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Labor strikes at Canadian ports disrupt supply chains as ships reroute to Seattle. These disruptions affect the $225 billion in annual cargo flow, impacting U.S. trade.
A labor strike stretching into its sixth day at Canadian West Coast ports is causing significant disruption to the logistics sector. Two containerships bound for the Port of Vancouver, MSC Sara Elena and OOCL San Francisco, have been diverted to the Port of Seattle, with further rerouting anticipated. This rerouting extends product delivery times and risks port congestion, potential backlogs, and late fees often passed on to consumers. ITS Logistics reports that clients are now seeking alternative American ports, adding complexity to supply chain management. The strike threatens to disrupt the flow of approximately $225 billion in cargo processed annually by Canadian ports, with potential consequences for U.S. consumer trade.
Source: CNBC
The BC port strike has now entered its 6th day. We urge both parties and the federal government to do what is necessary to get goods moving again, and to avoid further disruption to Canada’s critical supply chains. pic.twitter.com/n16npwRopE
— Canadian National (@CNRailway) July 6, 2023
The Port of Los Angeles processed 752,893 20-foot equivalent units for the month of May. A 3% decline from the 779,140 moved around this time a year ago.
East Coast port strike looms while LA imports fall slightly. But bigger storm brewing as ocean freight rates could hit $20,000 per container.
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With the port gradually reopening, this Baltimore trucking firm navigates ongoing disruptions while keeping drivers employed.
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