A year ago, congestion at West Coast ports pushed shippers east. Now, that trend might reverse. Glenn Taylor
that the current contract for East Coast port dockworkers doesn’t expire until the end of September 2024, but the union representing them has made it clear: Members should prepare to go on strike next October.
“With 2024 still expected to be a relatively slow market, the chaos this would create is less than what it would have been if a strike were on the table a year ago. Shippers and BCOs will need to take into account the potential long lead times as they chart out their risk and supply chain network in 2024.” — Glenn Koepke, GM of Network Collaboration, FourKites
While rerouting shipments to the West Coast is an option, there’s a chance it’s not all smooth sailing. Peter Tirschwell at Journal of Commerce
that if the decline in shipments reverses and the long-term growth trend resumes in 1H 2024, additional pressure will come to bear on the West Coast.