News
MIDWEST U.S. DIESEL PRICES CLIMBING
May 18, 2013
The cost of diesel fuel in the U.S. Midwest climbed by 2.9 cents the week of May 6 - making it the only region in the United States to have prices climb. National prices however have been declining, and there has been a 7.5% overall decrease over ten weeks. The most drastic price declines were seen in California.
-Source: http://www.joc.com/economy-watch/us-economy-news/diesel-prices-rise-midwest_20130507.html
A YEAR INTO FREE TRADE AGREEMENT, U.S. EXPORTS TO COLOMBIA SOAR
May 18, 2013
A year after a free trade agreement between the United States and Colombia went into effect, U.S. goods exports and agricultural exports to Colombia have increased by 20 and 62%, respectively. Exports of transportation equipment, petroleum, coal products, processed food and computer/electronic parts have been identified as goods that have seen particularly noticeable increases in exports.
PORT TARIFFS MAY INCREASE IN CALIFORNIA
May 16, 2013
The California Association of Port Authorities (CAPA) is reportedly pushing for a 1.7% increase in port tariffs in July. The proposal is being considered in hearings in Oakland, Los Angeles and Long Beach.
SEVERE WEATHER IN BANGLADESH IMPACTING LOGISTICS
May 15, 2013
Ocean transportation to Bangladesh's principal port - Chittagong - has been stopped due to Cyclone Mahasen, which will be hitting land today. Work at the port stopped at 1100 hours today, and vessels are being moved from berths as the cyclone approaches.
For updates on the severe weather in Bangladesh, please continue to check the Compass newsfeeds on Facebook, Twitter and Compassfwd.com.
-Source: Logistics industry source in Bangladesh
TOLL RATE HIKED AT SUEZ CANAL
May 15, 2013
Toll rates were hiked at the Suez Canal as of May 1, having an impact on global ocean transportation. Container vessels will see increases of roughly 2%, while oil and bulk vessels will experience roughly 5% increases.
First quarter sailings through the canal are reported to have decreased by 6.7% year-over-year.
U.S. CLOSED TRADE DEFICIT IN MARCH
May 15, 2013
The United States decreased its trade deficit in March by USD 5 billion month-to-month, based on data from the Department of Commerce. The deficit fell by USD12.9 billion year-over-year due to a USD13.3 billion fall in imports.
-Source: http://www.americanshipper.com/Main/News/US_trade_deficit_fell_in_March_53778.aspx?taxonomy=Markets
AFTER 40 DAYS, PORT STRIKE ENDS IN HONG KONG
May 7, 2013
A port strike that has crippled Hong Kong for more than a month ended on Monday as a pay increase of 9.8% was agreed upon. It is reported that those vessels that were not re-routed to avoid the strike had to wait as much as three days to gain access to the port. The resulting backlog is believed to have reached 80-90,000 containers.
-Source: Wall Street Journal, Times Colonist
AIRFREIGHT VOLUMES DROP GLOBALLY IN MARCH, THOUGH MIDDLE EAST AND AFRICA CONTINUE TO GROW
May 2, 2013
Worldwide airfreight volumes dropped in March as indicated by International Air Transport Association (IATA) data, which shows a 2.3% month-over-month drop in Freight Tonne Kilometers (FTKs). The largest drops in volume were experienced amongst airlines in North America, where demand fell by 5.2% and capacity by 2.7%. The Middle East and Africa showed growth though as volume and capacity grew 10.5% and 9.1%, respectively in the Middle East and 3.2% and 10% in Africa.
-Source: http://www.iata.org/pressroom/pr/Pages/2013-04-30-01.aspx
APL TO RETIRE FOUR U.S. FLAG VESSELS IN JUNE/JULY
May 1, 2013
American President Line (APL) has indicated that it will retire four of its U.S. flag vessels this coming June and July. The vessels being retired are the Presidents Adams, Jackson, Polk and Truman - all of which are over 20 years old.
-Source: http://www.joc.com/maritime-news/container-lines/apl-scrap-four-us-flag-ships_20130416.html
HONG KONG PORT STRIKE UPDATE
April 30, 2013
As the Hong Kong port strike passes the one month mark, a key port investor has recruited personnel to replace those who are on strike - though strikers continue to disrupt road access to the port. It is estimated that some 100 ships have bypassed calls in Hong Kong as a result of the strike, though the delay time for vessels has dropped from 60 to between 20-25 hours.
CONGRESS STOPS U.S. AIR TRAFFIC CONTROL FURLOUGHS
April 30, 2013
Following a week that started with flight delays triggered by sequestration-related air traffic controller shortages, Congress has allowed the Federal Aviation Administration (FAA) to divert budgetary resources within the organization so controller pay can be prioritized.
-Source: American Shipper
ETIHAD STARTS CARGO SERVICE TO WASHINGTON DULLES
April 25, 2013
Etihad Airways has launched daily cargo service from Washington Dulles International Airport to Abu Dhabi as the airline grows its cargo network in the United States to five destinations. The service, which started March 31, is operated by an Airbus A340-500.
-Source: Transport Intelligence
OVER 1,200 FLIGHT DELAYS REPORTED ON FIRST WEEKDAY OF U.S. AIR TRAFFIC CONTROL FURLOUGHS
April 24, 2013
The Federal Aviation Administration (FAA) has confirmed that furloughs caused by sequestration were responsible for over 1,200 delayed flights on Monday, which was the first weekday that the furloughs were in effect. Air traffic controllers are expected to be furloughed 11 days each for the rest of FY 2013.
Many of Monday's delays were reported in the New York and Washington, D.C. areas.
-Source: New York Times
UNION ISSUES PARALYZE LUFTHANSA OPERATIONS
April 23, 2013
A dispute between the German airline Lufthansa and a ground and cabin personnel union led to a strike on Monday that virtually shut down the airline's European operations, while also causing canceled and delayed longer-range flights. The airline was expected to fly just 20 short-range flights on Monday as the union pushes for a larger pay raise.
It is unclear what further strike action the union will take.
Lufthansa is a major international air cargo carrier.
-Source: Financial Times
SEVERE WEATHER COULD HINDER GROUND AND AIR TRANSPORTATION IN PARTS OF U.S.
April 18, 2013
Severe weather throughout the Midwestern United States could have an adverse effect on ground and air transportation as major population centers face thunderstorms and significant snowfalls. The Chicago area has received high rainfalls causing flooding and the cancellation of 800 flights on Wednesday and 200 on Thursday at O'Hare International Airport.
The Denver area received seven inches of snowfall, prompting 200 flights to be cancelled Wednesday at Denver International Airport.
Other areas where severe and/or moderate weather is expected include Michigan, Indiana, northwestern Ohio, southern Illinois, western Kentucky, southern and eastern Missouri, Arkansas and Texas.
-Source: CNN, NOAA/National Weather Service
DIESEL PRICES DROPPING IN THE U.S.
April 17, 2013
Diesel prices have continued dropping in the United States, dropping 0.9% (3 cents) week-over-week to a U.S. Energy Information Administration average of USD3.942/gallon last week. The drop reflects a 4.5% decrease year-over-year, and last week was the 17th week prices dropped. The most significant decreases in prices last week were on the West Coast.
-Source: http://www.joc.com/economy-watch/us-economy-news/decline-us-diesel-prices-accelerates_20130416.html
NEGOTIATIONS SET FOR TUESDAY IN HONG KONG PORT STRIKE
April 16, 2013
A third negotiating session over the Hong Kong port strike is scheduled for Tuesday - the strike's 20th day. However, those involved in the strike have stated that the offer proposed by contractors does not meet their demands, and that the strike will intensify in the event that it is offered again in today's talks.
IMPORT AND EXPORT PRICES DECLINE SLIGHTLY IN THE U.S.
April 16, 2013
Import and export prices in the United States were slightly on the decline in March, based on information from the Bureau of Labor Statistics. Export and import prices decreased by 0.4% and 0.5%, respectively.
STRIKE IN HONG KONG PROMPTS 120,000 TEU BACKLOG
April 11, 2013
An ongoing strike at the Port of Hong Kong has reportedly led to a backlog of 120,000 TEUs at the port, as indicated by the Hong Kong Association of Freight Forwarding and Logistics. It is also reported that the Port of Long Beach saw a 47% drop in Hong Kong imports in March relative to the previous year, suggesting the strike is impacting U.S. imports.
-Source: Transport Intelligence
MASTER CONTRACT WITH USMX, LOCAL AGREEMENT WITH NEW YORK SHIPPING RATIFIED BY ILA
April 11, 2013
The members of the International Longshoremen's Association (ILA) have ratified a six-year master agreement with the U.S. Maritime Alliance (USMX) for workers on the U.S. East and Gulf Coasts. The union also ratified a local agreement with the New York Shipping Association.
It is anticipated that other local agreements in Baltimore, Philadelphia and Hampton Roads will be reached in the coming days.
-Source: American Shipper
CHILE PORT STRIKE ENDS AFTER CAUSING MAJOR EXPORT ISSUES, CARGO RE-ROUTINGS
April 11, 2013
Port strikes in Chile are reported to have ended, although Shipco Transport still anticipates sluggish service as the ports recover. A series of strikes in Chile over the past three weeks have been significantly impacting Chilean copper, fruit and wood pulp exports in particular. Striking began in the Port of Angamos and has gradually spread to other northern Chilean ports - impeding the ability of the world's leading copper exporter to transport the resource.
A strike at the Port of Lirquen has led to the re-routing of ocean freight shipments to the Port of Valparaiso, as indicated by Hapag-Lloyd.
-Sources: Reuters, ABC News, Journal of Commerce, Shipco Transport
EXPORT OF ORGANIC GOODS CLIMBS IN THE UNITED STATES
March 27, 2013
The export of organic goods increased 8% year-over-year in 2012, according to the U.S. Department of Agriculture - Foreign Agricultural Service. Growth was driven by the export of apples, with the main export destinations being Canada and Mexico. Leaf lettuce was also a major export product.
-Source: Journal of Commerce, U.S. Department of Agriculture - Foreign Agricultural Service
BRAZILIAN PORTS STRIKE AVOIDED
March 27, 2013
A port strike slated for March 25 has been avoided in Brazil, following action by dockworkers. The threatened nation-wide strike - and other port strikes - have caused a hike in commodity prices in the country, and has prompted the sourcing of products from countries other than Brazil.
U.S. TRADE WITH JAPAN CONTINUES TO BLOSSOM
March 27, 2013
While overall Japanese exports declined, growing the country's trade deficit, Japan's exports to the United States increased by 5.7% year-over-year in February, as reported by the Japanese Finance Ministry. Japan also imported 0.6% more from the United States last month when compared to February 2012.
Japanese export growth to the United States was driven by organic compounds (+64.8%) as well as auto parts (+15.2%) and motors (+18.7%). U.S. export growth to Japan on the other hand was driven by petroleum products (+130.4%), aircraft (+20.6%) and electrical measuring instruments (+29.9%).
CARGOLUX INITIATING DALLAS-LUXEMBOURG FLIGHTS
March 25, 2013
The international airfreight carrier Cargolux is initiating freighter service from Dallas/Fort Worth International Airport to Luxembourg. The service will be flown two times each week by a Boeing 747-800 freighter.
CHARLESTON SEES DOUBLE-DIGIT VOLUME GROWTH IN FEBRUARY
March 25, 2013
The Port of Charleston's container freight volume increased by 11% this past February compared to February 2012, as reported by the South Carolina Ports Authority. The past eight months have also seen an 11% increase in volume compared to the same eight in the previous year.
The port is reported to have handled 131,634 TEUs in February 2013.
