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From today’s Journal of Commerce:
The International Longshoremen’s Association and United States Maritime Alliance appear to be moving closer to an agreement that would keep East and Gulf Coast ports open after the current dockworker contract expires at midnight Wednesday.
Negotiators met into the night Thursday and reportedly exchanged contract proposals that were to be discussed today. Details weren’t available, but sources in the talks reported progress toward a deal.
Read the rest at the JOC
Ocean carriers have become adept at reducing capacity on an ad hoc basis when cargo volumes drop, and this operating strategy could reach a new level next month during the annual Chinese New Year celebration.
With indications that factories in Asia will begin closing in early February and remain shut for as long as three weeks, carriers are telling their customers to expect more blank sailings this year than during past Lunar New Year celebrations.
More at the Journal of Commerce
Transportation Secretary Ray LaHood, the last Republican left in President Obama’s Cabinet, announced Tuesday he is stepping down.
In a note to department staff, LaHood said he would remain at the helm until a replacement is confirmed to ensure “a smooth transition for the department and all the important work we still have to do.”
The former seven-term congressman from Peoria, Ill., has led the department since 2009 and was not expected to stay on through a second term. Among those who have been prominently mentioned as a possible successor is Los Angeles Mayor Antonio Villaraigosa, whose mayoral term ends June 30 and who played a key role in writing a provision of last year’s federal transportation bill that is designed to speed up projects throughout the country, including in Los Angeles.
More at the Los Angeles Times
Source: NYTimes
Source: Michigan Radio
Source: Bloomberg
Source: USA Today
Source: Huffington Post
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