🚢🍅🚛 ONE Big Splash, Salsa Glass-act, & Trucking for Trump
Good morning! ☀️
Today’s logistics scoop is a spicy one (literally and financially!). Ocean Network Express (ONE) just made waves with their Q2 report: a revenue splash of $5.9 billion—up 65% from last year—and a jaw-dropping 1000% leap in net profit. Big gains like these aren’t just numbers; they’re setting the pace for the industry.
Meanwhile, things are a bit too crunchy for Glaser Farm Foods, recalling its raw vegan salsa after glass fragments were found. And in election news, the trucking industry is leaning hard toward Trump, with many voicing concerns over how a Harris administration might shake up the roads.
Hold on to your coffee—today’s dash has lots in store!
“Intelligence is the ability to adapt to change.”
Strong Q2 for Ocean Network Express, but Challenges Remain
Ocean Network Express (ONE) just posted some eye-catching numbers for Q2 FY2024: a massive $5.9 billion in revenue (that’s a 65% bump from last year!) and an impressive 1000% leap in net profit, hitting $2 billion. Driving this surge? High demand on Asia-U.S. and Asia-Europe routes, with early shipments to dodge potential supply chain issues.
But it’s not all smooth sailing—ONE’s also tackling rerouting challenges due to geopolitical issues (Houthi attacks) and a softening supply-demand balance. Looking ahead, they’ve raised their full-year profit forecast to $3.1 billion but are keeping a close eye on the U.S. elections and East Coast labor situations.
💡 Why This Matters: ONE’s results highlight trends we can’t ignore—spiking Asia-U.S. demand, early peak shipments, and rising ocean traffic that could create bottlenecks across trucking, rail, and warehousing.
🔥 Hot Take: ONE’s raking it in, but with all this rerouting, smooth sailing is still a way off!
Glass Fragments Prompt Recall of Glaser Farm Foods Salsa
Miami’s Glaser Farm Foods just issued a recall on its All Raw Vegan Certified Organic Salsa after finding possible glass fragments in certain containers. The FDA labeled this a Class II recall, meaning the health risk is low but could still cause temporary issues. Affected items are limited to 8-ounce containers with UPC 832910 001514 and lot code 0110092451, distributed only in Florida.
This recall isn’t isolated—similar recalls are popping up more often due to contamination risks (like metal in chicken or plastic in potato salad). As Traceone highlights, foreign object recalls make up 11.6% of all food recalls, with numbers on the rise.
💡 Why It Matters: Recalls ripple across the supply chain, adding pressure on transport and logistics teams to manage quick pullbacks and replacements.
🔥 Hot Take: Foreign objects in food are spicing up the logistics game—handling a recall is now as much about speed as safety!
Truckers Lean Toward Trump as Election Nears
With the election just days away, many truckers are showing strong support for Trump over Harris, citing concerns about potential impacts on the industry. Mike Kucharski, co-owner of JKC Trucking, highlights five major issues: high costs, growing regulations, infrastructure needs, EV truck limitations, and reduced cargo capacity from batteries. Rising diesel prices and regulatory pressures are already tough on the industry, and Kucharski fears Biden-Harris’ push toward EVs could make it even harder, especially for smaller trucking companies.
While Harris doesn’t directly back an EV mandate, the EPA is aiming for major electric truck adoption by 2032. Meanwhile, Trump’s energy policies and industry support resonate with truckers looking for fewer regulations and more energy independence.
💡 Why It Matters: This election could be a real game-changer for trucking—shaping everything from cost structures to regulatory pressures.
🔥 Hot Take: Truckers are revved up for policies that keep their wheels turning. Whether it’s fewer regulations or EV mandates, this race could set the course for years ahead!
Daily Riddle:
I’m the rulebook you didn’t choose,
Guidelines you must never refuse.
I shape the path that industries take,
Adding limits for safety’s sake.
What am I?
______
Previous Riddle Answer: Emissions
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for November 4, 2024, from iLevel Logistics Inc.