Domestic Market Updates –
Labor: Contract deadline is inching closer (Sept. 30th) as negotiations between the International Longshoremen’s Association and United States Maritime Alliance (USMX) are still far apart. Union President Daggett said the ILA will not seek talks to extend their current contract or looking for assistance from outside parties to get involved in their negotiations.
Diesel Update: This week the average price of diesel decreased by 3.9 cents. Making the average diesel price $3.862, per the U.S. EIA.
Intermodal: A ruling from the Canada Industrial Relations Board is expected by August 9th. The CIRB is deciding whether some critical shipments should be required to continue even in the event of a strike. If one of the parties (the rail unions or their employers) wants to go on strike or have a worker lockout, a 72-hour notice MUST be filed by the initiating party. Additionally, the CIRB may require a cooling-off period to be order after the board makes their decision.
Labor: The International Longshore and Warehouse Union (ILWU Local 1514) gave DP World Canada a 72-hour strike notice scheduled to begin on July 8th at 6:30pm CST. However, the Canada Industrial Relations Board (CIRB) intervened, ruling the union’s strike vote illegal because they did not engage in good faith bargaining during the process. As a result, the strike will not proceed as planned.
Infrastructure: The Port of Los Angeles has reached completion on their Pier 400 rail expansion project, per Freightwaves. Adding 5 tracks to their on-dock yard at APM terminals facility, new crossovers and turnouts, and more.
Intermodal: Border agents in Canada have ratified a new contract, which will last through June 2026. This comes after a tentative agreement was reached on June 11th, after nine days of mediation. The new contact includes wage increases and provisions for shift scheduling and leave time.
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