News in Brief podcast | Week 30 2024 | Surcharges, strikes and IATA's stressful settlements
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Two fascinating issues are unfolding concurrently on the US east coast. While the Commonwealth of Virginia wrestles over which corporate entity might operate its cargo terminals in the future, the powerful International Longshoremen’s Association says an east coast port strike is now “likely” after contract negotiations with employers broke down this week.
At a public meeting on Wednesday state officials offered glimpses of two additional outside proposals to run the Port of Virginia – one from private equity firm the Carlyle Group and the other from Deutsche Bank’s infrastructure investment arm RREEF. They will square up against each other and APM Terminals, which initiated this contest when it made an unsolicited approach announced by the port in May.
But, as the Virginian Pilot reported in this article, the buzz about the labour situation – which could mean the first strike to affect ports from Maine to Texas since 1977 – left some meeting participants compulsively checking smartphones for updates.
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