Domestic Market Updates –
Canada Labor Uncertainty:
Last Thursday, the Canadian Teamsters (TCRC) filed four separate appeals, contesting the Labor Minister’s arbitration order and the CIRB’s decision to end the lockout and work stoppage, per Freightwaves. Two appeals are related to each railroad. This action follows the union’s pledge to challenge the ruling.
The parties involved have been ordered to binding arbitration and the CIRB has issued an order for no additional strikes/lockouts to occur during this process.
Cross-border (Canada): Canada will impose a 100% tariff on Chinese-made electric vehicles starting October 1st, and a 25% tariff on Chinese steel and aluminum from October 15th, per Freightwaves. The tariffs will cover electric, hybrid vehicles, and Chinese-produced trucks and buses.
Port of Portland: A group of shipping stakeholders have given Oregon Governor a business plan to maintain international container service at the Port of Portland’s Terminal 6. The plan addresses past issues with container volumes and outlines efforts to increase vessel allocations. The port aims to double container volumes at T6 by 2032 and has agreed to raise carrier rates by 16-20% starting in 2023.
This comes after the port planned to cease container services at the terminal by October 2024, after experiencing significant financial losses.
U.S. Labor Uncertainty: The East/Gulf Coast Dockworker contract expires on September 30th, with the International Longshoremen’s Association set to present their final demands and strike strategies to union delegates on September 4-5th. Key issues focus on wage increase and automation concerns.
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