Industry News

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Industry News

  • Chinese Yuan and U.S. Tariffs November 8, 2018 The Chinese Yuan has declined in value against the U.S. dollar during the course of the Summer and other than a two-day gain of roughly 1.2% that came after reports of a potential meeting between President Trump and China’s President Xi Jinping the value continues to decline. While the reasons for the decline are complex, the net effect is to erase much of ...
  • Trans-Pacific Freight Rates November 8, 2018 Ocean carriers reduced space from Asia to the U.S. during the summer. Three weekly sailings to the West Coast and one to the East Coast were suspended. (Carriers are granted anti-trust immunity permitting them to collaborate on rates and space). The effect was to substantially reduce available space and drive up rates. Spot rates have been experienced an unusually long high this summer and autumn. ...
  • PierPass 2.0 October 17, 2018 The West Coast Marine Terminal Operator Agreement (WCMTOA) has announced that major changes in the program known as PierPass will take effect on November 19, 2018. History PierPass was created to reduce daytime traffic and congestion on roadways around the Port Complex of Los Angeles/Long Beach during daytime hours.  Prior to PierPass terminals were generally open during limited hours which meant that truck traffic was extremely heavy ...




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