Republicans Seek Answers from Buttigieg on Aviation and Rail Safety Concerns
Republicans on the House Committee on Oversight and Accountability are seeking information from Transportation Secretary Pete Buttigieg regarding aviation and rail safety issues.
Canada Takes a Stand Against Forced Labor with New Supply Chain Ethics Act
On May 11, 2023, Canada passed the Fighting Against Forced Labor and Child Labor in Supply Chains Act, which requires Canadian businesses to demonstrate due diligence in minimizing the risks of forced and child labor in their supply chains.
Shippers Seek Long-Term, Low-Rate Air Freight Contracts as Capacity Grows
As air cargo demand stabilizes and capacity increases, shippers are now in a better position to negotiate air freight rates, with a focus on securing low-rate levels for longer periods.
Drought at Panama Canal Sparks Concerns Over Global Supply Chain Disruptions
Panama is experiencing one of its driest rainy seasons on record, leading to lower water levels at the Panama Canal and restrictions on vessel weights and daily traffic.
Chinese Electric Carmakers Forge Ahead Abroad, Triggering a Showdown with U.S. and European Auto Titans
Chinese electric car manufacturers are making a significant push into the European market, using platforms like the International Motor Show (IAA) in Munich, Germany, to showcase their presence and challenge established players like BMW and Ford in the realm of battery-powered vehicles.
Panama Canal's Prolonged Low Water Delays Could Impact U.S. Gulf and East Coast Ports for Up to 10 Months
The Panama Canal is grappling with the ramifications of a prolonged drought, resulting in low water levels and substantial vessel traffic congestion, which may persist for up to ten months, as reported by Athens-based shipbroker Intermodal.
Norfolk Southern Anticipates Weeks for Train Backlog Recovery
Norfolk Southern, an Atlanta-based railroad, is facing a significant backlog of trains following a recent service outage.
U.S. Announces $12 Billion Fund for Advanced Vehicles and Suppliers
The U.S. Energy Secretary Jennifer Granholm revealed plans for the Biden Administration to allocate $12 billion in loans and grants to automakers and suppliers, aimed at facilitating the transformation of their facilities to produce electric vehicles (EVs) and other advanced vehicle technologies.
Fashion Execs Anticipate Further Sourcing Reductions from China in 2023
According to the U.S. Fashion Industry Association's latest industry survey, nearly 80% of fashion executives intend to decrease their sourcing from China over the next two years.
Drought-hit Panama Canal Lets More Unbooked Ships Pass in Bid to Ease Queue
The Panama Canal, grappling with drought conditions, has implemented a temporary measure to limit the number of new reserved passage slots in an effort to alleviate a bottleneck of ships waiting to transit without reservations.
Geopolitical Tensions Prompt 35% of Importers to Reevaluate Supply Chains
A recent survey by the Institute of Directors (IoD) reveals that over a third of U.K. importers (35%) have been impacted by escalating geopolitical tensions, primarily related to China, prompting them to reassess their supply chains.
Navy League Proposes Jones Act and Marine Highways for Enhanced Marine Highway and Military Sealift
The Navy League of the United States has proposed a significant investment in building dual-use ships that can transport both commercial and military cargo.
China Surpasses Japan as Largest Auto Exporter, Fueled by Electric Vehicle Growth
China has surpassed Japan as the largest auto exporter during the first half of the year, exporting 2.34 million vehicles compared to Japan's 2.02 million, marking the first time this has occurred at the half-year mark.
Report Reveals Tesla Depends on China for 39% of Battery Supply Chain
A recent analysis conducted by Nikkei Asia and Tokyo’s Fronteo has revealed that nearly 40% of the suppliers for materials used in Tesla's batteries are Chinese companies.
Strengthening Ties: US and Taiwan Forge Semiconductor Supply Chain Partnership
In a conversation with Lotta Danielsson, Vice President of the U.S.-Taiwan Business Council and editor of the report "U.S., Taiwan, and Semiconductors: A Critical Supply Chain Partnership," Taiwan's significant role in the semiconductor supply chain is discussed.
Postal Service Slashes Air Cargo by 90% in 2-Year Cost-Cutting Drive
The U.S. Postal Service has drastically decreased its air cargo shipments by 90% over a two-year period, leading to an estimated $1 billion in annual transportation cost savings, according to U.S. Postmaster General Louis DeJoy.
Shippers Expected to Gain Advantage in Winter Air Cargo Contract Negotiations
As winter approaches, shippers are expected to have the advantage in air freight rate negotiations due to declining demand and spot rates in the air cargo industry.
Post-Pandemic Organized Crime & Cargo Theft Surges Amidst Concerns for Supply Chain Security
As the nation emerged from the pandemic, smash-and-grab robberies drew attention in California, targeting high-end stores.
Florida Governor Signs Controversial Bill on Phosphogypsum in Road Construction
Florida Governor Ron DeSantis signed a bill allowing the study of phosphogypsum in road construction, overturning a federal prohibition under the Trump administration but reinstated by Biden's EPA.
Life on the Road: A Trucker's Journey in Brazil
A recent visit to Ceagesp Market in Sao Paulo, Brazil, provided a unique cultural experience for an American traveler.