Plus, a $350K beef fraud sheme, trucker faced 17 deportations prior to deadly crash, Transfix debuts new tech, and more.
True āproduce seasonā in the continental United States lasts from about April to October, with Sun Belt markets dominating April through June and Midwestern markets dominating July through October.
In the latest episode of "The FreightCaviar Podcast", we sit down with Michael Caney, Chief Commercial Officer at Highway. He shares tips on protecting your business against fraud and talks about Highway's newest product.
Analyzing the shift of US imports from Asia: West Coast ports show resurgence as East Coast metrics present a mixed bag.
US imports from Asia are seeing a noticeable shift. The West Coast, especially, is making waves as it starts to reclaim its dominant position for imports.
Highlights:
This return of cargo to the West Coast might be influenced by the recent ratification of the International Longshore and Warehouse Union contract. This move has significantly boosted retailers' confidence, evidenced by the ports' ability to handle more cargo almost immediately.
It's crucial to monitor the port dynamics, especially considering the September 2024 expiration of the labor contract for East and Gulf Coast ports.
Sources: Journal of Commerces' Gateway | John Paul Hampstead/Twitter
Panama Canal issues are having an impact.
ā HUNTSMAN š“āā ļø (@maphumanintent) October 24, 2023
I'd also guess that efficiency is down for USEC rail carriers vice USWC on IPI, but that's a hunch based on personal experience.
The looming US East Coast port strike could disrupt 550,000 TEUs weekly, prompting shippers to turn to Canadian ports as a potential alternative.
ILA union threatens Oct 1 strike, risking 43% of U.S. imports. Businesses worry as billions in daily trade hang in the balance.
U.S. ports report record July container volumes driven by early holiday shipping, with Los Angeles and Long Beach leading gains.
A fire on a Taiwanese cargo ship at China's Ningbo-Zhoushan Port caused an explosion felt kilometers away.
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