EMIRATES, QANTAS TO ENTER JOINT CARGO PARTNERSHIP
March 25, 2013
Emirates Sky Cargo and Qantas Freight will be entering a cargo service partnership that will stretch their total reach to 233 destinations. Both carriers will be able to utilize each other's passenger flights for the movement of cargo, giving Qantas enhanced access to markets in Europe, Africa, Asia and the Middle East.
-Source: Transport Intelligence
SEQUESTRATION APPEARS TO BE HERE TO STAY - HOW WILL IT IMPACT YOUR BUSINESS?
March 18, 2013
Earlier this month, sequestration went into effect in the United States - which involves roughly USD1 trillion in automatic cuts to the federal budget over the next ten years. These cuts are largely split between defense outlays and non-defense discretionary outlays. While measures were initially taken to try to avoid these cuts, members of Congress are now working toward a federal budget for 2013 that incorporates sequestration into budgeting and planning. The 2013 budget - known as a continuing resolution - has already passed the House of Representatives and is now up for debate in the Senate.
While a great deal of uncertainty still surrounds how the sequester will be implemented, political developments in the past two weeks suggest that the sequester is here to stay. Below are some of the likely impacts these cuts can have on logistics and the business community in the United States:
-Inspection of Perishables: Furloughs - or reductions in work hours - at the Food and Drug Administration could slow the government inspection of perishables, refrigerated shipments and pharmaceuticals.
-Production of Food: The Food Safety Inspection Service is expected to lose about 20 million hours of labor toward food inspections, which will lower the supply of meat in the U.S. market, according to the American Meat Institute. It is possible that the sequester will require all inspection service personnel to be furloughed for roughly two weeks. The Secretary of Agriculture anticipates a subsequent increase in meat prices.
-Airfreight Slowdowns: Furloughs and evening staff reductions at the Federal Aviation Administration could impact air cargo operators who fly at night. There is speculation that Chicago O'Hare International Airport and Atlanta's Hartsfield-Jackson International Airport - two of the country's busiest airfreight centers - may face runway closures due to air traffic controller shortages.
-Customs Clearance: Furloughs at Customs and Border Protection could slow the clearance process for imports. It is reported that customs clearance for ocean containers could take up to five days. Reductions have already been made in overtime pay for customs workers.
-Small Business Financing: It is expected that as much as $902 million in Small Business Administration loan guarantees to businesses will be cut by the sequester.
While sequestration itself has already gone into effect, furloughs are not expected to start until April.
For more information on sequestration and its impact on U.S. logistics, please continue to visit the Compass newsfeeds available at http://www.compassfwd.com/news.html, as well as our Facebook and Twitter pages at http://www.facebook.com/compassforwardingcompany and http://www.twitter.com/compassfwd.
-Sources: Transport Intelligence, Washington Post, Journal of Commerce, Air Cargo World, The White House
6 YEAR ILA-USMX CONTRACT IN WORKS, ILA TO VOTE ON PROVISIONS APRIL 9
March 15, 2013
In the wake of successful negotiations between the International Longshoremen's Association (ILA) and the New York Shipping Association, the ILA and the U.S. Maritime Alliance (USMX) have agreed on a possible 6-year contract. The contract will be voted on for ratification by the ILA April 9.
A dispute over reaching a new labor contract between the ILA and USMX nearly caused a strike earlier this year that would have shut down U.S. East and Gulf Coast ports.
-Source: American Shipper
KEY HURDLE OVERCOME IN ACHIEVING ILA-USMX CONTRACT
March 13, 2013
The International Longshoremen's Association's (ILA's) wage delegates are reported to have "approved, in principle" the provisions of what would become a formal agreement between the labor union and the U.S. Maritime Alliance (USMX). The delegates will be reviewing the provisions through Thursday, and will ultimately advise union members if they should accept the contract.
The ILA had threatened to shut down ports on the U.S. East and Gulf Coasts earlier this year as a result of their labor dispute with the USMX.
-Source: American Shipper
BRAZILIAN PORT STRIKE SET FOR MARCH 19
March 13, 2013
Port workers in Brazil are set to hold their second strike in as many months on March 19 as they seek to stop government efforts to make terminals private entities. A strike was held earlier this year on February 22, and a lack of headway in talks that are set to expire on March 15 has prompted calls for a 24-hour strike affecting the whole country.
SEQUESTRATION COULD SLOW AIR TRAFFIC AT KEY U.S. AIRPORTS
March 11, 2013
Sequestration - the across-the-board cut of around USD1 trillion from the U.S. federal budget over the next ten years - could have an impact on operations at two of the busiest airports in the country: Chicago O'Hare and Atlanta Hartsfield-Jackson. It is reported that each airport may have to close runways due to air traffic controller shortages caused by the sequester.
Both airports are major U.S. airfreight gateways, and runway closures could cause operational delays of up to 20 minutes at the airports, with spillover effects on the other airports they service.
For more information on sequestration and its impact on the business community, continue to check the Compass newsfeeds here, on our Facebook page at http://www.facebook.com/compassforwardingcompany and on Twitter at http://www.twitter.com/compassfwd.
U.S. IMPORTS INCREASE BETWEEN DECEMBER 2012 AND JANUARY 2013
March 9, 2013
Imports of goods to the United States increased by USD3.6 billion between December 2012 and January 2013, as reported by the U.S. Department of Commerce, Bureau of Economic Analysis. Imports of goods in January totaled USD192.5 billion, though month-to-month exports decreased by USD2 billion.
"TENTATIVE AGREEMENT" IN LOCAL NY/NJ ILA TALKS
March 9, 2013
A "tentative agreement" has been reached in local talks between the International Longshoremen's Association (ILA) and the New York Shipping Association (NYSA), according to American Shipper. The NYSA has been negotiating on behalf of Port of New York and New Jersey employers, since the broader agreement reached between the ILA and the U.S. Maritime Alliance (USMX) reached earlier this year requires local approval.
A local ILA-NYSA agreement has been seen as a key obstacle to the implementation of a labor agreement with the ILA. The union threatened strikes on the U.S. East and Gulf Coasts earlier this year and in late 2012 in the event that a deal was not struck.
-Source: American Shipper
SEVERE WEATHER IN U.S. MIDWEST AND EAST COAST CAUSING SERVICE DISRUPTIONS
March 6, 2013
Significant snowfall in the Midwest and East Coast of the United States is impacting air transport and trucking. It is reported that 900 flights were canceled at O'Hare International Airport in Chicago on Tuesday. As of Wednesday morning, there were 500 cancellations reported at Washington Dulles International Airport.
The Washington, D.C. area may receive as much as 10 inches of snow. As of Tuesday, Chicago had received 6 inches. States affected include Montana, Minnesota, Illinois, Indiana, Ohio, West Virginia, Virginia and Maryland. The storm is also anticipated to reach New York.
Continue to check the Compass newsfeeds here, on our Facebook page at http://www.facebook.com/compassforwardingcompany and on Twitter at http://www.twitter.com/compassfwd.
-Source: NBC News, CNN
JANUARY GROWTH IN MIDDLE EAST, ASIA-PACIFIC DRIVES WORLDWIDE BOOST IN AIRFREIGHT VOLUME
March 6, 2013
Year-over-year surges in volume in the Middle East and East Asia have driven an increase in worldwide airfreight volume of 4.5% in January, according to the International Air Transport Association (IATA). The highest rate of growth was by airlines in the Middle East, where volume increased by 15.3% and capacity by 12.4%. Asia-Pacific airlines showed volume growth of 7.1%, though a decline in capacity of 0.4%.
It is believed that the occurrence of Chinese New Year in January 2012 and February 2013 may partially explain why volumes were so much higher in January 2013.
DESPITE PROTESTS, OPERATIONS BEGIN TO PICK UP AGAIN AT SUEZ TERMINAL
March 2, 2013
Operations at the Suez Container Terminal in Egypt are beginning to pick up again in the wake of major protests in Port Said that blockaded the port. It is reported that 25 container ships were rerouted from the facility, impacting 30,000 box shipments.
LOCAL TALKS EXTENDED FOR ILA-USMX DEAL
March 1, 2013
Local talks on the possible deal between the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX) have been extended from March 1 until March 8. The deal - agreed to on February 1 - averted a major strike at U.S. East and Gulf Coast ports.
-Source: American Shipper
SEQUESTRATION TO GO INTO EFFECT TOMORROW - HOW WILL IT IMPACT YOUR BUSINESS?
February 28, 2013
On March 1, sequestration will go into effect in the United States - which involves roughly USD1 trillion in automatic cuts to the federal budget over the next ten years. These cuts are largely split between defense outlays and non-defense discretionary outlays. While a great deal of uncertainty still surrounds how the sequester will be implemented, it appears there are several serious implications that it could have on U.S. logistics:
-Inspection of Perishables: Furloughs - or reductions in work hours - at the Food and Drug Administration (FDA) could slow the government inspection of perishables, refrigerated shipments and pharmaceuticals.
-Airfreight Slowdowns: Furloughs and evening staff reductions at the Federal Aviation Administration (FAA) could impact air cargo operators who fly at night.
-Customs Clearance: Furloughs at Customs and Border Protection (CBP) could slow down customs clearance.
While sequestration itself goes into effect March 1, furloughs are not expected to start until April. The likelihood of anything more than an immediate short-term solution being negotiated in March to avoid a sustained sequester with furloughs is highly unlikely.
For more information on sequestration and its impact on U.S. logistics, please continue to check the Compass newsfeeds here, on our Facebook page at http://www.facebook.com/compassforwardingcompany and on Twitter at http://www.twitter.com/compassfwd.
-Source: Transport Intelligence, Washington Post
MAJOR GROWTH IN CONTAINER VOLUME AT PORT OF TACOMA
February 28, 2013
Container volume handled by the Port of Tacoma grew substantially in January, with a year-over-year surge of 36% - according to the port. The Lunar New Year also drove up year-over-year imports by just under 45% and exports by 43.5%.
-Source: Journal of Commerce, Port of Tacoma
PORT STRIKES AVERTED - AT LEAST FOR NOW - IN BRAZIL
February 26, 2013
After a strike lasting six hours on February 22, a union delegation and the government will reportedly be returning to the negotiating table, averting another strike. The strike was canceled after the government ended a USD100,000 strike penalty.
For more information on labor issues in Brazil and around the world, please continue to check the Compass newsfeeds here, on our Facebook page at http://www.facebook.com/compassforwardingcompany and on Twitter at http://www.twitter.com/compassfwd.
ILWU LABOR ISSUES RESOLVED ON U.S. WEST COAST
February 23, 2013
After nearly three years of negotiations, the office staff at the Ports of Los Angeles and Long Beach have agreed to "a tentative contract" that was negotiated in early December. The dispute had triggered a strike in November that had a devastating impact on the region's ports, and while an agreement was made in December, the deal was not readily endorsed by workers.
INDIA PORT STRIKE ANTICIPATED TO END TODAY
February 22, 2013
A strike continued at Port Nehru/Nhava Sheva - India's busiest port - for the second day yesterday as part of a broader strike across India, which was said to also be impacting Mumbai, Visakhapatnam and Cochin. The strike shut down terminals and container freight stations at Nehru/Nhava Sheva, and three vessels were unable to dock.
The strike was anticipated to end at 12 am on February 22, though it is unclear from reporting how much time would be needed to clear the backlog at Nehru/Nhava Sheva and other ports.
MAJOR GROWTH IN JANUARY VOLUME AT PORT OF CHARLESTON
February 21, 2013
Volume at the Port of Charleston grew by over 7.5% year-over-year in January - with the port handling more than 121,200 TEUs last month - according to the South Carolina Ports Authority. There was also an 11% year-over-year increase in volume from July-January.
STRIKES TAKE MAJOR TOLL ON INDIA'S OCEAN FREIGHT
February 20, 2013
Strikes targeting India's ports have shut down Port Nehru/Nhava Sheva - the country's busiest port - and have affected Mumbai, Chennai, Visakhapatnam, Cochin and Tuticorin. Non-transportation sector workers are also striking for two days, which is projected to have a $3.7 billion impact on the Indian economy.
