Rising Labor Costs and Declining Cargo Squeeze US Rail Profits
US railroad companies, including Union Pacific Corp., CSX Corp., and Norfolk Southern Corp., are facing a squeeze on operating profits due to higher labor costs and weaker sales amid an ongoing freight recession.
$1B in Seized Shipments Exposes Supply Chain Visibility Issues in China
The U.S. Customs and Border Protection (CBP) has implemented the Uyghur Forced Labor Prevention Act (UFLPA), restricting imports of products made in China's Xinjiang Uyghur Autonomous Region if produced using forced labor.
Connecticut Drives Towards a Greener Future with Zero-Emissions Car Plan Set for 2035
Connecticut's commitment to becoming zero emission by 2035 stems from a growing recognition of the urgent need to address climate change and its adverse effects on the environment and public health.
Rail Freight from Canada to U.S. Witnesses Ongoing Decline Following Ports Strike
Rail freight from Canada to the U.S. has experienced a continuous decline, with a 12% decrease reported last week, according to the Association of American Railroads.
Strike Averted, but UPS Customers May Face Higher Shipping Rates After Teamsters Deal
The Teamsters and UPS have reached a tentative labor agreement, averting a potential strike that could have disrupted the supply chain.
Bipartisan Senate Bill Seeks to Strengthen Drug Supply Chain Through U.S. Manufacturing Prioritization
A bipartisan group of senators has introduced a bill aimed at strengthening the pharmaceutical supply chain by increasing drug manufacturing in the U.S. and allied countries.
Congress Urged to Regulate Self-Driving Vehicles for Safety and Uniform Standards
Advocates for the self-driving vehicle industry have urged Congress to take action and regulate autonomous cars and trucks.
Google-backed Waymo Via is temporarily scaling back its efforts in the autonomous trucking industry
Alphabet Inc.'s Waymo, the autonomous driving company backed by Google, has decided to shift its focus to its ride-hailing service and delay the expansion of Waymo Via, its autonomous commercial trucking arm.
Syphilis Emergency Looms in the U.S. as Drugs Run Low
A severe shortage of penicillin, the recommended treatment for syphilis, has U.S. health officials considering a public health emergency declaration.
Biden's $250 Billion Initiative includes Cleaning Up the Dirty Legacy of Fossil Fuels
The International Energy Agency predicts that solar investments will reach a staggering one billion dollars per day in 2023, surpassing global investment in oil production for the first time in history.
California Nears Ban on Driverless Trucks Amid Regulatory Concerns
The California Senate Transportation Committee approved Assembly Bill 316, aiming to ban driverless trucks in the state, even for testing purposes.
Pentagon Initiates Search for Chip-Mineral Gallium as China Restricts Export Access
The Pentagon plans to issue its first contract to U.S. or Canadian companies by the end of 2023 to recover gallium, a crucial mineral used in semiconductors and military radar systems after China restricted its exports.
Jim Vena Takes Over as CEO of Union Pacific, Replacing Lance Fritz
Union Pacific, the second-largest freight railroad company in the U.S., has announced a change in its leadership.
Fire Continues to Blaze on Car-Carrying Cargo Ship Near Dutch Bird Sanctuary
A cargo ship carrying cars remains ablaze near a Dutch bird habitat, and firefighters and salvage crews are waiting for the flames to subside before attempting to board the vessel.
Chocolate Maker Surpasses Cost Savings Targets with Inventory Reduction Success
Rocky Mountain Chocolate Factory is ahead of its cost-savings schedule, successfully reducing expenses through improved inventory management and demand planning.
Porsche's EV Sales Target at Risk Due to Supply Chain Challenges
Porsche AG is facing supply chain challenges that are impacting battery-electric vehicle (BEV) production, particularly due to difficulties in securing special parts like high-voltage heaters.
Federal Reserve Set to Raise Interest Rates to 22-Year High Following June Pause
The Federal Reserve is expected to raise interest rates by a quarter-percentage point, resuming its efforts to combat inflation after a brief pause in June.
One Dead in the North Sea as Massive Fire Engulfs Car Carrier
One person has died, and several others have been injured in a major fire that broke out on a car carrier in the North Sea off the Netherlands.
GM Points to Supplier for Slow EV Production, Confirms Future for Chevy Bolt EV
General Motors CEO Mary Barra attributed the slow ramp-up of the company's new electric vehicles to a supplier of automation equipment.
India Poised to Emerge as a Key Beneficiary in Supply Chain Shift from China
India and the U.S. are collaborating on supply chains, with both nations recognizing the benefits of diversifying and strengthening them.