Florida has been under a state of emergency since Saturday afternoon, warning that residents could see power outages, fuel disruptions and flooding.
News
Great news impacting the rail industry this morning as The National Carriers Conference Committee (NCCC) released the following statement:
Following our recent post on September 12th, 2022, the most recent developments include the following. As of September 14th, 2022, an agreement has been successfully reached with 9 out of the 12 unions.
Starting Monday September 12, US Freight Railroads will begin to cut services due to the failure of two of the country’s largest Unions to agree to contract.
WASHINGTON, September 7, 2022 – With inflation continuing and the Federal Reserve hoping to cool demand through higher interest rates, imports at the nation’s major container ports are expected to fall below last year’s levels for the remainder of 2022, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Regulatory Updates
153 SHIPS STUCK IN QUEUES OFF NORTH AMERICAN PORTS
Port congestion had finally looked like it was easing in May and early June, ship queues had reduced to double digits. As of June 10th, there were 92 vessels held up offshore, led by 25 at the Savannah port, Georgia with 25, 20 off Los Angeles/Long Beach, 18 off New York/New Jersey, and 14 off Houston. Quickly, port congestion escalated to near record highs. On July 8th rising to 125 vessels and showing no signs of stopping, by July 19th 140 vessels were waiting offshore. Read more
NY – NJ Terminal
Possibilities of Maher Terminals tariff were first announced on Thursday, August 4th, by a Bi-State member. Despite Maher’s management team typically having good communications, recently Maher Terminals discreetly published this new tariff to the website, that will take effect on September 23, 2022.
Starting January 1st, 2023 California will implement a new rule “Truck and Bus Regulation” that could shrink the drayage fleet by up to a quarter according to the California Trucking Association (CTA). The new rule will ban truck models that are made in 2009 or older. Given the recent pass of AB5, which bans independent contractors, the addition of this rule will likely motivate some owner-operators to leave the state and when the state’s dray capacity takes a hit, cost to shippers will ultimately rise.
WASHINGTON, August 8, 2022 – After a record-setting spring, imports at the nation’s major container ports are expected to slow significantly for the remainder of the year but 2022 should still see a net gain over 2021, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Port congestion had finally looked like it was easing in May and early June, ship queues had reduced to double digits. As of June 10th, there were 92 vessels held up offshore, led by 25 at the Savannah port, Georgia with 25, 20 off Los Angeles/Long Beach, 18 off New York/New Jersey, and 14 off Houston. Quickly, port congestion escalated to near record highs. On July 8th rising to 125 vessels and showing no signs of stopping, by July 19th 140 vessels were waiting offshore.
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