Domestic Market Updates –
Weather: The Port of New Orleans has since resumed normal operations after temporarily closing from September 11th – prior to the hurricane’s landfall – till September 12th as of 6pm.
Over in Texas, due to the severity of the storm, authorities had to temporarily close the World Trade Bridge in Laredo, Texas – a major cross-border crossing – per Freightwaves, reports show that both sides of the border were open as of Monday. Some ports in Texas also experienced some temporary closures, but most were open by September 13th (with some restrictions), per the U.S. Coast Guard.
U.S. Labor Uncertainty: The ILA has wrapped up their two-days of meetings (Sept 4th-5th) during which it updated their wage scale committee on proposed contract terms and prepared members for the potential of a work stoppage at East/Gulf Coast ports. The President of the ILA, Harold Daggett, said they will hit the streets on October 1st, if they don’t receive the contract they feel they deserve.
For months the ILA and USMX have been at an impasse, following a halt in talks back in June when the union learned that automated systems were being used at some ports to process trucks.
Port Infrastructure: The Los Angeles Harbor Commission greenlights $52 million for on-dock rail capacity upgrades for Pier 300 terminal, the port said in a press release.
Truckload Market: The Labor Day holiday showed minimal impact on the U.S. trucking market, as rates remain steady. Per Freightwaves data, national dry van spot rates declined leading up to the holiday, while tender rejection rates briefly increased before seeing a decline this past week.
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.
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