Expeditors in court – new motion questions 'good faith'
Patterns of behaviour…
Representatives claim the US International Longshoremen and Warehouse Union (ILWU) “will continue to operate as usual”, despite it declaring bankruptcy and entering Chapter 11 over the weekend.
Chapter 11 bankruptcy is a procedure that allows businesses to recognise their debts while continuing operations, and is often referred to as ‘reorganisation bankruptcy’.
ILWU leaders said the union, which represents dockers at west coast US ports, had been forced into the move due to the cost of its continuing litigation with Filipino terminal operator ...
Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
Keep our news independent, by supporting The Loadstar
Container spot rates diverge: to Europe still falling, but firmer to the US
Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded
Ecommerce likely the front-runner in resurge of transpacific trade after deal
Volume surge and an early peak season? 'Don't celebrate too soon,' warning
China-US trade tariff pause could drive a rebound for transpacific rates
Airfreight players eye new routes as demand on the transpacific nosedives
Service chaos from trade ban with India a problem for Pakistan shippers
Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high
Indian coastal freight attracts major carriers, but regional tension disrupts
Serious threat to jobs in US logistics as tariffs cause economic 'stagflation'
Comment on this article
tabish Ali
October 04, 2023 at 7:15 amDespite declaring bankruptcy and entering Chapter 11, it’s great to know that the US International Longshoremen and Warehouse Union (ILWU) will continue operating normally.