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July 3, 2023

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Spotlight 8 Journal of Commerce | July 3, 2023 Trending @ Turn to for the latest breaking news, analysis, special projects and events-related information. Here's what's hot: FEATURED CONTENT WEBCASTS Jonathan Weiss / Midyear Container Shipping Report: How the Economy, Consumer Trends and Logistics Shis Are Impacting the 2023 Peak Season Thursday, July 13, 2023, 2:00 PM EDT US containerized imports are showing signs of stabilizing, if not yet showing a significant rally, as supply chain trends return to some semblance of new normal following the dramatic two-year, pandemic-driven surge in imports and con- sumer demand. Total US imports hit nearly 2.1 million TEUs in May, according to data from PIERS, a sister company of the Journal of Commerce within S&P Global. Although that was the highest total monthly import volume this year, it was still down more than 20% from the same month in 2022, continuing a streak of year-over-year double-digit declines that started last November. As the trans-Pacific prepares to enter its busiest quarter of the year, the question now is whether this period is a correction that will lead to increased stability or whether further receding will occur. For now, the peak season is shaping up to be dull — a recent CNBC survey revealed that retailers expect a weak holiday season, marked by heavy discounting, an indication that holiday-related imports could remain so through the summer-fall peak season. What does this mean for shippers, carriers and forwarders and the prospect for accessorial charges? Will carriers be forced to lay up capacity, leading to more blank sailings in the fall? And, with a tentative West Coast labor agreement reached between the International Longshore and Warehouse Union and Pacific Maritime Association, will importers reevaluate their routing decisions, leading to West Coast ports recapturing some of the market share they've shed during the uncertainty around negotiations? Logistics Technology: The Future of Digital Procurement Thursday, July 20, 2023, 2:00 PM EDT Shippers across modes have been saddled with an unenviable amount of volatility, on both the high and low side of the rate and capacity-availability spectrum. That volatility is throwing a number of long-held beliefs about freight procurement — most notably a reliance on annual contracts and devotion to a multi-round bidding process — into question. As technology advances in all areas of logistics take hold, it's appropriate for shippers to wonder if the time they take determine the appropriate carriers, allocate freight and find the right rate equates to a commensurate amount of value. This webcast will focus on how bidding across freight modes is changing, how the proliferation of rate information is changing procurement models and whether it makes sense to be more flexible as a buying organization. Journal of Commerce Top 100 Importers and Exporters: Analyzing the Rankings and Trade Dynamics — A Two-Part Series On demand, Free The past year has been a roller coaster ride for US importers and exporters, regardless of the commodity they move or sector in which they do business. On the import side, the consumer spending dam that had been holding up record-smashing trans-Pa- cific volumes and rates for more than two years finally gave out, sending pricing plummeting to pre-pandemic levels. On the export side, the operational challenges that resulted from those record import volumes — from capacity and equipment shortages to skipped calls at key export gateways — also have eased, allowing for a more typical outbound flow of goods. But with the US economy expected to rebound, possibly as soon as the second half of 2023, the question now becomes: Have shippers and transportation providers learned from the pandemic-induced spike in freight demand or will they be caught out when the tide turns again? This two-part webcast will examine the impact that economic-, geopolitical- and supply chain-related events have had on importers and exporters, and how that has played out in terms of containerized shipping volumes, as reflected by the Journal of Com- merce rankings of Top 100 Importers for 2022. Teamsters-ABF pact would boost LTL wages, limit driverless technology International Brotherhood of Teamsters leadership is endorsing a tentative agreement with ABF Freight System that would give union employees at the less-than-truckload carrier a significant pay raise, as well as assurances that ABF won't deploy driverless technology without the consent of the union. Green groups challenge claims of 'massive' LNG savings by lobby group Climate campaigners are disputing a report that claims the cost of compli- ance with European emission laws by vessels powered by liquefied natural gas would be up to 3.5 times cheaper than ships running on methanol or ammonia. Maersk's growing air freight coverage driven by in-house demand Maersk has expanded its freighter network on the trans-Pacific and Asia-Europe routes by increasing flight frequencies and adding a new aircra to cover the carrier's in-house air freight demand, shrugging off a subdued mar- ket burdened with excess capacity. RESOURCES Top 100 Importers and Exporters with its Multipurpose Time Charter Index, which continued to fall, sliding 0.94% in May to $8,984 per day. The index is expected to ease further in June, forecast to fall 0.85% to $8,912. London-based Dre - wry's index tracks one-year period charters and is based on a basket of vessel types, including European short-sea. CSX seeks dismissal from Hapag-Lloyd complaint CSX Transportation has filed a motion with US maritime regulators to dismiss a complaint from Hapag-Lloyd that dragged the Class I railroad into a demurrage dispute, arguing that while the Federal Maritime Commission (FMC) has jurisdic - tion over the jointly moved cargo, it has no authority over rail carriers. The FMC case began with a dispute between Hapag-Lloyd and non-vessel-operating common carrier M.E. Dey, which is seeking $136,000 in relief for 13 containers stored at the rail - road's Nashville ramp last September. CSX became a target in April when the con- tainer line filed a complaint June 5 against the railroad, alleging CSX "independently collected" the storage charges from Dey and "retained 100% of the $136,500 in storage charges for its own benefit." Riekelt Hakvoort / AJ Packer /

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