Trade
Most supply chain managers expect problems to continue at least through 2024
Bloomberg | Bloomberg | Getty Images More than half of logistics managers at major companies and trade groups say they do not expect the supply chain to return to normal until 2024 or after, according to a new CNBC survey. Sixty-one percent of respondents said their current supply chain is not operating normally, compared with […]
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East Coast ports including New York are winning a domestic trade war at the expense of California
A container crane stands idle at the Port of Los Angeles amid a cargo slowdown on November 16, 2022 in Los Angeles, California. The country’s busiest container port complex, the ports of Los Angeles and neighboring Long Beach, saw imports of shipping containers drop 26 percent in October compared with the same month in 2021. […]
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United Airlines is buying at least 100 Boeing Dreamliners to replace aging wide-body jets
United Airlines is buying 100 Boeing 787 Dreamliners with the option to purchase 100 more new jets that will fly its longest routes and replace less fuel-efficient, decades-old planes. The massive order is a big boost for Boeing from one of its largest customers and comes as United has returned to profitability after the pandemic’s travel slump. […]
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Boeing airplane deliveries picked up in November
Boeing’s last 747 aircraft, #1574, at its factory in Everett, Washington. Leslie Josephs | CNBC Boeing‘s aircraft deliveries picked up last month with airlines getting more 737 Max and 787 Dreamliner planes. The manufacturer handed over 48 planes last month, up from 35 in October, with carriers United, American and Qatar Airways each getting two […]
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European Union reaches landmark agreement on a pollution tax for imports
The EU wants to cut greenhouse gas emissions by at least 55% by the year 2030, compared to 1990. Justhavealook | E+ | Getty Images Plans for the European Union’s Carbon Border Adjustment Mechanism took a significant step forward Tuesday morning after a provisional deal between the Council of the EU and members of the […]
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China provides WTO scenario against U.S. and its sweeping chip export curbs as tech tensions escalate
The U.S. has introduced in sweeping actions to minimize China off from high-tech semiconductors, hobbling the chip field in the world’s next-most significant overall economy. China has strike back again against the actions, commencing an formal issues process in opposition to the U.S. by means of the Entire world Trade Business. William_potter | Istock | […]
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Turkey is halting oil not beneath Russian sanctions, boosting international electrical power marketplace supply issues
Cargo ships and vessels transit the Bosphorus Strait, a entire body of drinking water connecting the Black Sea to the Marmara and Mediterranean Seas via Istanbul, Turkey. Previously mentioned, the Russia-flagged vessel Volga River Taganrog oil tanker passes south by means of the Bosphorus Straits in October 2022. Nurphoto | Nurphoto | Getty Visuals Tankers […]
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EU sanctions, Russian oil rate cap trigger tanker bottleneck as crude moves by way of Turkey
Buddhika Weerasinghe | Bloomberg | Getty Pictures New Turkish insurance policies procedures on oil tankers carrying Russian crude carry on to sluggish down the movement of tankers off the coast of Turkey and amongst Russia’s Black Sea ports and the Mediterranean. Sixteen vessels (none Russian-flagged) are waiting for insurance policy clearance, in accordance to MarineTraffic, […]
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Boeing’s last 747 is rolling out of the factory after a more than 50-year production run
Boeing’s last 747 aircraft, #1574, at its factory in Everett, Washington. Leslie Josephs | CNBC EVERETT, Wash. − Boeing‘s final 747 is set to roll out of the company’s cavernous factory north of Seattle as airlines’ push for more fuel-efficient planes ends the more than half-century production run of the jumbo jet. The 1,574th — […]
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How the U.S. became a global corn superpower
The United States has just about 90 million planted acres of corn, and there’s a reason people refer to the crop as yellow gold. In 2021, U.S. corn was worth over $86 billion, according to calculations from FarmDoc and the United States Department of Agriculture. According to the USDA, the U.S. is largest consumer, producer and […]
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