For more information on this dispute, please continue to check the Compass newsfeeds here, on our Facebook page at http://www.facebook.com/compassforwardingcompany and on Twitter at http://www.twitter.com/compassfwd.
PORT STRIKES POSSIBLE FEBRUARY 20 IN BRAZIL
February 20, 2013
Talks were expected to continue this week between the Brazilian government and labor to prevent a February 20 strike that would impact Brazilian ports. The two are in dispute over a possible new law that would hurt workers at government-controlled ports.
For more information on this dispute, please continue to check the Compass newsfeeds here, on our Facebook page at http://www.facebook.com/compassforwardingcompany and on Twitter at http://www.twitter.com/compassfwd.
-Source: http://www.breakbulk.com/industry-sector/ports-and-terminals/port-strikes-loom-in-brazil/
MAJOR STRIKES THREATEN INDIA IN COMING DAYS
February 19, 2013
Strike threats have broadened in India as unions representing the transportation, insurance, finance, telecommunications and energy industries are reported to be preparing for a national strike February 20-21. The strikes are directed toward the governing party in India - with grievances including the country's minimum wage and labor contracting.
For more information on the threatened strikes, please continue to check the Compass newsfeeds here, on our Facebook page at http://www.facebook.com/compassforwardingcompany and on Twitter at http://www.twitter.com/compassfwd.
-Source: The Hindu
MOL TRANSPACIFIC PERFORMANCE SLIPS IN LATE 2012
February 19, 2013
Transpacific "arrival performance" for the steamship line MOL is reported to have declined in the 4th quarter, 2012 - according to the carrier. However, the line did enhance performance on Asia-Europe trade during the same period of time.
-Source: http://www.americanshipper.com/main/ASD/52802.aspx
COMPASS SELECTED AS AFFILIATE MEMBER OF AMERICAN CHEMISTRY COUNCIL
February 14, 2013
Compass Forwarding has been selected as a new affiliate member of the American Chemistry Council (ACC) - the longest-running trade group representing the chemistry industry. The selection symbolizes Compass' commitment to serving the chemicals industry and to promoting innovation and growth in American manufacturing.
According to the organization's website, the ACC "represents the leading companies in the business of chemistry. Our companies make the products that make modern life possible. ACC members have made a voluntary commitment to uphold the highest standards for protecting health, safety, and the environment."
According to Rich Shelala, Compass' Director of Business Development, "membership in the ACC puts Compass in league with the top corporations involved in servicing the chemical industry. In addition, members of the ACC conform to the strictest standards of quality compliance and responsible care with regards to the storage and transportation of chemicals. This is in line with Compass' continued commitment towards corporate social responsibility."
To learn more about Compass' selection to the ACC, go to http://www.americanchemistry.com/Media/PressReleasesTranscripts/ACC-news-releases/New-Year-Brings-New-Growth-for-ACC-Membership-Expands-Across-Every-Category.html.
LABOR UNIONS CONSIDERING PORT STRIKES ACROSS INDIA FEBRUARY 21-22
February 13, 2013
Unions representing workers at key ports in India - including the Water Transport Federation of India and the Port and Dock Water Front Workers Federation of India - are considering a strike February 21-22. Compass will continue to update its newsfeeds as more information comes in regarding the possible strikes. For more information on strike mitigation strategies, please contact a member of the Compass ocean freight staff.
-Source: NYK Line (India) Ltd.
ASIAN CONTAINER EXPORTS, IMPORTS DECLINE IN 2012
Updated February 13, 2013
Asian containerized exports and imports experienced a year-over-year decline from 2011 to 2012, based on information from Container Trade Statistics. Not including shipments within Asia, exports decreased by 0.86%, while imports declined by 3.35%.
The decline was experienced in the 3rd and 4th quarters of 2012.
OCEAN FREIGHT SERVICE DISRUPTIONS IMPACTING INDONESIA, ANTICIPATED IN GREECE
February 9, 2013
Ocean freight services have been disrupted in Indonesia as a slow-down hits the port of Tanjung Priok lo. Disruptions to maritime trade are likely next week in Greece as the Greek [ship] Pilot's Union is anticipated to strike from February 13-15.
-Source: Journal of Commerce
MIDDLE EAST, AFRICA SEE INCREASES IN AIRFREIGHT VOLUME AND CAPACITY IN 2012 DESPITE GLOBAL SLUMP
February 8, 2013
Airfreight volumes increased by 14.7% in the Middle East and 7.1% in Africa in 2012 relative to the previous year, despite a 1.5% slump in volume worldwide, based on data from the International Air Transport Association (IATA). Capacity surged in the Middle East by 11.4% and by 9.2% in Africa.
-Source: Transport Intelligence
CALIFORNIA PORT OFFICE WORKERS CHALLENGE LABOR AGREEMENT
February 7, 2013
A strike-ending agreement at the Ports of Los Angeles and Long Beach that was agreed upon in late 2012 has been challenged by the International Longshore and Warehouse Union (ILWU) Local 63 Office Clerical Unit (OCU). The unit has turned down an agreement with APM Terminals, which serves Evergreen and China Shipping in Los Angeles.
-Source: American Shipper
TOLL RATE TO BE RAISED FOR SUEZ CANAL
February 7, 2013
The toll rate at Egypt's Suez Canal will be raised by the Suez Canal Authority (SCA) on May 1. Exact rate increases are reported to vary between 3-5%.
PROBLEMS ABOARD MAERSK VESSEL LEADS TO OFFLOADING IN SUEZ
February 6, 2013
The container vessel Emma Maersk has been brought to the Port of Suez in Egypt for offlloading following a flood in the vessel's engine room. The ship was traveling between Europe and Asia, and it is unclear when containers will be moved from Suez and whether or not they will be transported aboard Maersk vessels.
The vessel has a capacity of over 15,300 TEUs, and was once the biggest container vessel afloat.
-Source: Lloyd's List, American Shipper
EGYPT UNREST IMPACTING OCEAN FREIGHT
February 5, 2013
Unrest near the Suez Canal in Egypt has had an impact on the Port of Sokhna, according to DP World. Reporting indicates that Port Said and Suez have seen unrest, and that the Egyptian government had imposed curfews in Suez, Ismailia and Port Said - though control of the curfews has been delegated from Cairo to regional governments.
-Source: American Shipper, Breakbulk News
ILA-USMX DEAL IN WORKS AS EFFORTS CONTINUE TO AVOID STRIKE
February 3, 2013
It is reported that the International Longshoremen Association (ILA) and the U.S. Maritime Alliance (USMX) have come close to achieving a deal on a labor contract that would prevent an ILA shut-down of U.S. East and Gulf Coast ports on February 6. According to American Shipper, the two sides "have reached a tentative agreement for a new six-year master contract."
A key caveat is that regional ILA entities would have to accept the deal, though it is reported that the regional groups will maintain talks without striking.
-Source: American Shipper
ILA CONTINUES NEGOTIATIONS WITH NEW YORK EMPLOYERS
January 29, 2013
The International Longshoremen Association (ILA) has reportedly continued negotiations with New York/New Jersey area employers. These negotiations are believed to be key for broader ILA negotiations with the U.S. Maritime Alliance (USMX).
-Source: Journal of Commerce
USMX-ILA TALKS MAKING HEADWAY
January 18, 2013
Negotiations between the U.S. Maritime Alliance (USMX) and the International Longshoremen's Association (ILA) have reportedly made headway as the deadline approaches in early February for an agreement. The two parties have continued to keep negotiations alive with the support of the U.S. Federal Mediation and Conciliation Service.
If an agreement is not reached on a new labor contract by early February, the ILA may strike, shutting down ports on the U.S. East and Gulf Coasts, and possibly ports on the U.S. West Coast.
-Source: American Shipper
NEARLY 10% GROWTH IN VOLUME AT PORT OF CHARLESTON
January 18, 2013
Volume at the Port of Charleston jumped by 9.6% year-over-year from 2011 to 2012 - with a 2012 volume of 1.5 million TEUs - according to the South Carolina Ports Authority. New service offerings from the Mid-Atlantic port to Vietnam and Australia have helped drive up volume.
ILA-NY SHIPPERS' ASSOCIATION NEGOTIATIONS COLLAPSE
January 10, 2013
Negotiations between the International Longshoremen Association (ILA) and the New York Shippers' Association collapsed on Wednesday as the two sides attempted to reach an agreement on a labor contract for the area. It is believed that an offer made by the NY Shippers' Association prompted the ILA to leave the table, despite progress made the prior week.
-Source: American Shipper
USMX-ILA NEGOTIATIONS GIVEN UNTIL FEBRUARY 6
January 9, 2013
While initially reported that the U.S. Maritime Alliance (UMSX)-International Longshoremen Association (ILA) negotiations would only be given 30 days beyond December 29, 2012, the steamship line OOCL reports that negotiations will now be given until February 6.
If a compromise is not reached on a new labor agreement between the two groups by February 6, the ILA may strike - shutting down ports on the U.S. East and Gulf Coasts.
-Source: OOCL
TRADERS SEEK TO ENGAGE FORWARDERS OVER SPOT MARKET
January 9, 2013
As traders seek to minimize air transportation costs, they are looking more toward engaging forwarders for competitive rates, rather than using spot market rates. Airforwarders Association Director Brandon Fried states that "'[m]embers have reported that in an effort to lock in lower rates brought about by the economic downturn, some customers are inquiring about long-term contracts.'"
ILA Strike Averted as Union Agrees to Another 30 Days of Negotiations
December 28, 2012
The International Longshoremen Association (ILA) has averted a strike that would have gone into effect December 30 by agreeing to another 30 days of negotiations with the U.S. Maritime Alliance (USMX). According to Federal Mediation and Conciliation Service (FMCS) Director George H. Cohen, "[t]he container royalty payment issue has been agreed upon in principle by the parties, subject to achieving an overall collective bargaining agreement."
It was believed that the strike could stop operations at U.S. East and Gulf Coast Ports, and possibly ports on the West Coast.
-Source: Federal Mediation and Conciliation Service
ILA Strike Could Disrupt West Coast Ports
December 26, 2012
A possible strike by the International Longshoremen Association (ILA) that could start at 12:01AM on December 30 may also disrupt operations on the U.S. West Coast - even though the strike is only expected to take place on the U.S. East and Gulf Coasts. It is believed that the personnel on the West Coast - and perhaps in Canada and Mexico as well - may picket shipments diverted from strike-effected ports.
Please contact a member of the Compass staff for information on strike mitigation strategies.
-Source: CMA CGM
Last Minute Efforts Made to Avoid ILA Strike
December 26, 2012
The International Longshoremen Association (ILA) and the U.S. Maritime Alliance (USMX) will reportedly be holding a meeting ahead of a December 29 contract expiration that is expected to cause a major strike on the U.S. East and Gulf Coasts. The talks - which were announced on Friday - may be the last possible effort to avoid a strike, though reports do not suggest any progress toward an agreement.
-Source: American Shipper
November Sees Over 5% Increase in Japan's Exports to the United States
December 26, 2012
Japanese exports to the United States increased for the 13th straight month in November - jumping 5.3%. This was a 3.1% month-over-month increase relative to October. Growth has been driven by auto-industry exports.
U.S. exports to Japan on the other hand experienced its first decline in nearly half a year.
ILA Could Strike This Month - Maersk, UASC and OOCL Threaten Surcharges
December 20, 2012
Talks between the International Longshoremen Association (ILA) and the U.S. Maritime Alliance (USMX) collapsed on Tuesday as the two sides sought to reach a labor agreement. If an agreement is not reached by December 29, it is believed that the ILA will strike, shutting down ports on the East and Gulf Coasts of the United States.
