Shipping
Manufacturing orders from China down 40% in unrelenting demand collapse
Aerial view of containers sitting stacked at the Qinzhou Port on August 15, 2022 in Qinzhou, Guangxi Zhuang Autonomous Region of China. China News Service | Getty Images U.S. logistic managers are bracing for delays in the delivery of goods from China in early January as a result of canceled sailings of container ships and […]
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Renewed risk of rail strike has offer chain administrators ramping up contingency programs
An aerial view of delivery containers and freight railway trains in advance of a feasible strike if there is no deal with the rail employee unions, at the BNSF Los Angeles Intermodal Facility rail yard in Los Angeles, California, September 15, 2022. Bing Guan | Reuters Logistics managers are dusting off their plans for a […]
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China, ‘factory of the environment,’ is getting rid of much more of its production and export dominance, most recent knowledge reveals
The container ship Emma Mærsk docked at the Dapukou container terminal of Ningbo-Zhoushan Port on August 21, 2022 in Zhoushan, Zhejiang Province. Vcg | Visible China Team | Getty Visuals China is shedding much more producing and export industry share in vital sectors to Asian neighbors, with new “Zero Covid” policies a major issue leading […]
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World supply chain woes have observed ‘huge enhancement,’ Flexport founder states
Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion through the Milken Institute World Meeting in Beverly Hills, California, U.S., on Wednesday, Could 4, 2022. Bloomberg | Bloomberg | Getty Photos World wide offer chain woes have eased ahead of the holiday year, in accordance to Flexport founder and co-CEO Ryan Petersen. […]
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Ocean freight orders are signaling a big drop in consumer demand
For the marine shipping industry to cut its carbon footprint in half by 2050, promising technology will need to become reality, and efficiency gains will need to increase as well. Lucy Nicholson | Reuters A significant consumer pullback is showing up in ocean shipping, with logistics managers telling CNBC they have seen a 20% drop […]
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Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently that we’re in a recession. We have two quarters of declining GDP that often happens with the recession. … But we […]
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Biden administration prepares for a possible railroad worker strike
The White House has been preparing contingency options to hold crucial products moving and transportation traces open up if union railroad staff strike later this week, White House Push Secretary Karine Jean-Pierre stated Tuesday. “We are functioning with other modes of transportation including shippers, truckers and air freight to see how they can action in […]
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Ocean shipping’s major bets on likely eco-friendly, from wind electricity to methanol and liquid hydrogen
Airseas, the maritime device of France’s Airbus, has designed a gigantic, automated kite referred to as Seawing, which fundamentally tows a ship. Airseas The delivery marketplace accounts for just about 3% of the world’s overall greenhouse gasoline emissions, making as considerably artifical carbon dioxide as all the coal-fired ability plants in the U.S. combined. Continue […]
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How China’s strict Covid policies led to supply chain bottlenecks
At the onset of the Covid-19 pandemic, China’s strict “zero-Covid” policies managed to keep Covid-19 at bay. More than two years later, the country’s ongoing controls are still weighing down its economy and stalling global supply chains. “Zero-Covid has become one of the select drivers of global recession,” Steve Morrison, senior vice president at the […]
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BofA upgrades beverage company Vita Coco, citing declining ocean freight costs
Bank of America sees a stabilizing ocean freight market as a positive catalyst for Vita Coco going forward. The firm on Friday upgraded the beverage company’s stock to buy and raised its price target to $12 from $10. The stock jumped more than 17% Friday to trade at about $11.60 per share. The price change […]
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