UK Economy on the Rise With Strongest Growth in Nearly Three Years
The UK's economy experienced its strongest growth in almost three years, with a 0.6% expansion in the first quarter of 2024, according to the Office for National Statistics.
New Panamanian President-Elect Plans to Boost Canal Resilience and Tourism
Panama's incoming president, Jose Raul Mulino, intends to tackle the challenges facing the Panama Canal, which is grappling with an unprecedented drought.
U.S. Warns of Economic Impact if Taiwan Chip Production Is Disrupted
Commerce Secretary Gina Raimondo emphasized that a potential Chinese invasion of Taiwan and the takeover of chip manufacturer TSMC would be catastrophic for the U.S. economy.
South Korea Welcomes U.S. Extension on EV Tax Credits
South Korea has welcomed the U.S. decision to extend electric vehicle tax credits for cars containing Chinese graphite until 2026.
Navigating Geopolitical Challenges in Global Supply Chain Management
In a recent column in Supply Chain Management Review, a story surfaced about how a LAN transformer led to thousands of Audi, Bentley, and Porsche vehicles being stuck at U.S. ports, potentially breaching the U.S. Uyghur Forced Labor Prevention Act.
U.S. Moves to Ban Russian Uranium Imports
In a bid to further pressure Russia over its war in Ukraine, the U.S. Senate has unanimously passed a bill to prohibit Russian uranium imports.
Baltimore Files Legal Claims Against Cargo Ship Owners for Bridge Collapse
The City of Baltimore is holding the owner and manager of the cargo ship responsible for the tragic collapse of the Francis Scott Key Bridge last month.
Biden Proposes Tripling Tariffs on Chinese Steel and Aluminum Imports
President Joe Biden is advocating for a significant increase in tariffs on Chinese steel and aluminum imports, proposing to triple the current rates.
March Performance Reflects Continued Challenges for Freight Industry
In March, the freight sector didn't quite hit the usual spring upswing, with the Cass Freight Index reporting that both shipments and expenditures mostly mirrored February's figures, falling short of typical seasonal patterns.
Panama Canal Is On the Road to Recovery After Dry Season
After a challenging six months marked by the driest October in 73 years, the Panama Canal is finally seeing a turnaround.
The Fallout from Baltimore's Key Bridge Collapse Leaves Implications for Dockworkers
Last month, a major incident occurred when Baltimore's Key Bridge, a crucial artery for transit and shipping, was struck by a cargo ship and collapsed.
TSMC's Strategic Expansion into the U.S. Market
Taiwan Semiconductor Manufacturing Company (TSMC) is making a significant move by bringing its most advanced technology to America, aligning with U.S. President Joe Biden’s goals for a secure tech supply chain.
The Big Shift in U.S. Imports: More Containers, Higher Prices
Here’s a quick rundown on the latest U.S. import scene: Inflation’s not the only thing on the rise – we’re seeing a significant increase in imports from China, especially after their factories reopened post-Lunar New Year.
China and Russia Strengthen Supply Chain Ties Amid U.S. Warnings
China and Russia recently committed to maintaining stability in their industrial supply chains.
Progress in Baltimore Bridge Collapse Cleanup
The Unified Command, a coalition involving the U.S. Coast Guard, U.S. Army Corps of Engineers, and other key agencies, has started a crucial phase in the aftermath of the Baltimore bridge collapse.
Yellen's Firm Stance on China's Industrial Capacity
U.S. Treasury Secretary Janet Yellen recently wrapped up a series of meetings in China, where she firmly addressed the issue of Chinese overproduction and its impact on global markets.
Taiwan Earthquake Shakes Up Semiconductor Supply Chain
A massive 7.2-magnitude earthquake rocked Taiwan's eastern coast last Wednesday, causing not only tragic loss of life but also significant ripples in the semiconductor industry.
New Orleans Braces for an Intense Hurricane Season
It looks like New Orleans and its surrounding areas might be in for a pretty intense hurricane season.
Taiwan Earthquake Shakes Up Semiconductor Industry
Taiwan's biggest quake since 1999 could jolt the semiconductor supply chain across Asia.
Baltimore Bridge Collapse Has Quick Updates
In Baltimore, officials have quickly established a temporary shipping route around the Francis Scott Key Bridge collapse site to resume port operations.