Maersk Line has stated that it will impose a surcharge of USD800/TEU, USD1,000/FEU, USD1,125/high capacity FEU and USD1,266/45' equivalent unit starting December 29 in the event of a strike for imports and exports to and from the U.S. East and Gulf Coasts. The same surcharge will be imposed on exports from the U.S. West Coast on January 21 in the event that the labor dispute is not resolved by then.
United Arab Shipping Company (UASC) has also announced that it will be increasing rates on U.S. exports in the event of an ILA strike, increasing rates by USD800/TEU, USD1,000/FEU on December 29 in the event of a strike. Orient Overseas Container Line (OOCL) has indicated that it will raise rates over a strike - with a surcharge planned of USD800/TEU, USD1,000/FEU abd USD1,265/45' equivalent unit effective December 29.
-Sources: American Shipper, Journal of Commerce, Maersk Line
Boycott to Hit Nhava Sheva at Midnight December 11
December 11, 2012
The Nhava Sheva Container Operators Welfare Association (NSCOWA) has announced that it will be boycotting the transfer of containers at APM Terminals at the Port of Nehru/Nhava Sheva - one of India's busiest ports - starting at midnight December 11.
The boycott is expected to last indefinitely, and is anticipated to impact the operations of United Arab Shipping Company (UASC), Maersk and MSC.
-Source: Nhava Sheva Container Operators Welfare Association, other sources
FedEx Increasing Rates on Ground and Home Delivery
December 11, 2012
FedEx has announced that it wil be increasing rates by an average of 5.9% for its Ground and Home Delivery services effective January 7, 2013. Taking into account a 1% decrease in the fuel sucharge, the increases are expected to net to 4.9%.
These recent increases come in the wake of a 3.9% increase that FedEx Express will impose on January 7, and a 6.9% increase for FedEx Freight this past July.
California Longshoremen Strike Comes to a Close
December 11, 2012
A longshoremen strike that crippled the ports of Los Angeles and Long Beach in California has come to a close as a deal on a contract was reached. The strike had lasted for a week, paralyzing two key U.S. ports.
Compass Global Focus: A Commitment to Protecting Our Planet and Strengthening Our Community
December 5, 2012
As a global forwarder, Compass believes that we have a responsibility to the world in which we service. To that end, Compass has implemented several programs in the interest of supporting the conservation of our planet, including:
-A paperless operation which favors automation and electronic files and workflows
-Powering our 25,000 square foot office and warehouse with solar energy
-Shifting away from disposable coffee cups and sundries in our cafeteria towards reusable mugs, plates and flatware
In addition, Compass supports several charities and encourages employee donations through a donor match program. The list of organizations to which Compass contributes includes:
-The Wounded Warrior Project (http://www.woundedwarriorproject.org)
-The 9/11 Memorial (http://www.911memorial.org)
-Project Hospitality (http://www.projecthospitality.org)
-City Meals on Wheels (http://www.citymeals.org)
-Operation Smile (http://www.operationsmile.org)
-St. Jude Children's Research Hospital (http://www.stjude.org)
-The American Health Assistance Foundation for Alzheimer's Disease Research (http://www.ahaf.org/alzheimers/)
-The Christopher and Dana Reeve Foundation (http://www.christopherreeve.org)
-The American Foundation for Suicide Prevention (http://www.afsp.org)
-Susan G. Komen for the Cure (http://ww5.komen.org)
-The American Museum of Natural History (http://www.amnh.org)
Longshoremen Strikes Hit Los Angeles and Long Beach Ports
November 29, 2012
Strikes by the International Longshore and Warehouse Union (ILWU) in southern California are reported to be effecting roughly 10 terminals in the area, accoring to American Shipper.
Strikes started Tuesday at APM Terminals, Pier 400 in Los Angeles when office workers went on strike, causing longshoremen to follow suit . It is reported that all steamship lines and terminals serviced by ILWU members have suspended operations.
-Source: American Shipper
Import of Retail Goods to U.S. Expected to Grow in November, Even With Hurricane Slowdown
November 28, 2012
Leading ports for the import of retail goods are expected to see a 5.9% increase in imports this month, even after the disruptions caused by Hurricane Sandy. These ports are expected to handle 1.37 million TEUs in November.
Major Growth Forecast for U.S. Export Market to India
November 28, 2012
The U.S. export market to India is forecast to increase quicker than any other foreign market for U.S. goods, based on data from HSBC Commercial Banking. It is projected that exports to India will grow 12% annually between 2016 and 2020 and 10% annually between 2021 and 2030.
Exports to the E.U. are expected to increase by 6% annually until 2020. Major increases in commerce are also forecast for India, China, Vietnam, Indonesia, Egypt, Turkey, Mexico and Poland.
New York Area Container Terminals Working Longer Hours in Wake of Hurricane Sandy
November 17, 2012
Ocean container terminals in the New York/New Jersey area have been working longer hours to process imported containers that have been backlogged due to Hurricane Sandy. Maher Terminals and Port Newark Container Terminals (PNCT) were set to be open on Saturday, November 17. PNCT is expected to be operating with longer hours until November 21.
Labor Issues Could Cause Service Disruptions in Portland, Oregon
November 17, 2012
Security guards and officials at the Port of Portland in Oregon continued negotiations on Friday amidst concerns that the collapse of negotiations could have an impact on port operations. Another dispute between ICTSI Oregon and the International Longshore and Warehouse Union (ILWU) over electricians has threatened to shut down Terminal 6 at the port.
It is reported that importers are starting to consider rerouting shipments to other ports in anticipation of any labor action.
-Source: http://www.joc.com/port-news/us-ports/port-portland-ore/more-labor-woes-port-portland_20121115.html
Compass Enhances Accessibility to Logistics Industry News Through New Facebook and Twitter Pages
November 14, 2012
Compass has launched pages on the social networking sites Facebook and Twitter that will provide customers will vital and up-to-date information on Compass' services and the shipping industry - including details on worldwide labor disputes impacting trade, surcharges, rate increases and service changes. The launches are part of a broader effort to provide customers with the information needed to make informed supply chain managment and logistics decisions.
Customers will now be able to use the internet or mobile devices to access continuously-updated newsfeeds that draw on intelligence from a variety of sources from around the world. Compass' efforts to inform customers with relevant logistics and transportation-related news are unmatched in the logistics industry, and continue to evolve as Compass broadens its web-based resources.
Customers are invited to "like" us on Facebook t http://www.facebook.com/compassforwardingcompany, and follow us on Twitter at https://twitter.com/compassfwd.
Spike in Container Traffic at Omani Port of Salalah
November 14, 2012
Container traffic at the Port of Salalah in Oman increased 15% year-over-year in the third quarter, with 2.8 million TEUs of volume. The increase brought USD13.2 million in profit for the port during the third quarter - a spike of USD11 million year-over-year.
Jump Reported in U.S. Exports
November 12, 2012
Exports from the United States increased 3.1% during September, while imports increased by only 1.5%, according to the U.S. Department of Commerce. Export growth was led by the sale soybeans and petroleum products.
-Source: http://www.latimes.com/business/money/la-fi-mo-economy-trade-20121108,0,3525194.story
Airfreight Volume Climbs in Middle East and Africa, Driving Slower Global Growth
November 12, 2012
Worldwide airfreight volume reported an anemic September growth rate of 0.6% - a lower rate of growth than July and August, according to the International Air Transport Association (IATA). Despite the slow worldwide growth, the Middle East and Africa reported sharp climbs in volume of 16.3% and 4.1%, respectively. In both markets, growth in volume significantly outpaced growth in capacity in September.
-Source: http://www.joc.com/air-cargo/cargo-airlines/global-air-cargo-growth-slows_20121102.html
Urgent Information: Compass Continues Use of Main Fax Number
November 8, 2012
Compass has continued the use of its main fax number, (718) 528-6751. Use of the line was disrupted as a result of Hurricane Sandy.
We apologize for any inconvenience this may have caused.
Ports, Airports in New York/New Jersey Area Functioning After Hurricane Sandy
November 8, 2012
Port Elizabeth Terminal and Port Newark Container Terminal became operational on Sunday and Monday, respectively as the New York area recovers from Hurricane Sandy. John F. Kennedy International Airport and Newark Liberty International airport - the city's two main air cargo hubs - are reportedly experiencing standard operations.
-Source: http://breakbulk.com/ports-terminals/new-york-and-new-jersey-ports-reopen-1105
Urgent Information: Compass' E-Mail Server Has Been Restored to Full Operations
November 6, 2012
Please be advised, the Compass e-mail server has been restored to full operations. Please use the standard "@compassfwd.com" e-mail addresses listed on the "Customer Service" and "Contact Us" pages to reach our staff. We apologize for any inconvenience this may have caused.
Major Storm on U.S. East Coast Causing Severe Disruptions
October 29, 2012
Infrastructure on the East Coast of the United States is being severely impacted by Hurricane Sandy, which will be impacting the Mid-Atlantic and Northeast United States Monday and Tuesday. As of 5:55pm Eastern Time, the following infrastructure in the region had been impacted:
-Tractors trailer traffic has been prevented on bridges in New York City as of 3:30pm on Monday;
-Large portion of Garden State Parkway in New Jersey closed;
-Significant cancellations into airports in the Mid-Atlantic and Northeast United States.
-CSX railway network service suspended from Richmond, Virginia to Albany, New York. Norfolk Southern anticipating delays between Virginia and the states in New England.
-It was reported on Monday that ports in New Jersey under the Port of Authority of New York and New Jersey were ordered to evacuate;
-Source: Journal of Commerce, Reuters
Strike Ends at Egypt's Port of Sokhna
October 25, 2012
Workers have stopped striking at Egypt's Port of Sokhna after two weeks of strikes. The port is a key Egyptian logistical node for East Asia trade.
-Source: http://www.americanshipper.com/main/asd/51673.aspx
U.S.-Panama FTA to be Implemented By End of Month
October 23, 2012
Implementation of the U.S.-Panama Free Trade Agreement (FTA) will commence on October 31, according to the U.S. Trade Representative as reported by American Shipper. The U.S. government reports that in excess of 87% of consumer and industrial exports to Panama will become duty free as soon as the agreement is implemented, as well as almost 56% of agriculture exports.
-Source: American Shipper, The White House
U.S. Import Surge Forecast for October
October 16, 2012
Imports of goods into key ocean container ports for retail cargo in the United States are forecast to surge in October in preparation for the holiday season. It is believed that there will be just under a 10% year-over-year increase in imports this October.
-Source: http://www.americanshipper.com/main/asd/51493.aspx
Egypt to Develop Second Container Terminal at Port Said
October 16, 2012
Egypt will be developing a second ocean container terminal at the Port of Said, according to the Red Sea Ports Authority and the American Chamber of Commerce in Egypt. An Egyptian company or companies will be tasked with the initiative for a terminal that could accommodate 3 million containers per year.
-Source: American Chamber of Commerce in Egypt
Key Egyptian Port Hit By Labor Strike
October 15, 2012
Dockworkers at the DP World Terminal at Egypt's Port of Sokhna have launched a strike that is having a major effect on the port's operations. The strike was launched as a result of eight port workers being fired.
Port Sokhna is a key Egyptian port - particularly for the country's East Asian trade routes.
-Source: http://www.joc.com/strike-disrupts-dp-worlds-egypt-container-terminal_20121015.html
Airfreight Volume Increases in U.S., Africa and Middle East Despite Overall Worldwide Decline
October 11, 2012
Statistics from the International Air Transport Association (IATA) show that airfreight volume in the Middle East increased 11.4% in terms of year-over-year metric ton kilometers in August, while also increasing 11.1% in Africa and 1.8% in North America. In the case of the Middle East and Africa, rises in volume outpaced rises in capacity year-over-year, and in the case of North America, capacity actually declined during the same period.
