As of this afternoon, the ILA and the East Coast & Gulf ports still do not have a new contract. We are coming down to the wire with eleven days left before the current contract expires.
We have already seen importers reroute their goods to the West Coast. This rerouting on top of the October 1st holiday in China could lead to extra congestion on vessels coming to the West Coast.
We also are continuing to receive reports from truckers on the East Coast that various terminals are “slowing down” productivity. Truckers are unable to pick up as many containers at the terminals in a single day as they were prior to the “slow down”.