supply chain News Updates

Business, Technology, Fuel, Logistics, Global Freight

HMM to Continue Deploying More Ships as Port Congestion Persists

HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.

May 10, 2022
Business, Logistics

Critical Talks to Begin for West Coast Port and Warehouse Workers

Labor Secretary Marty Walsh, seaport officials on the West Coast, International Longshore and Warehouse Union negotiators and leaders with the Pacific Maritime Association are talking optimistically that a long-term contract with workers can be negotiated this summer.

May 9, 2022
Business

Odyssey Realigns Business Structure With Four New Divisions

Odyssey Logistics & Technology Corp. realigned its business structure by creating four new operating divisions, the company announced May 4.

May 9, 2022
Government, Business

Fed Hikes Rates Half-Point; Powell Signals Similar Moves Ahead

The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation.

May 4, 2022
Government

Sen. Klobuchar Presses Passage of Shipping Bill

As supply chain woes continue to affect the commercial transportation industry, Sen. Amy Klobuchar called on colleagues to pass legislation meant to facilitate the movement of freight at the nation’s ports.

May 3, 2022
Business, Technology, Equipment

Microsoft’s, Chipmakers’ Bottom Lines Hit by Xi’s Lockdowns

Companies from Microsoft Corp. to Texas Instruments Inc. that long benefited from supply chains that run through China now are paying a price for the country’s sweeping lockdowns that have confined millions to their homes.

April 27, 2022
Business, Logistics

Montreal Port’s Pitch to Shippers: No Waiting

The head of Canada’s second-biggest port has a supply chain sales pitch few of his peers in the global shipping industry can match: zero wait time at sea for container traffic.

April 22, 2022
Government, Business, Fuel, Logistics

White House Eyes Emissions, Fuel Prices as Congress Finalizes Supply Chain Bill

The Biden administration continues to pursue initiatives meant to ease the impact of fuel prices on industries as congressional leaders finalize legislation to enhance supply chain connectivity.

April 21, 2022
Business, Fuel

Green Diesel Is Suddenly a Booming Business

Climate-friendly diesel produced from animal fats and cooking oils is suddenly a booming business as fossil-fuel giants such as Exxon Mobil Corp. and Chevron Corp. race to cut their emissions and take advantage of incentives.

April 20, 2022
Business, Logistics, TCA

Air Cargo Becoming a More Feasible Freight Alternative

Manufacturers, retailers and seafood distributors have increasingly turned to air cargo planes to transport products — a more expensive, but faster and more reliable alternative to longhaul trucks, trains and ocean vessels often bogged down by current supply chain problems.

April 14, 2022