Despite these regional increases, worldwide airfreight volume declined 1.3% year-over-year in August.
South Africa Plagued by Strikes
October 11, 2012
South Africa has been plagued by a series of strikes that have had a significant effect on the country's manufacturing output - particularly automobiles - and foreign trade. A three-day strike by automotive workers cost Toyota over 2,400 vehicles. Automobile manufacturing is a key part of the South African economy, accouting for 10% of manufacturing. There is currently a three-week-old strike by over 20,000 truck drivers, and it is speculated that railroad and port employees may follow suit.
While some 15,000 truck drivers were expected to return to work on October 10, it is believed that a continuation of strikes could cause the South African economy to implode.
-Source: Transport Intelligence
Nehru/Nhava Sheva Srike Canceled
October 11, 2012
Dockworkers at APM Terminals at Port Nehru/Nhava Sheva - India's busiest port - have canceled a strike that would have started Monday, according to JOC Sailings. Several strikes have been called for periodically over the past seven months at the terminal over labor issues.
Strikes Continue at Port Lisbon
October 10, 2012
Dockworker strikes are continuing at the Port of Lisbon in Portugal, creating serious disruptions for ocean cargo shipments. The steamship line MOL has reportedly stopped discharging cargo at the port. It is not clear if other carriers have followed suit.
-Source: http://www.americanshipper.com/main/asd/51460.aspx
U.S.-Panama Free Trade Agreement Could Be Implemented in November
October 4, 2012
The U.S.-Panama Free Trade Agreement (FTA) may be implemented as soon as November, according to a report from the Journal of Commerce. The U.S. government reports that in excess of 87% of U.S. consumer and industrial exports to Panama will become duty free as soon as the agreement is implemented, as well as almost 56% of agriculture exports.
-Source: Journal of Commerce, The White House
Above Average Holiday Retail Growth Expected in 2012
October 3, 2012
The National Retail Federation expects a 4.1% increase in retail sales during the 2012 holiday season, compared to a ten-year average of a 3.5% increase. There was a 5.6% increase in retail sales reported for the 2011 holiday season by the U.S. Department of Commerce.
-Source: http://www.joc.com/economy/retailers-expect-solid-growth-holiday-season
Less-Than-Truck-Load Rates Increasing in the U.S.
October 3, 2012
Less-than-truck-load (LTL) rates in the United States are reported to be increasing 3-4% - without including fuel surcharges - as reported by the Journal of Commerce. It is believed that LTL rates will continue to increase between 1-5% each year until 2014.
For-hire trucking volume rose 3.2% year-over-year in August, and yearly increases ranging from 0-3% are anticipated for the next two years for LTL cargo.
-Source: http://www.joc.com/trucking/ltl-rates-rising-3-4-percent-analysts-report
Nehru/Nhava Sheva Facing October 8 Strike
October 2, 2012
APM Terminals at Port Nehru/Nhava Sheva - India's busiest container port - may be facing a strike on October 8 as organized laborers respond to the laying-off of four employees earlier this year. This recent threat follows a threatened strike that was called-off in late September. The September strike threat was also in response to the four laid-off employees.
U.S. Commerce with Mexico Drives NAFTA Surface Trade Growth
October 2, 2012
There was a 4.6% year-over-year increase in U.S. surface trade with Canada and Mexico as part of the North American Free Trade Agreement (NAFTA) in July. However, an 8.4% month-to-month decline from June to July was also reported in surface transportation based on value.
The largest growth in June surface movements was observed in U.S.-Mexico trade, where there was a 9.7% year-over-year spike in trade, compared to Canada's more modest 1% increase in trade with the United States.
-Source: http://www.joc.com/truckload/nafta-surface-trade-rose-46-percent-july
Biofuel Exports Projected to Climb in Years Ahead
September 28, 2012
The exports of biofuels such as wood pellets from North America to Asia are forecast to climb in the years ahead, according to a recent report from the Journal of Commerce. Exports to Japan and Korea in particular have been highlighted as growing markets.
-Source: http://www.joc.com/global-trade/japan-korea-import-more-north-american-biofuels
DHL Express Hiking Rates in 2013
September 26, 2012
The express carrier DHL Express has indicated that it will be raising rates worldwide by an average of roughly 5% as of January 1, 2013. The increase is being driven by, "'general price inflation on input costs for the express industry,'" according to a DHL statement quoted by Transport Intelligence.
-Source: Transport Intelligence
Nehru/Nhava Sheva Strike Called Off
September 24, 2012
A strike planned for September 24-October 8 by dockworkers at APM Terminals at India's Port Nehru Nhava Sheva was called off as negotiations between the union and management were announced. The strike was initially called for as the result of four dockworkers being laid-off.
Nehru/Nhava Sheva is India's busiest port, and handles roughly 60% of Indian ocean container traffic.
-Source: http://www.joc.com/labor/nehru-port-dockworkers-postpone-strike
Nehru/Nhava Sheva Strike Possible Starting September 24
September 22, 2012
Dockworkers at the APM terminal at India's Port Nehru/Nhava Sheva, the busiest port in the country, have indicated that they may strike September 24 due to the laying-off of four workers associated with previous "industrial action." It is unclear how long the strike will last for.
Nehru/Nhava Sheva handles over 50% of Indian container cargo traffic.
-Source: http://www.joc.com/labor/strike-threatens-indias-nehru-port
Over 10% Jump Reported in Japan's Exports to U.S.
September 22, 2012
Japan reported a 10.3% year-over-year increase in exports to the United States in August - the 10th month in a row where growth was reported. U.S. exports to Japan on the other hand dropped slightly by 0.1%.
-Source: http://www.joc.com/importexport/japanese-exports-us-surge-103-percent
Dammam Container Backlog Expected Through October
September 21, 2012
High volume during the Ramadan season has prompted a serious backlog at the port in Dammam, Saudi Arabia, including a 1-2 week delay in customs inspections, according to the carrier APL. The steamship line believes the backlog will be sustained through late October.
-Source: http://www.joc.com/portsterminals/dammam-port-congestion-causes-severe-delays
Port Strikes in Portugal Impacting Ocean Trade
September 21, 2012
Port workers ranging from pilots to stevedores have scheduled strikes at Portugal's ports. The strikes are scheduled from September 17-22 and 24-29.
-Source: Journal of Commerce, ISS Communications
Contract Extension Delays East and Gulf Coast Strikes
September 20, 2012
The International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX) have indicated that they will extend their contract originally set to terminate at the end of September for another 90 days. After an initial collapse in talks, it was believed that ILA strikes could ensue on October 1 at ports on the U.S. East and Gulf Coasts. However, Thursday's statement appears to have put off the possibility of strikes for at least another 90 days.
In related news, as organizations concerned about possible strikes rerouted shipments to the West Coast prior to Thursday's statement, Transpacific spot rates from Hong Kong to Los Angeles increased 8.6% since last week.
-Source: American Shipper, Journal of Commerce
Eid Backlog Continues in Dammam
September 17, 2012
The increase in shipping volume experienced during the Ramadan holiday is continuing to cause backlog issues at the Port of Dammam in Saudi Arabia, according to the steamship line APL. The backlog has led to a one to two day delay in customs inspections and a lack of trucks available to move the large numbers of containers that have accumulated at the port.
APL announced a surcharge for Saudi Arabia shipments in August of USD80/20' dry, USD130/20' reefer, USD125/40' dry, USD170/40' reefer and USD165/45'.
-Source: http://www.joc.com/portsterminals/dammam-port-congestion-causes-severe-delays
Agricultural Trade Update: Potato Exports Surge While Beef Exports Decrease
September 13, 2012
The export of potatoes from the United States surged by 30% year-to-date as of June 30, according to the Journal of Commerce. However, exports of beef dropped by 9.5% year-over-year in July, with an 11% year-to-date decrease.
The jump in potato exports can largely be attributed to increased demand in Asia (59% increase) and Central America (32% increase). Exports of chipping potatoes to Japan and Thailand are reported to have doubled.
Despite these increases, it was recently reported that the Agricultural Transportation Coalition is concerned about the fallout of a potential ILA strike impacting the U.S. East and Gulf Coasts this fall. They claim that the possibility of strike-related surcharges - even if they are neber imposed - may cost U.S. shipper's their competitive advantage.
-Source: Journal of Commerce
Container Imports to the U.S. Expected to Grow in Coming Months
September 11, 2012
Imports of container cargo to key U.S. ports are expected to increase through the autumn, with a 7.3% year-over-year increase anticipated for September, according to the National Retail Federation and Hackett Associates. Volume is expected to increase 11% in October, 1.9% in November and 2.7% in December year-over-year, before declining in January.
Airlines Reportedly Reducing Service Out of Asia
September 10, 2012
Several major cargo airlines are reported to be reducing capacity on flights from East Asia to North America and Europe - though the reason for this reduction is up for debate. While reporting suggests the reductions may be the result of capacity reallocation toward transporting newly released and soon to be released consumer electronics to market, the airlines claim inadequate demand is the cause.
Cathay Pacific has cut eight weekly flights from Hong Kong to North America, and Lufthansa is also considering scaling-back service.
-Source: Transport Intelligence
ILA-U.S. Maritime Alliance Negotiations to Continue Later in September
September 6, 2012
The International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX) are expected to meet on or around September 17 to continue negotiations. The two entities are negotiating toward a contract that will succeed the one that will be ending on September 30. There has been speculation that a strike can ensue at U.S. East and Gulf Coast ports in the event that a new contract is not agreed upon.
-Source: American Shipper News
Index Shows Trucking Rates are Continuing to Rise
September 6, 2012
Trucking rates are continuing to climb as the ITS index increased by 4% for average equipment, 7% for vans, and 4% for specialized equipment costs per mile week-over-week, according to a report from the Journal of Commerce dated September 6. The growth in rates has been accompanied by a 7% increase in demand.
-Source: http://www.joc.com/trucking/spot-market-trucking-index-7-percent
Overall Global Airfreight Volume Drops, While Climbing in the Middle East
September 5, 2012
Overall global airfreight volume decreased by 3.2% year-over-year in July, according to the International Air Transport Association (IATA). The largest decrease was observed by airlines in the Asia Pacific region, where volume declined by 7.6%.
However, gains were observed by the Middle Eastern carriers, who managed to increase their volume by 16%. No data was reported for the African carriers, which have recently seen large jumps in volume.
-Source: Transport Intelligence
U.S. Gulf Coast Ports Open After Hurricane
September 4, 2012
Ports on the Gulf Coast of the United States were open as of Friday August 31, according to a report by the Journal of Commerce. The journal reports that only "minimal damage" was sustained at the ports - mainly wind related, without flooding.
-Source: http://www.joc.com/portsterminals/us-gulf-ports-reopen-after-isaac
Strikes Expected to Impact Lufthansa Cargo Operations
September 4, 2012
A strike by the Lufthansa flight crew union on Friday August 31 and a second strike that was expected on Tuesday September 4 are anticipated to have an impact on the company's air cargo operations. While the strike is only expected to impact passenger flights, nearly 50% of the airline's freight capacity is aboard passenger aircraft.
Lufthansa is reporting that a third strike has been scheduled for Friday September 7.
-Sources: Transport Intelligence, Flightglobal, Lufthansa
New Abu Dhabi Port To Open September 1
August 31, 2012
Port Khalifa - a new ocean container port in Abu Dhabi, United Arab Emirates - will be opening on September 1, increasing the Emirate's container capacity by 2.5 million TEUs. The 16 meter depth of the waters will allow the facility to host mega vessels, and it is believed that the port will grow to accommodate 15 million TEUs by 2027. Links with the Etihad Rail are also being considered.
