There is a mix of good and bad happening in shipping right now. Despite plans to reopen last week, the Vancouver-Kamloops corridor, CN’s main connection to the Port of Vancouver, continues to face severe weather conditions that are negatively impacting the railway’s operations. Meanwhile, the Port of Los Angeles and the Port of Long Beach pushed back the impending container dwell fee yet again this week following the 37% decline in aging cargo that’s taken place since the fee was first announced.
The Long Beach Container Terminal is also looking forward to next month’s opening of a third berth, which many expect to offer much-needed capacity and relief for Southern California’s overwhelming congestion. And with inflation on the rise today, one solution raising hope is the potential tariff reduction on Chinese imports.
In other news, it looks like U.S. consumers were back in stores for this year’s Black Friday. According to The Wall Street Journal, “the rebound marks a reversal from 2020 when the pandemic accelerated a yearslong shift of holiday spending occurring online at the expense of in-store shopping.”
To learn more about this week’s top international shipping industry news, check out the following article highlights:
