Cargoccino is our bi-monthly post for logistics professionals and importers, delivering bite-sized industry news straight to your inbox. Stay informed while enjoying your favorite drink, with updates every 2nd and 4th Tuesday of the month.
Surge in U.S. Container Imports: Beyond Pre-Pandemic Peaks! 🚢📈
October 2023 saw a surge in U.S. container imports, surpassing pre-pandemic levels, per Descartes Systems Group. Volumes rose by 4.7%, hitting 2,307,918 TEUs—11.4% above October 2019. Unusually, import volumes continued to rise, approaching pandemic-era congestion levels. Despite a 2.3% increase in imports from China, West Coast ports lost market share. Notably, port transit times improved, reflecting unexpected trends in global shipping.
Source: GCaptain
Charting the Seas: The Case for a Global Carbon Tax ⚓💚
Without a robust carbon tax, the industry struggles to shift to zero-carbon fuels, hindering progress towards the 2050 net-zero emissions goal. Global carbon pricing is crucial, as carriers currently bear the cost burden, and a high enough tax may be the key to incentivizing change. Delve into the complexities and potential solutions in JOC's insightful analysis.
Source: JOC
Trucking: Federal Bill Sparks Controversy 🚚💼
The trucking industry is embroiled in controversy over a federal bill proposing overtime pay for drivers. While the Owner-Operator Independent Drivers Association advocates for an end to a 1938 federal overtime exemption, the American Trucking Associations (ATA) argues against it, fearing potential negative impacts. With the reintroduced bill gaining attention, the industry faces a pivotal moment in labor regulation discussions.
Source: Trucking Dive
CMA CGM's $600M Investment in U.S. Infrastructure 🛳️💸
CMA CGM navigates the challenging maritime environment by investing $600 million in U.S. infrastructure. Focused on controlling its destiny, the carrier targets seaport terminals and logistics operations in Savannah, New York, and New Jersey. Harnessing artificial intelligence for efficiency, CMA CGM aims to streamline logistics costs, boost productivity, and enhance service. This strategic investment aligns with the evolving dynamics of the global container trade.
Source: FreightWaves
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