End of trucker strike provides port relief in Karachi

End of trucker strike provides port relief in Karachi A week-long strike in Karachi, Pakistan, by truck drivers protesting high diesel fuel prices and poor security from looters has ended, according to a customer bulletin from Seattle-based forwarder Expeditors International and local media outlets.
   The transport strike is estimated to have stranded about 5,000 import containers and 2,000 export containers. Further cargo delays are expected as the terminals work to whittle down the backlog.
   A major trucking union said the strike was lifted after government assurances that it would address their concerns. The government has cut fuel subsidies in recent months to combat a widening budget deficit. Officials agreed to reduce diesel fuel prices if crude oil prices decline, temporarily reduce highway tolls for freight carriers, find alternative routes for freight along the congested coastal corridor, and set up highway checkpoints to deter cargo theft.
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The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.

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