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Truck drivers in the Ports of Los Angeles and Long Beach seeking to be recognized as employees have struck Pacific 9 Transportation six times in the past two years, and the current strike has been ongoing for 10 weeks.
Ocean carrier members of the G6 Alliance announced they will void additional sailings on their Loop 1, Loop 4, Loop 5, Loop 6 and Loop 7 services between Asia and Europe.
No reasons was given for NYK's decision, but industry officials say it is tough for carriers to make money in the north-south trade lanes today.
After completing the long-awaited Trans-Pacific Partnership agreement on Monday, the Obama administration now faces its next challenge: promoting the trade pact to Congress and voters.
Just prior to announcing the board of TNT Express had approved its sale to FedEx, the company issued an investor alert warning shareholders that third quarter 2015 profits would be “materially lower” than in the third quarter of 2014.
A massive influx of refugees fleeing the war in Syria has resulted in increased wait times at border crossings and reduced volumes for trucking carriers, according to the International Air Cargo Association.