Transportation Roundup: Labor negotiations continue to intensify
Operations at the Ports of Los Angeles and Long Beach grinded to a halt last week due to a manpower shortage possibly related to the ongoing labor dispute between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association, who have been contract negotiations for more than 11 months.
Trucks attempting to deliver into the port complexes were turned around, according to reports.
On Monday the ILWU Local 13 delayed work by slowing the dispatch of workers, according to the Journal of Commerce, resulting in delays but not a full stoppage of work.
Read more from the Journal of Commerce.
Earnings slow for container lines
First-quarter earnings from container lines are showing a large decrease from the 2022 fourth quarter, although their income is still well above pre-COVID earnings.
Cosco earned $1 billion in the first quarter, down 75% year on year but six times higher than their 2019 quarter one earnings. Cosco subsidiary OOCL reported a drop of 56% year over year and 31% less than quarter four. Read more about quarter one earnings here.
CSCMP to hold logistics panel
The Council of Supply Chain Management Professionals (CSCMP) Twin Cities Roundtable will hold an International Logistics Panel on April 19 at Lee & Associates in St. Louis Park, Minnesota. The event will be moderated by Steve Balaski, director, business development for The Northwest Seaport Alliance and include panelists from J.B. Hunt, Yardbird/Best Buy, The Scoular Company and BNSF Railway. Click here for more information.
Other items of note:
U.S. imports bounce back in March despite dwindling China cargo
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