News

Filers who are approved to participate in the Periodic Monthly Statement (PMS) can pay duties for shipments entered or released during the previous calendar month.

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Labor negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) remain unresolved, with the current contract set to expire on January 15th, 2025. Key U.S. East and Gulf Coast ports, including major logistics hubs like New York, New Jersey, Savannah, Charleston, Houston, and Miami, could be impacted.

Please contact your OIA Global representative if you have questions or need guidance.  

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India’s government approved three rail track expansion projects (375km total) with a total investment of Rs $79.3b:  

• Quadrupling the 160km Manmad-Jalgaon line  
• Quadrupling the 131km Bhusawal-Khandwa line, which will boost freight traffic by 13m tons per year.  
• Tripling the 84km Manikpur-Prayagraj line, which will serve as a feeder route to the 1337km Eastern Dedicated Freight Corridor (DFC), with the expansion expected to increase freight traffic by 16m tons per year.  

Overall, Mahrashtra’s rail freight traffic will be boosted by an estimated 21m tons per year. 

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The Port of Manzanillo, Mexico’s primary gateway on the Pacific Coast, will more than double its capacity to 10m TEUs (currently 3.5m) as part of a $3b expansion, making it the largest container port in Latin America and one of the world’s top 15 ports. 

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The United States, Canada, and Finland recently formed the Icebreaker Collaboration Effort (ICE) Pact, a transformative partnership that strengthens the three nations’ collective presence in the strategically important Arctic and Antarctic regions.  

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The global cold chain market (temperature-controlled containers) was worth almost $248.4b in 2020 but is expected to exceed $410b by 2028. 

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Canada’s Labour Minister directed the Canada Industrial Relations Board (CIRB) to resume all port operations in Montreal and on the West Coast. CIRB directed all parties, namely the Port Employers’ BCMEA and the Vancouver Port Foremen Union, to resume all operations starting 14 Nov 2024 until the CIRB makes a final decision on binding arbitration. An exact timeframe for the resumption of services is not yet known, but port operations should resume soon.