It is believed that the port may facilitate industrial development in the UAE - which has historically been reliant on energy exports.
-Source: Transport Intelligence
U.S. Gulf Coast Ports Still Closed Through Thursday
August 30, 2012
The U.S. Gulf Coast ports of New Orleans, Mobile and Gulfport were still closed through Thursday due to Hurricane Isaac. The Port of Mobile may be open as soon as Friday, and it is not certain whether the other ports will be in a postion to open then, accoridng to the Journal of Commerce. The journal also indicates that roughly 1,400 containers were evacuated from the Port of Gulfport.
Earlier in the day Thursday, U.S. Customs and Border Protection (CBP) indicated that CBP port offices at the ports of New Orleans, Gulfport, Mobile, Pascagoula, Morgan City and Baton Rouge have reopened.
-Source: Journal of Commerce, U.S. Customs and Border Protection
U.S. Surface Transportation Trade with Canada and Mexico Surges in June
August 30, 2012
Surface transportation trade between the United States and both Mexico and Canada surged in June, increasing by 5% year-over-year with Canada and 8.8% with Mexico. Growth was driven by the trade of vehicles between the U.S. and Canada and electrical machinery between the U.S. and Mexico.
-Source: Transport Intelligence
Nehru/Nhava Sheva Trucking Strike Ends, Though Port Faces Considerable Problems
August 29, 2012
Truckers at the Port of Nehru/Nhava Sheva - India's busiest container port - have ended their strike. The truckers went on strike seeking an increase in trucking charges, and reporting suggests that the truckers' needs have been met. It is not yet clear whether this will entail increased trucking charges at the port.
While the strike is over, problems with equipment at the port have led to backlogs of almost one week, with service by OOCL, CMA CGM, Hapag-Lloyd, APL and NYK Line cited by the Journal of Commerce as being negatively impacted by these problems.
-Source: Journal of Commerce
Hurricane Isaac Prompts Closing of U.S. Gulf Ports
August 28, 2012
The ports of New Orleans, Gulfport, Pascagoula and Mobile on the U.S. Gulf Coast have closed as a result of Hurricane Isaac. The Port of New Orleans is expected to repoen Thursday, although it is unclear when the other facilities will continue servicing vessels.
For more information on Hurricane Isaac's impact on U.S. Gulf ports, continue to visit the Compass newsfeed.
-Source: http://www.joc.com/portsterminals/gulf-ports-shut-down-hurricane
Cost of Diesel Continues to Surge in the United States
August 28, 2012
Average U.S. diesel fuel prices surged 6.3 cents week-over-week last week. The price has risen by at least five cents each week - with the exception of one - for the past six weeks.
The national average is USD4,089/gallon, up nearly USD0.27/gallon year-over-year. The largest price increases were observed on the West Coast.
Additionally, gasoline futures have already begun to increase as a result of Hurricane Isaac.
-Source: http://www.joc.com/suppliers/us-diesel-prices-jump-63-cents
India's Busiest Port to Strike August 28
August 28, 2012
Port Nehru/Nhava Sheva, the busiest port in India, is expected to go on strike August 28 as a result of an increase in expenses for container movers at the port. Containers will not be moved at the port effective August 28. Trailers will also be limited to carrying only a single box.
It is unclear what the duration of the strike will be.
For more information on the Nehru/Nhava Sheva strike and other labor disputes impacting logistical nodes around the world, contiue to visit the Compass newsfeed.
-Source: EXIM India Newsletter, August 24, 2012
October Strike Expected at U.S. East and Gulf Coast Ports as Labor Talks Collapse
August 23, 2012
Negotiations between the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance have collapsed, with the ILA president suggesting that a strike will be taking place at U.S. East and Gulf Coast ports when the current labor contract ends on September 30.
The tensions between the ILA and the U.S. Maritime Alliance are laregly the result of ILA concerns with the use of machinery at ports. The labor dispute is expected to lead to the rerouting of shipments away from these coasts by exporters.
For more information on the ILA-U.S. Maritime Alliance dispute, and other labor issues impacting logistics nodes around the world, continue to visit the Compass newsfeed.
-Source: Transport Intelligence
U.S. Poultry and Egg Exports Make Major Jump
August 21, 2012
Exports of poultry and eggs from the United States made a major year-over-year increase in the first six months of 2012 as the result of major hikes in exports to Russia and Mexico. Nearly 80% of U.S. egg exports were destined for Hong Kong, Canada, the United Arab Emirates, the Bahamas and Angola.
-Source: http://www.joc.com/global-trade/us-poultry-egg-exports-set-half-year-record
Middle East, African, Subcontinental Airfreight Volumes Spike for Ramadan
August 16, 2012
Airfreight volumes for shipments to the Middle East, Africa and the Indian Subcontinent have increased considerably during the Islamic holy month of Ramadan, and in anticipation of the Eid holiday. The increase is reportedly being driven by the shipping of foodstuffs and gifts to the regions.
For nearly 60 years, Compass has been a leader in the international air cargo industry. Compass maintains high trade volumes with the major international carriers servicing these regions, and has a strong agent network in the Middle East, Africa and the Subcontinent, as well as partner offices in Saudi Arabia and India to assist clients and ensure seamless importing.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/international-air/ramadan-eid-festivities-help-air-cargo-volumes-surge
Progress, But Still No Agreement in ILA-USMX Talks
August 9, 2012
July negotiations between the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX) yielded some progress, but with a contract set to end on September 30, there has not been a final agreement, which may trigger disruptions at U.S. East and Gulf Coast ports. With uncertainty still looming though, it is believed that some shippers are considering rerouting shipments from the U.S. East and Gulf Coasts to avoid the slowdowns that would follow a possible strike this fall.
With nearly 60 years of experience, Compass is poised to work with its clients to mitigate the impact of a possible U.S. East and Gulf Coast labor strike.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.transportintelligence.com/blog/2414
Brazilian Strike Escalates as Immigration Officers Join Suit
August 9, 2012
A customs strike that has been effecting shipments to Brazil for weeks has escalated as immigration officers were anticipated to join the strike on August 8. Brazilian customs is only reported to be clearing freight on Mondays and Fridays, and for only four hours a day. The port of Santos is also reported to have a 67-ship backlog.
It is believed that Guarulhos Airport in Sao Paulo will be impacted by the unfolding immigration strike.
Compass is partnered with a company in Brazil to ensure that customers shipping to Brazil can mitigte the impact of the strike when possible. With a personalized approach to logistics, Compass is ready to engage customers by taking every possible step to protect their supply chains from unneccessary delays.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.transportintelligence.com/blog/2414
Cost of Diesel Fuel Continues to Increase in the U.S.
August 7, 2012
The cost of diesel fuel in the United States has increased for the fifth-straight week, with a bump of 5.4 cents per gallon last week. The most drastic increases were oserved in the Rocky Mountain region, where diesel is now USD3.813 per gallon. The current national average for a gallon of diesel is USD3.850.
As increasing diesel costs bring up rates with the country's largest trucking companies, Compass is able to leverage its relationships with truckers all across the country to ensure clients are paying the lowest rates possible for inland transportation - another reason why Compass has been an industry-leading transportation logistics provider for nearly 60 years.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/suppliers/diesel-prices-jump-more-5-cents-second-time-three-weeks
Global Airfreight Traffic Grows, Huge Spikes Seen in Middle East and Africa
August 2, 2012
There was a 1.1% year-over-year increase in global airfreight traffic reported in June - a change from declines reported for April and May, according to the International Air Transport Association (IATA). The largest areas of growth were observed by carriers in the Middle East and Africa, where traffic grew by 17.9 and 15.1%, respectively.
Carrier capacity in these two regions also grew considerably, yet at a slower pace than traffic. Middle East capacity grew 14.2% in June, while Africa capacity grew 12.1%.
With a worldwide agent network, partner and agent offices in the Middle East and Africa and estensive service with all major airlines, Compass offers its airfreight customers a level of personalized service that is unmatched in the logisitics industry, as well as highly competitive import and export rates.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/cargo-airlines/global-air-cargo-grows-middle-east-strength
Collapsed Crane Triggers Delays at Nehru/Nhava Sheva
August 1, 2012
The collapse of a crane at India's Port Nehru/Nhava Sheva has triggered a five day backlog at the JNC Terminal, according to an OOCL official. It is not clear at the moment when the issue will be resolved.
Port Nehru/Nhava Sheva is the busiest ocean container port in India.
Through its partner office in India, Compass engages its clients to mitigate the impact of domestic occurences such as port backlogs. Compass also offers customers a range of personalized services for air and ocean shipments to and from the Indian Subcontinent. For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/portsterminals/port-nehru-terminal-hit-crane-collapse
Old Dominion Joins Major Truckers in Hiking Rates
July 26, 2012
The U.S. trucking company Old Dominion Freight Line will be raising its base rates by roughly 4.9% on U.S. and Canadian tariffs. The increase will be implemented August 6, and will vary on a shipment-to-shipment basis, according to Transport Intelligence.
Compass maintains working relationships with both large trucking companies and small regional truckers across the United States to better serve its clients. As major truckers raise their rates, Compass can utilize its trucker network to move goods using the most competitive rates available - another reason why Compass has been an industry-leading transportation logistics provider for nearly 60 years.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: Transport Intelligence
Japan's Exports to the U.S. Increase By Over 15%
July 25, 2012
For the eighth-straight month, Japanese exports to the United States have increased year-over-year, with a 15.1% increase reported for June. The jump in trade is believed to be driven by the export of cars and car parts.
With a strong agent presence in Japan and considerable air and ocean freight experience for a wide range of commodities in the region, Compass works with clients to manage supply chains that link Japan to the United States.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/global-trade/japanese-exports-us-surge-151-percent
Jeddah Shipments Facing "Considerable Delay" Amidst Concerns Over Capacity
July 20, 2012
The Jeddah Islamic Port is reported to be experiencing more cargo than it can accomodate, with a "considerable delay" for shipments as a result of abnormal volume. The Saudi Ports Authority has indicated a 31% jump in tonnage for the port in Jeddah, as well as more and larger vessels calling at the port.
With partner offices located in Jeddah and throughout Saudi Arabia, and strong air and ocean freight volumes to and from the region, Compass is able to work with clients to help mitigate the impact of the Jeddah capacity issues on their supply chains.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.arabiansupplychain.com/article-7775-jeddah-port-cant-handle-freight-volumes/
Customs Strike Worsens in Brazil
July 18, 2012
The customs strike that has been affecting Brazil is reported to have gotten worse, as the Journal of Commerce reports that only food, medicine and livestock were to be cleared this week through Thursday. It is also reported that some vessels were rerouted as a result of the strike.
Compass is partnered with a company in Brazil to ensure that customers shipping to Brazil can mitigte the impact of the strike when possible. With a personalized approach to logistics, Compass is ready to engage customers by taking every possible step to protect their supply chains from unneccessary delays.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/portsterminals/brazil-customs-slowdowns-intensify
Middle East and Asia-Pacific See Airfreight Volume Growth in May
July 16, 2012
Airfreight volume at airports in the Middle East and Asia-Pacific regions posted year-over-year growth in May, according to Airports Council International. The Middle East showed 2% year-over-year growth, while Asia-Pacific volume grew 1.3%.
For nearly 60 years, Compass has been a leader in providing airfreight services to the Middle East and Asia. With large trade volumes and long-term relationships with all major air carriers and a strong agent and partner office network in the Middle East and throughout Asia, Compass offers customers a unique combination of highly-competitive rates and personalized customer service.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/cargo-airlines/asia-pacific-airports-see-growth-freight
U.S. Has Second-StrongestExport Month on Record in May
July 12, 2012
The United States had its second-strongest month on record for goods and service exports this past May, according to the Journal of Commerce. Much of the recent growth has been led by the export of aircraft, vehcile and train-related products.
