trade news

Alba News – March 10, 2022

Joe DeSilvestri

March 10, 2022

Sal Stile Talks with Fox: Is the Russia-Ukraine Conflict Affecting Supply Chain Issues?

The President of Alba Wheels Up spoke in an interview on “Fox Business” and he discussed a forecast for the 2022 supply chain disruption, and how this might lead to higher inflation rates than expected due to recent conflict situation.

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60,000 Unit Chassis Pool Set for South Atlantic by 2023

A number of ports and organizations through the southeast are coming together to create a single chassis pool which will ensure that all containers which arrive can be matched with wheels, regardless of ocean carrier. This is a positive step for everyone.

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Trade Weighing In Vocally and Early on ILWU Contract

Last week a group of four dozen associations sent a letter to the White House underscoring the importance that there not be anything less than a concluded contract on the waterfront prior to the June 30th expiration of the current agreement.

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On-Demand Webinar: Uyghur Forced Labor Prevention Act: What information you need to know?

Pres. Biden signed the act aimed at goods that include raw materials or were processed in the Uyghur Region, allowing U.S. Customs and Border Protection to deny entry of these goods. On this session learn what supply chain adjustments are needed?

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Fluid Sanctions Means Stepping Up Denied Party Screening

As the US and EU imposed an increasing number of sanctions on entities, companies must ensure a robust compliance program is in place and all transactions are screened fo possible violations that could carry civil or criminal penalties.

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“Five Eyes” Targets Cartel-like Carrier Behavior

The US, Canada, UK, Australia and New Zealand have announced a joint effort to examine cartel-like behavior by ocean carriers over the past two years. Their investigations increase the likelihood of legal action for collusive behavior.

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Capacity Crunch Hitting Air and Sea Freight as Carriers and Capacity are Withdrawn and Redirected

The largest liners in the world – collectively 62% of global capacity to date – have all announced their intent to cease doing business into and out of Russia. Some have opted out of Belarus as well. For companies doing business in Europe, this will impact sailing schedules and available equipment based on what is essentially trapped inside those two countries.

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