Shippers seek alternatives as east coast port strike looms
While North American shippers and forwarders nervously await the next developments in the apparent stand-off ...
PG: LEAST SHORTED STOCKBA: UNEXPECTED CASH OUTFLOWTGT: PEAK SEASON DSV: MODELLING CAPITAL APPRECIATIONAMZN: MESSAGE FROM CEODSV: CONSENSUS ESTIMATES RXO: COYOTE DEAL CLOSEDDHL: POSTE PARTNERSHIPDSV: SCHENKER BOOST DAY THREEAAPL: PRESSURE BUILDS WMT: ANOTHER RECORDFWRD: ON THE RISEBA: NEW LOWWTC: NEW DAY NEW HIGH DSV: SCHENKER BOOST DAY TWODSV: STOCK MARKET FALL ACCELERATES DSV: 'NON-EVENT' CONF CALL
PG: LEAST SHORTED STOCKBA: UNEXPECTED CASH OUTFLOWTGT: PEAK SEASON DSV: MODELLING CAPITAL APPRECIATIONAMZN: MESSAGE FROM CEODSV: CONSENSUS ESTIMATES RXO: COYOTE DEAL CLOSEDDHL: POSTE PARTNERSHIPDSV: SCHENKER BOOST DAY THREEAAPL: PRESSURE BUILDS WMT: ANOTHER RECORDFWRD: ON THE RISEBA: NEW LOWWTC: NEW DAY NEW HIGH DSV: SCHENKER BOOST DAY TWODSV: STOCK MARKET FALL ACCELERATES DSV: 'NON-EVENT' CONF CALL
The International Chamber of Shipping has given an interview in today’s Guardian, in which it warns against a failure to introduce some sort of seamless customs system between the UK and Europe – ie, identical in almost every way to that which exists – when Brexit finally becomes a reality. Currently, non-EU trucks already have to go through a 20-minute clearance process when they arrive at Dover, but that can take up to an hour if there are VAT or other enquiries. “Multiply that by 8,000 a day (the number of lorries on a slow day) and you can see what happens. It is going to be an absolute disaster for the ports and for our sector as well.”
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