SCFI Plunges 55% Since Early 2022 Due to Weaker Demand

Demand for container exports from China weakened in Week 37 as demand decreased among consumers in the U.S. and Europe as well, keeping spot rates on a downward trend. The composite Shanghai Contai...


2-Week Strikes Launched at Liverpool

More than 560 port operatives and maintenance engineers at the U.K. port of Liverpool who are members of the Unite the Union launched a two-week strike on Tuesday, which is scheduled to end on Oct....


Japan-US Box Exports Grow 0.2% in Aug.

Container exports from Japan to the U.S. amounted to 52,259 TEUs in August (based on volumes at ports of origin), according to Descartes Datanyme. From a month earlier, they shrank 4.9%, but from a...


US Railroads, Unions Reach Tentative Agreement, Averting Strikes

Rail companies and union negotiators reached a tentative agreement last Thursday, the U.S. Department of Labor has announced. In the midst of fears over strikes and lockouts as the end of the cooli...


DOL: Railroad Labor, Management Reach Tentative Agreement

The U.S. Department of Labor announced yesterday that railroad companies and union negotiators had reached a tentative agreement.  


EU to Spend EUR5 Bln. on Transport Infrastructure Development

The European Commission (EC) has launched a call for proposals under the Connecting Europe Facility (CEF) for Transport program that makes available over EUR5 billion (US$4.99 billion) for European...


SCFI Declines for 13 Consecutive Weeks

Freight rates for container exports from China remained bearish on major trades on Week 36. The composite Shanghai Containerized Freight Index (SCFI), an indicator for spot rates for outbound conta...


NS to Close Gates to Intermodal Traffic

The Norfolk Southern Railway (NS) will close all gates to intermodal traffic at noon on Wednesday local time, suspending the acceptance of new shipments and empty containers. Strikes and lockouts c...


US Railroad Strikes Could be Staged on Saturday

A total of 10 railroad unions have reached either tentative or final agreements on new labor contracts in the ongoing negotiations between 12 unions and the National Carriers' Conference Committee ...


US Imports Down 0.4% in July

With inflation continuing and the Federal Reserve Board (FRB) hoping to cool demand through higher interest rates, imports to U.S. major container ports are expected to fall below last year's level...



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