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Dockworkers in Montreal, Canada, announced their plan to strike starting Thursday, October 31, targeting two major container terminals. This action was part of an ongoing disagreement over their contract. CUPE Local 375 urged the Maritime Employers Association to reach an agreement, stating that the strike would continue indefinitely unless they settled the work schedule issues. […]

Key Takeaways As the dust settles from the recent port strike on the US East and Gulf Coast ports, the shipping industry finds itself at a crossroads, balancing immediate labor disputes with long-term strategic shifts in logistics and alliances. The brief but historic dockworkers strike in nearly half a century, lasting merely three days, underscored

Review of the International Freight Market As of September 17, 2024, the Baltic Dry Index (BDI) closed at 1896 points, an increase of 87 points from August 30, representing a rise of 4.8%. In the iron ore market, supply saw a significant decrease in shipments from foreign mines in early September, with total global iron

The first half of 2024 in the container shipping market was marked by an early peak in demand, tight capacity, and rapidly rising freight rates due to several key factors. These factors include supply disruptions from prolonged rerouting around the Red Sea, increased exports driven by restocking needs in Europe and the U.S., and shippers

U.S. retail sales for May came in slightly below expectations, with a modest 0.1% increase in overall sales compared to the previous month.  Excluding automobile purchases, sales actually declined by 0.1%. However, when food services are excluded, retail sales showed a more positive picture, growing by 0.2% month-on-month and 2% year-on-year. Despite a slight decline