Category Archives: Labor Economics

ILA concerned about NY/NJ chassis depot rents

Trucking and container chassis again moves into the spotlight. But now it’s how much to pay for the ground the chassis get stored on at the port.  The dislocation caused by ocean lines trying to foist off chassis ownership on truckers continues to hurt US ports.

Chassis provision has played a key role in the port container supply chains since ocean lines divested in 2013.  The issue was a key factor in the West Coast labor dispute at ports, and now is headed eastward.

The whole problem with pools, of chassis or otherwise, is how to allocate the burden of maintaining them, or, put another way, allocate the gains of pooling among the participants. Again it seems, truckers will not be benefiting; these players will fight over fees and split them while truckers will wind up paying in lease rates for whatever adjustments there are.  The ILA is at least bringing attention to the problem.

  Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port’s overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.

Source: ILA concerned about NY/NJ chassis depot rents

Mastering the mechanics of reason and emotion

A very good article on how emotions and rational thinking combine in decision making, and some ideas on how to make them work better together.  A Nobel prizewinning economist and a top neuroscientist discuss the topic.

mckinsey-logo  A Nobel Prize winner and a leading behavioral economist offer common sense and counterintuitive insights on performance, collaboration, and innovation.

Source: Leadership and behavior: Mastering the mechanics of reason and emotion | McKinsey & Company

Maersk has settled in at the world’s ship graveyard

A fascinating, heartfelt article about shipbreaking at Alang. Students of Labor Economics and unions should read it, especially the last part.

screenshot-shippingwatch-com-2016-10-13-10-41-06  ShippingWatch visits one of the most controversial places in the shipping industry, India’s shipbreaking facilities on the beaches of Alang. After banning this location, Maersk has changed its mind and now sends end-of-life vessels to Alang. See all the pictures here from an otherwise very closed-off workplace. – Author: GRETCHEN PEDERSEN

Source: Maersk has settled in at the world’s ship graveyard