Wheat Prices Surge as Russia Attacks Ukraine's Grain Supplies
Wheat prices experienced a significant increase following Russia's actions targeting Ukraine's grain export infrastructure.
Unveiling the Overlooked Impact of Natural Disasters on the U.S. Food and Agriculture Sector
The U.S. food and agriculture sector faces ongoing challenges from the pandemic, rising costs, and labor shortages.
Technology Can Be Leveraged to Optimize Efficiency and Combat Inflation in the Freight Industry
The freight industry is grappling with inflationary pressures, including labor cost increases and reduced consumer spending
Insights from Foley & Lardner's Annual White Paper on Industry Challenges and Adaptation
According to the annual "Manufacturing White Paper" by Foley & Lardner LLP, the manufacturing industry is facing significant shifts and challenges in various areas.
U.S. and EU Collaborate to Reduce Asia's Dominance in the Global Semiconductor Market
The U.S. and EU are taking steps to lessen Asia's stronghold on the global semiconductor market. With the shift of semiconductor manufacturing operations to major Asian countries, the U.S. and Europe have faced challenges in maintaining competitiveness.
The Expiration of the Black Sea Grain Deal
The expiration of the Black Sea grain deal, which allowed Ukraine to export grain via the Black Sea, is a significant development with implications for global food prices and the World Food Programme (WFP).
America's Most Crucial Waterway Faces Drying Out Crisis
Drought conditions in the Midwest and lower-than-normal rainfall in parts of the eastern U.S. is causing water levels to drop on the Mississippi and Ohio rivers for the second consecutive year.
Canadian West Coast Ports Strike Ends, but Supply Chain Recovery Expected to Take Weeks
The 13-day labor strike at the West Coast ports in Canada has ended, as Canada’s Labor Minister and Transport Minister on Twitter announced.
Impending Expiration of Ukraine Grain Deal
The United Nations-brokered Black Sea Grain Initiative, which has facilitated the safe export of 32 million metric tons of food from Ukraine, is set to expire on July 18.
Labor Agreement Resolves Disruption at Vancouver and Prince Rupert Ports
After 13 days of closure, the container shipping ports of Vancouver and Prince Rupert in British Columbia, Canada, are set to reopen soon following the resolution of a labor dispute.
Los Angeles Port Reports 70% Surge in June Cargo
The Port of Los Angeles experienced its fourth consecutive month of rising cargo volumes in June, reaching the highest level since July 2022.
Suez Canal Pilots' Role in Grounding
Ever Given's grounding in the Suez Canal in March 2021 brought the maritime shipping industry to a standstill, impacting global trade.
Canadian West Coast Ports Strike Disrupts U.S. Freight Rail Cargo, Triggering Supply Chain Concerns
The ongoing strike at Canadian West Coast ports is causing a significant impact on freight rail cargo entering the United States, according to weekly rail trade data from the Association of American Railroads (AAR).
Freight Market Shows Signs of Bottoming Out, But Challenges Remain
The latest Cass Freight Index data suggests that the U.S. freight market may be nearing a bottom, with signs of a new cycle emerging.
Mexico Surpasses China as Top US Trading Partner in Shift of Global Dynamics
Mexico has replaced China as the United States' primary trading partner, marking a significant change in the global economy.
China's Trade Faces Pressure as Exports Decline Amid Weak Global Demand
China's trade outlook is dim as exports experienced a significant drop for the second consecutive month, falling 12.4% in June compared to the previous year.
Blank Sailings at Lowest Point Since Pandemic, Signaling Normalization in Container Shipping
The number of blank sailings in the global container shipping market has reached its lowest point since the pandemic began, indicating a path toward normalization, according to Sea-Intelligence.
Sennder and Poste Italiane Renew $2.5 Billion Joint Venture
Sennder, the German digital freight forwarder, has announced the renewal of its joint venture with Poste Italiane, Italy's postal operator.
Forced Labor Allegations Prompt Investigation of Nike and Dynasty Gold
Canadian ethics watchdog, the Canadian Ombudsperson for Responsible Enterprise (CORE), has initiated investigations into Nike Canada and Dynasty Gold following allegations of their involvement or benefit from Uyghur forced labor in their Chinese operations.
How Nearshoring is Transforming the LTL Industry
Nearshoring, the practice of moving manufacturing operations closer to North America, is unlocking growth opportunities in the less-than-truckload (LTL) freight transportation industry.