Transportation and shipping
West Coast port labor troubles persist from Los Angeles to Seattle, with provide chain annoyance mounting
A container ship is revealed at the Port of Los Angeles in Los Angeles, California, November 22, 2021. Mike Blake | Reuters Just hours just after the reopening of the West Coastline ports on Monday following numerous closures that began at the Port of Oakland final Friday when some union staff refused to report for […]
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West Coast ports shut down as union employees ‘no show’ after breakdown in wage negotiations
Transport containers are observed at a terminal inside the Port of Oakland. Carlos Barria | Reuters West Coast ports are shutting down as union personnel “no present” following a breakdown in negotiations with port management. The Port of Oakland was shut down Friday morning owing to insufficient labor for terminal operations, a stoppage that is […]
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Corporations are bringing output back dwelling for the reason that of the Ukraine war, China’s slowdown — and TikTok
The U.S. is pushing ahead with incentives for domestic producing of laptop or computer chips and electrical car components, while the European Union has declared a 43 billion euro ($46 billion) package to enhance chip producing in the bloc. Luke Sharrett | Bloomberg | Getty Pictures A new “reshoring” craze is established to upend world […]
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UN urged to assistance foreign seafarers, ships stranded in Ukraine considering that start of war
For the final calendar year, considering the fact that the start out of the war with Russia, 331 seafarers and 61 ships have been trapped in Ukrainian ports, and calls for their expedited release are intensifying. The Intercontinental Chamber of Shipping, along with over 30 other businesses and organizations, have published a letter urgently calling […]
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There is a new inflation warning for customers coming from the source chain
An Optoro warehouse in Tennessee that handles returns for retailers. Supply: Matt Adams | Optoro As the marketplaces prepare for the hottest client price tag index data on Tuesday, logistics professionals are warning of a persistent source of inflation in the provide chain, and declaring people ought to be all set for the impression it […]
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4 troubling international trade developments flashing consumer weakness for a market place now fearing recession
Wall Street’s most important lender CEOs, from Jamie Dimon at JPMorgan to Brian Moynihan at Bank of America, ended up talking a recession as the “central scenario” as portion of earnings reports on Friday morning. It may be a “mild” a single, as Moynihan predicts, but from the globe of world wide trade, there are […]
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What’s next for global economy after an ‘unusually slow’ holiday quarter: Forward Air CEO
Forward Air shares are delivering on something few companies have as the year draws to a close. The stock is beating the Dow Jones Transportation Average and the S&P 500 in the fourth quarter. The trucking and logistics company, which counts Home Depot and Delta Air Lines among its customers, receives 30% of its revenue […]
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Union Pacific pauses use of controversial freight rail embargoes
A Union Pacific freight train carries goods east near Palm Springs, California, a key link in the roadways and railways that connect the southern California metropolitan areas, as well as the busiest port complex in the nation, with the rest of the U.S. David Mcnew | Getty Images News | Getty Images Union Pacific is […]
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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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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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