For nearly 60 years, Compass Forwarding has been an industry leader in helping clients of all sizes in a wide range of industries export products around the world by air and ocean cargo. Compass' highly-experienced staff and network of world-class agents around the globe has allowed customers to easily and cost-effectively export their products worldwide.
Additionally, throughout the company's history, Compass has provided aviation support services to some of the world's leading airlines and suppliers.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/importexport/strong-exports-weak-imports-narrow-us-trade-deficit-may
Lack of Chassis Impacting New York City Area Ports
July 11, 2012
Due to the recent U.S. holiday and high summer volumes, terminals in New Jersey and Staten Island, New York are suffering from an insufficient number of chassis for container drayage, prompting delays and concerns for demurrage penalties. It is reported that Port Elizabeth's Maher Terminals, Jersey City's Global Terminal and Staten Island's New York Container Terminal have suffered the most from the low number of chassis.
With its main office located in New York City, Compass is prepared to help clients navigate the current problems at the local ports, and to help mitigate the impact of these problems on their supply chains. For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/portsterminals/ny-nj-container-terminals-hit-chassis-shortage
Container Cargo Imports to US Forecast to Increase Through Autumn
July 11, 2012
Imports of container cargo to the United States are forecast to increase this summer and autumn relative to last year, according to the National Retail Federation's Global Port Tracker. The report indicates that a 4.7% year-over-year increase in container imports is expected in June, followed by increases of 1.6% in July, 6.2% in August, 6.8% September, 12.6% in October and 2% in November.
An industry leader for nearly 60 years, Compass maintains a highly-experienced import team of customs brokers prepared to help customers with personalized logistics solutions. For more information on Compass' import services and rates, contact compass@compassfwd.com.
Compass Stays Abreast of Customs Strike in Brazil
July 10, 2012
A customs strike in Brazil that has entered its fourth week is adding 24-48 hours to clearance times, according to Breakbulk Online. Ocean cargo at the port of Santos has been hit particularly hard, and airfreight into the country has been affected as well. It is believed that the strike could end next week.
Compass is partnered with a company in Brazil to ensure that customers shipping to Brazil can mitigte the impact of the strike when possible. With a personalized approach to logistics, Compass is ready to engage customers by taking every possible step to protect their supply chains from unneccessary delays.
For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.breakbulk.com/ports-terminals/brazils-customs-strike-continues-07-09
UPS Freight Joins Club in Raising Rates
July 9, 2012
UPS Freight has joined FedEx and other major logistics companies in raising their rates by an average of 5.9%. The increase is for non-contract shipments and will be implemented July 16.
Unlike larger logistics companies such as UPS whose services have become more expensive in recent months, Compass works closely with its clients to offer personalized logistics services that are tailored to each client's unqiue needs. This not only allows for an efficient supply chain management program, but also helps clients trim excess costs on warehousing, transportation and customs clearance. That is the distinction that has made Compass an industry-leader in international logistics for nearly 60 years. For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: Transport Intelligence
Nehru/Nhava Sheva Strike Averted
July 9, 2012
A strike that was scheduled to go into effect today at India's Port Nehru/Nhava Sheva has been averted, according to the Journal of Commerce. There is no indication that another strike will be called for in the near future.
Through its partner office in India, Compass engages its clients to mitigate the impact of domestic occurences such as port strikes. Compass also offers customers a range of personalized services for air and ocean shipments to and from the Indian Subcontinent. For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/portsterminals/nehru-port-dockworkers-call-strike
Brazilian Customs Strike Affects Country's Ocean Imports
June 29, 2012
A strike by Brazilian customs officers has delayed ocean import clearance in the key South American country, according to the Journal of Commerce. The strike is the result of officers seeking an improved work environment and compensation.
For more information on the Brazil customs strike and other trade disruptions around the world, continue to check www.compassfwd.com.
-Source: http://www.joc.com/portsterminals/customs-strikes-disrupt-brazil-imports
Strike Stops Container Movements at South Korean Ports
June 29, 2012
Striking truck drivers have led to nearly 40% of South Korea's imports and exports being stopped, leaving the country's ports unable to accomodate shipments. The Port of Busan, Korea's most important port, has been greatly affected by the strike. It is estimated that over 80% of trucks servicing key trade points in the country have been taken out of service as a result of the strike.
Working closely with its agent in South Korea, Compass is able to help clients mitigate the effects of the trucker strike on their supply chains so goods may be delivered on time. For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/container-shipping/truck-strike-slams-south-korea-container-trade
Port Nehru/Nhava Sheva Strike Delayed
June 27, 2012
Unions at India's Port Nehru/Nhava Sheva have delayed until July 9 a strike that was to take place on June 28. The strike is reported to involve APM Terminals, but is expected to impact all terminals at India's leading port.
With an extensive partner office network in-country, Compass is poised to work with clients to mitigate the impact of the Nhava Sheva strike on their supply chains. For more information on Compass' rates and services, contact compass@compassfwd.com.
-Source: Journal of Commerce
Labor Dispute Prompts Problems at Port of Portland
June 26, 2012
A dispute between the International Longshore and Warehouse Union (ILWU)/Pacific Maritime Association and International Container Terminal Services, Inc. (ICTSI) Oregon over the use of International Brotherhood of Electrical Workers (IBEW) labor at Terminal 6 at the Port of Portland has led to a lawsuit being filed in Oregon's U.S. District Court. According to the Journal of Commerce, it is alleged by the National Labor Relations Board that the ILWU has prompted the delays at the port in recent weeks over he IBEW issue.
The Jounral of Commerce also reports that Hapag-Lloyd and Hanjin have re-routed shipments to Oakland in an effort to stop servicing Portland.
With nearly 60 years of importing experience, Compass is poised to work with its clients to mitigate the impact of the Portland labor dispute on their supply chains. For more information on Compass' import services and rates, contact compass@compassfwd.com.
-Source: Journal of Commerce
Port Nehru/Nhava-Sheva to Go On Strike Thursday
June 26, 2012
Unions at India's Port Nehru/Nhava Sheva have indicated to APM Terminals that they intend to go on strike Thursday, according to JOC Sailings. The strike is expected to impact all terminals at India's leading port.
With an extensive partner office network in-country, Compass is poised to work with clients to mitigate the impact of the Nhava Sheva strike on their supply chains. For more information on Compass' rates and services, contact compass@compassfwd.com.
-Source: http://www.joc.com/labor/strike-threatens-shut-indias-nehru-port
FedEx Freight to Hike Trucking Rates Next Month
June 11, 2012
FedEx Freight will be raising its trucking rates by 6.9% as other LTL truckers are also expected to make increases soon. The FedEx increase will become effetcive July 9, and follows a 6.75% increase in rates by the company last fall. Other truckers are forecast to raise their rates by 2-4% this year.
Compass maintains a broad network of truckers across the United States, allowing our clients to have access to the lowest inland transportation rates available in the market. As FedEx Freight continues to increase its trucking rates by significant percentages, Compass utilizes its relationships with truckers of all sizes across the country to help customers avoid unneccessary surcharges and price hikes on their shipments. To learn more about Compass' inland transportation services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/ltl/fedex-freight-raise-truck-pricing-69-percent
Middle East Carriers Led World in April Cargo Demand Growth
June 1, 2012
While airfreight demand showed negative year-on-year growth in April throughout most of the world, carriers in the Middle East showed a 14.5% increase in demand, according to the International Air Transport Association (IATA). The growth in demand comes as the region's carriers also increased their capacity by 15.1%.
The only other region to report similar growth was Africa, which grew demand by 6.1% and capacity by 9%.
Compass works with all major regional carriers in the Middle East to offer its clients the lowest possible airfreight rates to destinations throughout the region. With an agent network and partner offices across the region, Compass is also able to extend its personalized services to shippers and consignees in the Middle East, facilitating a seamless logistics program.
For more information on Compass' Middle East services and rates, contact compass@compassfwd.com.
-Source: Transport Intelligence
Compass to Expand Airfreight Offerings Out of Washington, D.C.
May 31, 2012
Compass will be expanding its airfreight offerings out of the Washington, D.C. area this fall as Emirates Airlines offers daily Boeing 777 service from Washington Dulles International Airport to Dubai. The service is scheduled to start on September 12.
Emirates SkyCargo connects to over 120 destinations, allowing Compass to link customers in the Mid-Atlantic and Midwest to cities throughout the Middle East, Asia and Africa.
With trucking capabilities linking the Mid-Atlantic and Midwest to Washington, D.C., an extensive worldwide agent network and a close working relationship with Emirates SkyCargo, Compass is prepared to offer clients a streamlined and personalized airfreight solution. For more information on Compass' services and rates, contact compass@compassfwd.com.
-Sources: Transport Intelligence, Emirates Airlines
Major Port Expansion Project Planned for New York/New Jersey
May 30, 2012
Global Container Terminals has announced that it will develop a 70-acre container terminal in Bayonne, New Jersey, set for completion in 2014. The revamped Global Terminal at Port Jersey will increase efficiency for transfers from road and rail, while also facilitating the docking of larger vessels. Since the port's location does not require ships to pass under the Bayonne Bridge, vessels calling there will not need to adhere to the bridge's height limitations. This will allow the largest container vessels afloat to call at the port.
The port is expected to be capable of accomodating 1.7 million TEUs annually.
Compass Forwarding maintains its main office and central warehousing facility in the New York Metropolitan Area, allowing customers easy access to New York/New Jersey port facilities. For more information on Compass' ocean freight import and export services, contact compass@compassfwd.com.
-Source: http://www.seaportspr.com/viewtechnews.cgi?newsletter_id=204&article_id=6076
Footwear Sales Continue to Surge, Driving Up Imports
May 22, 2012
Sales of footwear in the United States have increased year-over-year for the 28th month in a row, up 7.9% in March. Roughly 85% of U.S. footwear imports originate in China, and footwear is considered a key commodity on container ships traveling eastbound across the Pacific.
The Footwear Distributers and Retailers of America report that rising costs for Chinese shoes has led the supply chain to shift to elsewhere in Asia, namely Vietnam.
With an extensive agent network throughout East Asia and a highly-experienced import staff with industry-leading expertise, Compass is prepared to work with customers importing shoes and other apparel from East Asia. The depth and quality of Compass' service will help ensure that importers receive the best value, transit times and lowest duty rates for their shipments. For more information on Compass' import services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/warehousingdistribution/footwear-sales-imports-tread-upward
Port of Virginia Reports 5.2% Increase in Container Volume
May 22, 2012
The Port of Virginia reported a 5.2% year-over-year increase in container volume in April, according to JOC Sailings. The nearly 3,000 TEU increase raised the April volume to 169,644 TEUs. There was a nearly 20% increase in rail container traffic, as well as a 2.7% increase in breakbulk tonnage. A staggering 85.2% year-to-date increase in Port of Richmond-Hampton Roads Harbor barge service container volume was also reported.
With a dedicated business development staff in Virginia, and strong existing business out of U.S. Mid-Atlantic ports, Compass knows the Viriginia ocean freight market, and is prepared to work with its clients to offer them the best ocean transportation services available. For more information on Compass' services and rates, contact compass@compassfwd.com.
U.S. West Coast Sees Jump In Container Volume
May 10, 2012
Ports on the U.S. West Coast saw a large increase in year-over-year volume in March, up 7%. The Pacific Maritime Association also stated that there was an 11% increase for container cargo imports.
With air, land, and ocean transportation services linking the U.S. West Coast to the rest of North America and abroad, Compass is poised to work with customers to address all of their transportation logistics needs. With a personalized business philosophy, Compass employees work closely with their clients to tailor specialized logistics programs for each customer's unique needs.
For more information on Compass' services and rates, contact compass@compassfwd.com.
