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The ILA strike at East and Gulf Coast ports has officially ended, with cargo operations set to resume today. The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) announced a deal on wages and agreed to extend their contract until January 15, 2025. More negotiations will continue to address other outstanding issues.
As China prepares for its annual Golden Week holiday from October 1st to 7th, the shipping and logistics industry is bracing for significant disruptions due to ongoing strikes by the International Longshoremen’s Association along the East and Gulf Coast ports.
Radius International is committed to providing updates on the upcoming potential strike. Here is what we know:
Radius has received many questions regarding the upcoming strike, and we are committed to continuously providing updates.
Radius International wishes to inform you of upcoming changes to the Air Cargo Advance Screening (ACAS) requirements that will impact air freight shipments entering or transiting through the United States. Compliance with these new data elements will be necessary.
As Golden Week approaches in China, businesses worldwide are gearing up for the impact this holiday will have on global supply chains. Golden Week, which begins on October 1st and ends on October 7th, is the celebration of China's National Day.
US importers of Europe-sourced goods are facing a challenging autumn with potential disruptions on both coasts. The rail shutdown in Canada could impact North American gateway ports later this week, while a dockworker strike at US East and Gulf Coast terminals looms at the end of September.
Ocean schedules on major trade lanes from Asia are expected to worsen following a significant explosion aboard the Yang Ming vessel YM Mobility, which led to the closure of the Ningbo port, a key Chinese export hub.
The International Longshoremen's Association (ILA) seeks a nearly 80% wage increase in its next six-year contract with maritime employers on the East and Gulf coasts. This demand follows the ILA's issuance of a 60-day notice to the United States Maritime Alliance (USMX). This indicates the union's willingness to strike if an agreement isn't reached by the end of the current contract on September 30th.
The U.S. Trade Representative (USTR) announced a two-week delay on the implementation of steep tariff increases on various Chinese imports, including a 25% duty on ship-to-shore cranes. Originally set to take effect on Thursday, the tariffs are now under review with a final determination expected in mid-August and implementation two weeks later. The USTR is currently reviewing 1,100 public comments on the matter.
The recent CrowdStrike outage continues to have significant impacts. Delta and other companies are still recovering from the backlog and bringing their computer systems back online. The airfreight industry, in particular, is facing challenges, with Niall van de Wouw of Xeneta stating that the resolution of such incidents can take much longer than the outage itself, depending on the scale and market conditions.
The air cargo peak season, which started late last year, has continued into the first half of 2024 with demand consistently surpassing supply. According to Xeneta, volumes increased by 13% year over year in June, while capacity grew by only 3%, the slowest rate this year. This mismatch is pushing prices higher, and Xeneta’s chief air freight officer, Niall van der Wouw, cautioned that shippers should brace for even higher costs in the fourth quarter, with peak season surcharges expected by late August.
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