News
Logistics Recap November 5th – November 11th
Logistics Recap
November 5th – November 11th
Lawyers to square off on Monday regarding California trucking’s Ab5 exemption request
For the first time since early 2020, attorneys for the state and the CTA, as well as lawyers for some new players in the litigation, will be in court Monday in person before Judge Roger Benitez in the U.S. District Court for the Southern District of California.
New breakthrough on sand sourcing
Researchers have developed “fingerprinting” methods that could help build traceability tools and certification programs for construction sand, one of the world’s most-used natural resources, according to a paper published in the science journal Nature last week.
The methods require no direct observation, showing that fingerprinting “has untapped potential to support traceability and certification schemes and to support monitoring and enforcement in areas where there are concerns about illegal, illicit or simply unknown construction sand sourcing,” the team wrote.
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U.S. announces plans for $553M deep-water shipping terminal in Sri Lanka
The U.S. announced plans November 8 to build a $553 million deep-water shipping container terminal in Sri Lanka’s Port of Colombo in an attempt to keep pace with China in the international project development space.
The initiative will provide Sri Lanka with infrastructure that could potentially “transform Colombo into a world-class logistics hub at the intersection of major shipping routes and emerging markets,” said the U.S. International Development Finance Corporation (DFC) …
Logistics Recap October 29th – November 4th
Logistics Recap
October 29th – November 4th
Truck transportation employment drops again
Employment in the truck transportation sector in October recorded its fourth decline in the past five months as total jobs in that classification are now down more than 30,000 since its most recent high.
Maersk plans thousands of job reductions, says ocean market is ‘worsening’
Maersk plans to reduce its workforce by 3,500 positions in the next year as it prepares for challenges in the ocean market, CEO Vincent Clerc said in a Q3 earnings call on Friday.
Up to 2,500 jobs will be eliminated “in the coming months,” with the remaining job cuts extending into 2024, according to a press release. The goal is to bring total jobs at the company down to below 100,000 positions.
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Yellen calls for more trade between U.S. and LATAM
U.S. Treasury Secretary Janet Yellen wants Latin America to trade more with the U.S. in order to limit China’s dominance of the global manufacturing market.
Logistics Recap October 22nd – October 28th
Logistics Recap
October 22nd – October 28th
Auction houses to liquidate Yellow’s tractors and trailers
A Delaware bankruptcy court approved an order on Friday allowing Yellow Corp.’s estate to sell its rolling stock through auction houses.
The estate entered an agreement with Nations Capital, Ritchie Brothers and IronPlanet on Oct. 16 to facilitate the sale of Yellow’s fleet. The court temporarily withheld approval to give the U.S. Trustee’s office time to file objections.
Senate sounds off on climate disrption to supply chains
Climate change is already disrupting supply chains and will only get worse, which will ultimately lead to higher costs to consumers, businesses and governments.
The looming crisis was the subject of a U.S. Senate committee hearing on Wednesday titled “Bottlenecks and Backlogs: How Climate Change Threatens Supply Chains” held by the budget committee.
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Panel argues U.S. must improve monitoring of Chinese seafood supply chains
According to the South China Morning Post, the comments were made during a hearing hosted by the Congressional-Executive Commission on China (CECC) dubbed “From Bait to Plate: How Forced Labour in China Taints America’s Seafood Supply Chain.” The CECC is a group of lawmakers and politicians that advises Congress and the executive branch of the U.S. on potential human rights violations and humanitarian laws in China.
Following the hearing, the commission’s chairs sent a letter to Alejandro Mayorkas, the U.S. Secretary of Homeland Security, urging his department to publish an order to detain all shipments from the Liaoning and Shandong provinces. The letter also requested the department put companies utilizing Uyghur labor on the UFLPA’s “entity list.”