Compass Helps Customers Save as Study Finds Shippers Pay Too Much
May 8, 2012
Shippers in the United States spent 13% more than was neccessary on transportation in 2011, according to an analysis by Logica. The study concluded that volume and destination had little bearing on the excessive expenses. The excess had more to do with, "inconsistent discounting, accessorial fees and service failures."
In the spirit of the company's personalized business philosophy, Compass employees work closely with customers to understand their business and logistical needs, tailoring a shipping program for them that ensures cost savings. Our nearly sixty years in working with airlines and steamship lines and the large volumes we ship around the world helps Compass secure the lowest rates available for its clients. For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.joc.com/supply-chain-management/us-shippers-overspent-13-percent-2011-study-says
Global Air Cargo Demand Increases 0.3% in March
May 8, 2012
Global demand for air cargo increased by 0.3% in March relative to March, 2011, according to the International Air Transport Association (IATA). The largest increases in volume were reported by Middle Eastern carriers, who experienced a 15.1% year-over-year increase. Latin American carriers increased their volume by 4.9%.
With a worldwide agent network, partner offices in the Middle East and Latin America and estensive service with all major airlines, Compass offers its airfreight customers a level of personalized service that is unmatched in the logisitics industry, as well as highly competitive import and export rates. For more information on Compass' services and rates, contact compass@compassfwd.com.
-Source: http://www.aircargoworld.com.air-cargo-news/2012/05/freight-demand-rose-0-3-epercent-in-march/046739
Major Boost in U.S. Container Cargo Imports
April 27, 2012
After a decline of 5.9% in February, year-over-year container cargo imports to the United States increased by 7.3% last month. The increase was largely the result of rises in the imports of furniture, empty containers and drums and auto parts. Geographically, the largest gains were seen in imports from Northeast Asia. Significant declines were observed in the imports of miscellaneous fruit, footwear and menswear.
With a worldwide network of agents and a personalized service philosophy, Compass is ready to help businesses secure competitive air and ocean import rates to the United States. For more information on Compass' services and rates, please contact compass@compassfwd.com.
-Source: http://www.joc.com/importexport/us-containerized-imports-rose-73-percent-march
Compass Poised to Help Businesses Profit Off U.S.-Colombia Free Trade Agreement
April 20, 2012
President Obama has set May 15 as the implementation date for the U.S.-Colombia Free Trade Agreement, a deal which is expected to eliminate duties on over 80% of industrial and commercial exports from the United States to the South American country. Roughly half of all duties on agricultural exports will also be eliminated. Colombia is a USD14 billion export market for the United States. Reciprocally, the United States is Colombia's largest destination for exports.
With an extensive agent network in South America, Compass is poised to help clients take advantage of the new duty-free trade opportunities with Colombia. To learn more about how Compass can help your business capitalize on exporting to this key developing market, contact compass@compassfwd.com.
-Source: http://www.joc.com/trade/us-colombia-fta-set-take-effect
Japanese Exports to the United States Grow Drastically
April 20, 2012
Japanese exports to the United States grew drastically last month compared to March, 2011 - up 23.9%. The growth, now in its fifth month, has been fueled by the export of vehicles and car parts. Japanese imports from the United States increased year-on-year as well by over 8% in March.
With an agent in Japan and strong existing trade volume, Compass is ready to help businesses secure competitive air and ocean export and import rates to and from Japan. For more information on Compass' services and rates, please contact compass@compassfwd.com.
-Source: http://www.joc.com/global-trade/us-japan-imports-exports-jump
Free Trade Agreement Brings Investment to Korea as Firms Eye Exports to the United States
April 13, 2012
The U.S.-Korea Free Trade Agreement, which went into effect last month, is reported to have brought USD2.34 billion in foreign direct investment (FDI) into Korea in the first quarter of 2012. This represents a 17% increase from the previous year. As duties have been removed on many key exports, the increase in FDI is viewed as a means for firms to exploit the reduced duty and duty-free benefits of Korean trade with the United States.
While export growth would be expected after the passage of a free trade agreement, the recent surge in FDI could bring new business and export opportunities to Korea, further contributing to strong export volume to the United States. With an agent presence in Korea and strong traffic volume to and from Korea, Compass is poised to help its clients capiatalize on the U.S.-Korea Free Trade Agreement. For more information on Compass' air and ocean transportation services to and from Korea, contact compass@compassfwd.com
-Source: http://www.joc.com/economy/foreign-direct-investment-climbs-korea
Monthly Container Imports Projected to Rise Relative to 2011
April 11, 2012
Container imports to the United States are estimated to have increased by 9.6% last month relative to March, 2011, according to the National Retail Federation (NRF)/Hackett Associate's Global Port Tracker. It is also anticipated that this month's imports will rise 3.2% relative to last April, and will continue rising during the summer months.
According to a senior NRF official, as macroeconomic indicators reflect improving economic conditions, consumer confidence is likely to start to rise. This has led retailers to stock-up on products in anticipation of growing demand.
For more information on Compass' import services, please contact compass@compassfwd.com
Source: http://www.joc.com/container-shipping/32-percent-rise-forecast-april-retail-container-traffic
U.S. Exports to Osaka Surge As Port Handles "Record High" Volume
April 11, 2012
U.S. exports to the Port of Osaka, Japan surged 30.7% from 2010 to 2011, reaching a volume of 563,317 tons. The rise in imports from the United States reflects the appreciation of the Japanese Yen, which has raised the attractiveness of goods on the international market for Japanese buyers. This increase in traffic contributed to a total volume last year at the port of roughly 2.17 million TEUs, a "record high" volume for the port.
With agent representation throughout Japan, Compass is poised to help its customers take advantage of export opportunities in Japan. For more information on Compass' export services and rates, contact compass@compassfwd.com.
Source: http://www.joc.com/portsterminals/osaka-box-trade-hit-record-high-2011
IATA Reports Widespread Increases in Air Cargo Volume
April 4, 2012
The International Air Transport Association (IATA) has reported that air cargo traffic increased by 5.1% this past February compared to February, 2011. The most substantial growth was amongst airlines in Asia and the Pacific, which saw a 10.2% increase over February, 2011. Traffic in the Middle East also grew substantially, up 18.2%.
Growth in volume relative to last year has been attributed largely to the Chinese New Year occuring in January this year, as well as poor demand last year triggered by the Arab Spring.
http://www.joc.com/international-air/global-air-cargo-traffic-climbed-51-percent-february
Compass has ranked as one of the top 20 IATA certified air cargo agents in the United States, offering clients personalized air transportation logistics services. Our high shipping volume into the Middle East, Europe, Latin America and Asia ensures that our clients have access to the lowest rates available in the market. For more information on Compass' airfreight services, contact compass@compassfwd.com.
Ocean Cargo Capacity in Abu Dhabi Expected to Surge As Development of Port Continues
March 26, 2012
The first phase of the Khalifa Port project in Abu Dhabi, United Arab Emirates is expected to be completed by the end of this year, driving capacity up by 2 million TEUs, according to the regional newspaper Al Hayat. It is reported that the work is expected to continue until 2030, when the port is forecast to accomodate a capacity of 15 million containers and 35 million tons of general cargo a year.
Ports in the United Arab Emirates are also forecast to handle 60% of non-petroleum ocean cargo in Gulf Cooperation Council (GCC) countries.
Compass maintains an agent presence in the United Arab Emirates, offering clients competitively priced, personalized air and ocean shipping services in and out of Dubai, Abu Dhabi, Jebel Ali and Sharjah. For more information on Compass' services to and from the United Arab Emirates, please contact compass@compassfwd.com.
4% Manufacturing Growth Expected in the United States for 2012, Beating GDP Growth
March 23, 2012
Manufacturing growth in the United States is expected to reach the 4% level in 2012, higher than the forecasted 2.2% GDP growth rate for the year, according to the Manufacturers Alliance for Productivity and Innovation.
The estimate is based on an assessment of 24 key industries, of which 20 are expected to grow this year. Strong demand for automobiles has been identified as one variable impacting the expected growth, as well as slowing growth in the developing world.
http://www.joc.com/economy/us-manufacturing-%E2%80%98-track%E2%80%99-growth-report-says
Containerized Imports to the United States Increase by 4.1%
March 21, 2012
The United States experienced three consecutive months of year-over-year increases in containerized cargo imports, according to a recent report in JOC Sailings. The journal reports that there was a 4.1% year-over-year increase for January, and that key sectors leading this growth were the furniture and auto parts industries.
Auto parts imports saw a 19% year-over-year increase in January, while furniture increased 6%. Other increases were reported in the imports of empty units, various metal ware and footwear. The United States also experienced a 2% increase in Northeast Asia-origin containerized cargo, including a 2.9% increase in imports from China.
In anothr report, JOC Sailings anticipates an increase in year-over-year containerized imports through April, reflecting a forecast by Global Port Tracker. Imports in March alone are expected to increase by 10%. As American businesses seek to reduce costs, they will continue to source products from countries with low currency values relative to the United States, such as China.
As an industry leader, Compass is poised to assist its clients in air and ocean importing, bonded warehousing and customs brokerage. Unlike other forwarders, 100% of Compass' import staff are certified customs brokers, allowing our import specialists to bring a high-level of knowledge of import regulations and procedures to clients. Compass takes pride in crafting a personalized import process that ensures the highest level of service, the quickest clearance time and the lowest tariff rate.
For more information on importing with Compass, contact compass@compassfwd.com.
Compass Gains Competitive Edge in East Asia-U.S. Airfreight Market
March, 2012
Trans-Pacific airfreight rates with the international logistics company DHL and other companies have increased given unconfirmed reports that DHL has been designated to ship Apple's iPad 3 from China to the United States. Companies are reported to have increased rates by up to 20%. With over 50 years of experience working with the major airlines servicing this market and an extensive agent network throughout China, Compass is poised to offer competitive rates and transit times for east and westbound trans-Pacific cargo.
As a forwarder, Compass works with numerous carriers to offer our clients the best airfreight rates available. As rates rise while iPad 3 and Samsung Galaxy shipments burden DHL and other major logistics companies, Compass' personalized approach and access to multiple carriers will ensure that our clients are offered the lowest available rates and the best possible service.
For more information on our trans-Pacific airfreight service or a rate-quote, please contact compass@compassfwd.com.
Compass Supports Bottom-Up Development in India Through Abode of Peace
December, 2011
At a time when Compass and its partners have engaged the Indian economy, developing a logistics network linking India's businesses with U.S. markets, the Compass family recently had the opportunity to support the next generation of India's leaders at the local level.
For over 15 years, Abode of Peace has served as a shelter, a school and a family for children in the city of Visakhapatnam in Andhra Pradesh, India. Underprivileged children are offered an opportunity to learn, foster friendships with peers and live in a loving and caring environment. In a recent trip to India, one Compass employee visited Abode of Peace, delivering a generous donation on behalf of Compass and its employees.
Compass remains proud of its tradition of philanthropic efforts that help support the communities that we live and work in. Those interested in supporting Abode of Peace can e-mail sheelabobby@yahoo.com.
Compass Cares
December, 2011
In the spirit of the holiday season, employees of Compass Forwarding loaded dozens of gifts aboard Santa's 20' cube truck LTL delivery. This, of course, was not a normal truckload. The gifts were part of Compass' annual tradition of responding to "Dear Santa" letters from New Yorkers in need in cooperation with 'New York Cares' Winter Wishes' program.
"Every year we are so proud of how our team responds," commented Director of Business Development, Rich Shelala. "The holidays are a time for giving, and New York Cares does a phenomenal job of connecting children in need with generous 'secret Santas' in the five boroughs. We love our city, and are more than happy to help Santa in any way we can. Plus, what an honor to be such a part of Santa's logistics network!"
Those interested in supporting New York Cares should visit http://www.newyorkcares.org.
Happy Holidays!