News
Logistics Portal October 15th – October 21st
Logistics Recap
October 15th – October 21st
14% decline in truck fatalities
New preliminary data from the Federal Motor Carrier Safety Administration shows a noticeable drop in large-truck crash injuries and fatalities, a positive development as the agency considers new rules designed to prevent such crashes and mitigate their effects.
Tracker: Maritime cargo trends
Maritime gateways handled 40% of international freight value in 2022, according to the Department of Transportation. As a result, keeping track of seaport volumes can be a good barometer for establishing years- and months-long trade trends nationwide.
So far in 2023, volumes have normalized to pre-pandemic levels — but how far above or below 2019 will containerized trade end up?
Read More Here Supply Chain Dive
China limits graphite exports
China, the world’s top producer and exporter of graphite, announced October 20 it will soon require export permits for some graphite products in an effort to protect national security. The Chinese Ministry of Commerce said that the new requirements will not target any specific countries, according to Reuters.
Logistics Recap October 8th – October 14th
Logistics Recap
October 8th – October 14th
U.S. pulls trigger on Russian sanctions, crude tankers blacklisted
It took a while but it finally happened: The U.S. Treasury Department has begun sanctioning tankers transporting Russian crude oil valued above the West’s price cap.
Since Dec. 5, 2022, the Group of Seven nations, members of the European Union and Australia have barred their countries’ marine service providers from working with tankers carrying Russian crude priced above $60 per barrel. Tankers carrying crude above the cap that use G-7, EU or Australian services have been threatened with sanctions.
Maersk grows air cargo network
Maersk opened a new freight hub near Los Angeles International Airport (LAX) as it looks to grow its air cargo network in North America, according to an Oct. 3 release.
The 130,000-square-foot air facility triples its West Coast capacity, allowing for “more supply chain integration opportunities and better scaling to care for seasonal peaks as well as market driven volume spikes for breakout product launches,” according to the release.
Read More Here Supply Chain Dive
Trade could be impacted following Isreal-Palestine conflict
The conflict between Israel and Palestine could impact the movement of goods to and from Israel, according to Hossein Norouz Fashkhami, a freelance business consultant and who specializes in the Middle East, in a recent blog post.
Logistics Recap October 1st – October 7th
Logistics Recap
October 1st – October 7th
Employment ranks rebound in truck transportation
Truck transportation jobs have rebounded sharply from the low levels reported a month ago, when the closure of Yellow Corp. resulted in a big decline in employment.
When the Bureau of Labor Statistics released its August report in early September, jobs in the truck transportation sector showed a decline of 36,700. That was largely attributed to the collapse of Yellow in late July and early August.
Supplier diversity and DEI programs under pressure
Supplier diversity and DEI programs are facing heightened scrutiny and resolve as political pressures cause businesses to rethink their diverse sourcing strategies.
Supply chain managers should think again before letting ongoing political shifts impact their company operations and procurement strategies. Successfully navigating this dynamic landscape is essential for businesses, affecting not only their social responsibility but also their supply chain resilience and competitiveness.
Read More Here Supply Chain Dive
U.S. to participate in IPEF negotiations
The Office of the U.S. Trade Representative and the U.S. Department of Commerce announced October 4 that a delegation of American representatives will travel to Kuala Lumpur to participate in the sixth negotiating round of the Indo-Pacific Economic Framework for Prosperity (IPEF) from October 15 to October 24.
During the negotiations, IPEF partners will continue to work on the outcomes of Pillars I (Trade), III (Clean Economy) and IV (Fair Economy) of the framework.
Read More Here Supply Chain Brain
Cargill’s clean fuel journey faces choppy waters
the International Maritime Organization (IMO) – a specialized agency of the United Nations responsible for regulating shipping – has mandated emission reductions of 50% for all vessels by 2050. A number of countries, including Japan, the UK and the US, have also set similar net-zero shipping targets.