at Los Angeles/Long Beach. Pacific Coast ports are an important engine of the U.S. economy and handle everything from apparel and furniture to agricultural products and automobiles. Some Port of Los Angeles terminals were affected by labor shortages, a spokesperson there said. Meanwhile, West Coast ports have lost cargo to rival ports on the East and Gulf Coasts as shippers worry that a breakdown in talks could strand cargo on ships or in docks. Reporting by Lisa Baertlein in Los Angeles; Editing by Will Dunham and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Willie Adams, Adams, Mario Cordero, Cordero, Friday's, Lisa Baertlein, Will Dunham, Diane Craft Organizations: U.S . West, Pacific Maritime Association, Warehouse Union, ILWU, Twitter, Long Beach, Walmart, Thomson Locations: ANGELES, U.S . West Coast, Los Angeles, Long Beach, Oakland, California, Tacoma, Seattle, Washington, Coast, Pacific Coast, U.S, Port, Long, West Coast, Gulf Coasts

☆ Adidas wants to move on from the Kanye West scandal, but investors are angry and suing
▼ + stars: | 2023-05-01 | by ( Matthew Kish | ) www.businessinsider.com time to read: +2 min

Investors sued Adidas over its failed Kanye West deal, arguing it didn't properly manage the risk. In the lawsuit, investors claimed Adidas "ignored serious issues" with regard to Ye's "extreme behavior," and didn't properly manage the resulting risks, including with inventory. If certified, the lawsuit would proceed on behalf of investors who purchased shares of Adidas between May 3, 2018, and February 21, 2023. In the wake of splitting with Ye, Adidas, under new CEO Bjørn Gulden, is focusing more on sports, including basketball and soccer, as Gulden works to reset the brand. The organization purchased 2,837 shares of Adidas stock in early 2022 for more than $350,000, according to an exhibit attached to the lawsuit.

☆ 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.

☆ Why Global Supply Chains May Never Be the Same - A WSJ Documentary
▼ + stars: | 2022-11-03 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Why Global Supply Chains May Never Be the Same - A WSJ Documentary The pandemic exposed breaking points in the system that would fundamentally alter consumer expectations of getting anything we want whenever we want it. By Wall Street Journal Mar 23, 2022 9:30 am Every day, millions of sailors, truck drivers, longshoremen, warehouse workers and delivery drivers keep mountains of goods moving into stores and homes to meet consumers’ increasing expectations of convenience. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. Photo illustration: Adele Morgan

☆ Freight Labor Unrest Is Going Global and Weighing on Supply Chains
▼ + stars: | 2022-09-21 | by ( Paul Berger | Liz Young | ) www.wsj.com time to read: +7 min

Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. The Biden administration narrowly avoided a systemwide freight rail shutdown last week after brokering a last-minute deal between railroads and unions. The Biden administration narrowly avoided a systemwide freight rail shutdown last week after brokering a last-minute deal between railroads and unions. The labor concerns have grown as some of the broader pandemic-driven upheaval in supply chains, including factory closures and vessel backlogs at ports, have eased.

☆ Freight Labor Unrest is Going Global and Weighing on Supply Chains
▼ + stars: | 2022-09-21 | by ( Paul Berger | Liz Young | ) www.wsj.com time to read: +7 min

☆ Port Labor Talks Stall as Worker Disruptions Grow
▼ + stars: | 2022-09-19 | by ( Paul Berger | ) www.wsj.com time to read: +5 min

West Coast port labor talks are stalled as dockworker disputes hit the region’s big trade gateways, according to shipping industry officials who fear the negotiations could take months to resolve. “What you are starting to hear is people are losing faith,” said one shipping industry official. In August 40,000 containers were diverted from the Port of Los Angeles to the neighboring Port of Long Beach because of one labor dispute. The concerns over the progress of the talks comes as labor disputes around the U.S. are growing. Shipping industry officials say they also want the government to get more involved in the port labor talks.

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