News
2024 The Year of the Dragon
Dear Clients, Colleagues and Friends, both near and far, On behalf of Speedmark Transportation, we wish you and your families a Healthy, Happy and Prosperous Lunar New Year! February 10, 2024 will welcome The Year of The Dragon! The Dragon is the only animal in the Chinese Zodiac that is a mythical creature. It is truly special. In the Chinese...
Panama Canal to Reduce Daily Ship Crossings; More Delays Expected
PANAMA CITY, Oct 31 (Reuters) – The Panama Canal, one of the world’s main maritime trade routes, will further reduce daily ship crossings in the coming months due to a severe drought, the authorities managing the canal said late on Monday, increasing shipping costs. Booking slots will be cut to 25 per day starting November 3 from an already reduced 31 per day,...
PMA and ILWU Announce Tentative Agreement
By Stas Margaronis | June 14, 2023 | AJOT – Ports & Terminals The Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) reached a tentative agreement on Wednesday, June 14, after more than a year of negotiation. The contract between the two expired July 1, 2022 and 22,000 dockworkers have been working in good faith for...
U.S. West Coast Labor Disruptions Ease but Slowdown Continues
CNBC, June 10 The “slow and go” pace of the International Longshore and Warehouse Union workforce at West Coast ports has slowed ground port productivity to a crawl. As a result, supply chain intelligence company MarineTraffic data shows what it is calling a “significant surge” in the average number of containers waiting outside of port limits. At the Port of...