Freight Forwarding Industry Faces Hurdles in the Second Half of 2023
Supply chain professionals are expressing concerns about three main challenges in the second half of 2023: the possibility of a U.S. recession, geopolitical risks, and rising operating costs.
Mapping China's Freight Railway System
Recently, maps have emerged that depict the vast extent of China's railway network stretching across Asia.
JAXPORT Achieves Record-Breaking Port Traffic
The Jacksonville port authorities have set a new record for the largest containership ever to call the port.
Gallup poll reveals Americans don't trust Biden or Powell
A new Gallup poll has shown that Americans lack confidence in President Biden, Federal Reserve Chair Jerome Powell, and Treasury Secretary Janet Yellen when it comes to the economy.
Reshoring of Production from Asia to North America Accelerates, Report Finds
According to Kearney’s 2022 Reshoring Index, 96% of US CEOs are reshoring, already reshored, or considering it.
Hub Group partners with CN to speed up intermodal and shipping
Hub Group sees potential for growth with its rail partner Union Pacific and the carrier’s new alliance with CN and Ferromex, creating a new cross-border service from Canada to Mexico via Chicago.
Examining potential outcomes: How will the US debt limit standoff conclude?
The US is facing a looming debt limit deadline, and both President Biden and House Speaker McCarthy are unwilling to give ground ahead of talks scheduled yesterday.
Yellen Warns of Limited Choices if Congress Fails to Address Debt
Treasury Secretary Janet Yellen has warned that there are "no good options" for the US to avoid an economic "calamity" if Congress fails to raise the nation's borrowing limit of $31.381tn in the coming weeks.
FAA Warns House GOP Spending Cuts Could Have Devastating Impact on U.S. Air System
Proposed cuts to the Federal Aviation Administration (FAA) by House Republicans would result in a significant exacerbation of an existing shortage of air-traffic controllers, leading to furloughs, the halting of hiring and training, and the cessation of work on air-traffic computer systems, warns FAA Acting Administrator Billy Nolen.
Challenges Remain for India's Aspiration to Become the Next China
The COVID-19 pandemic led many companies to reevaluate their supply chains, which relied heavily on China, and look for alternatives such as India, which offers low-cost production.
California Loses Dominance in Ports as Cargo Shifts to the East
California's $2.8tn freight industry is facing a threat as Southern California's ports are losing their dominance due to the pandemic's cargo crush pushing the ports close to breaking point.
Record Low Supply Chain Index Reached in April
The Supply Chain Index is a metric developed by Supply Chain Insights, a research and advisory firm, to evaluate the performance of supply chains across various industries.
Supply Chain Challenges to Benefit India, Experts Say
According to a survey conducted by the World Economic Forum, over 70% of economists believe that India will benefit from the global economic turbulence.
Data Indicates Oil is En Route to China
Shipping data reveals that around 125 supertankers, each capable of carrying 250 million barrels, were en route to China by the end of last month, surpassing the country's oil import levels from the last two years.
Cross-Border E-commerce Thrives Despite Concerns Over Trade Growth
The 2023-2024 report on cross-border commerce reveals that cross-border e-commerce is becoming increasingly diverse and globalized.
Lawmakers Express Concerns Over SHEIN's Supply Chain
A group of lawmakers has urged the Securities and Exchange Commission (SEC) to delay the initial public offering of Chinese fast-fashion retailer, SHEIN, until it can be verified that the company does not use forced labor from the Muslim population in China.
Sea Freight Rates from Asia to the US Rise as Companies Look to Regain Profits
Shipping companies are increasing their rates to ship containers from Asia to the US as they attempt to offset a fall in rates ahead of the importing season.
Mexico lures more logistics investment from the US with nearshoring trend
U.S. logistics companies Redwood Logistics and BlueGrace Logistics are expanding operations in Mexico as the trend of nearshoring to the country gains momentum.
Volvo plans to triple its electric vehicle dealership locations in one year
Volvo Trucks has expanded its number of certified electric vehicle (EV) dealerships in North America three-fold over the past year, and dozens more are in the process of gaining certification, as Volvo Trucks aims to increase its support ecosystem for the deployment of battery-electric trucks and equipment at scale.
US chip companies see China as a valuable market despite potential risks
The Semiconductor Industry Association, a major US industry group, wants clear rules from the Biden administration regarding investment restrictions for chip companies in China.