Chevron Executive Criticizes Shift to Green Energy
Good morning! Join us as we explore the latest news, trends, and insights in the ever-evolving world of supply chain management. Nothing more this morning - other than it’s Thursday. One day closer to Friday… and this writer needs an extra large cup of coffee this morning. ☕️
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Chevron is a leading global integrated energy company operating in over 180 countries. Its activities span various sectors including oil and gas exploration, production, refining, marketing, and transportation, as well as renewable energy sources such as biofuels and solar power.
Recently, the Vice President of Chevron made a statement asserting that the United States' plan to transition to entirely green energy will take decades, as he believes that oil and gas are the primary sources to power the energy sector. Chevron's Vice President oversees different aspects of the company's operations including exploration and production, refining and chemicals, technology, marketing and commercial, and finance and administration.
Check out today's featured article from FOX Business to read about what Chevron VP Colin Parfitt told Fox News regarding his thoughts on the future of clean and green energy. Will his predictions be correct? Is the shift towards green energy likely to take decades to accomplish? Are gas and oil the only viable options to power our world?
Featured Article:
US transition to green energy will take 'decades' predicts Chevron exec: 'A role for oil and gas' | Fox Business
“Despite calls to transition to green energy, the United States will use fossil fuels for decades to come, predicted Colin Parfitt, the vice president of Midstream at Chevron.”
Safety & Rail 🚂
Norfolk Southern Establishes Fund to Assist Ohio Homeowners
Recently, Norfolk Southern made headlines for a train derailment in East Palestine, Ohio that resulted in hazardous chemicals spilling into the town's waterways. The US government, Ohio State, and affected residents have filed lawsuits against the railroad. Over 2,500 residents had to evacuate the town last February. In response, Norfolk Southern has announced a plan to establish a fund to aid residents near the train crash site. The fund aims to assist with the decreasing home value caused by the train disaster.
Norfolk Southern Corporation is a leading American transportation company operating an extensive network of railroads in the Eastern United States. The company's rail network spans 22 states, primarily in the Midwest, Northeast, and Southeast regions, covering more than 19,500 miles of track.
Labor Issues & Safety 🦺
Age and Experience Levels May Contribute to Workplace Injuries
Physical decline associated with aging can increase the likelihood of workplace injuries. For instance, older workers may experience reduced vision, hearing, or mobility which could lead to accidents. Physically demanding tasks such as heavy lifting, repetitive motions, or standing for extended periods may pose greater challenges for older or inexperienced workers, potentially resulting in injuries such as back strain, carpal tunnel syndrome, or slips and falls. A study found that workers over 60 had a 15% higher average cost per claim, even though they were injured less frequently than other age groups.
It's essential to note, however, that assumptions based on stereotypes or generalizations should be approached with caution. Workplace injuries can occur to workers of any age or experience level, and other factors such as inadequate training, poor working conditions, or employer negligence can also contribute to injuries.
Let’s Get Global 🌎
🇨🇳 Mapping China's Freight Railway System. Recently, maps have emerged that depict the vast extent of China's railway network stretching across Asia. The infrastructure is part of Beijing's Belt and Road initiative, which aims to connect China with trade partners like Russia through a complex transportation network.
🚢 JAXPORT Achieves Record-Breaking Port Traffic. The Jacksonville port authorities have set a new record for the largest containership ever to call the port. The ship, named ONE STORK, has a carrying capacity of 14,000 TEUs, which is 3,000 TEUs more than the previous largest ship called JAXPORT.
iLevel With You 🏡
More topics for the average American household to consider…
🇺🇸 US Inflation and Prices Remain at High Levels. Last month, consumer prices in the US increased even further, indicating a slow decline in inflation. Between March and April, prices surged by 0.4%, significantly higher than the previous month's 0.1% increase.
🤝 UPS and Teamsters Union Begin Contract Negotiations. The Teamsters Union represents workers in various industries, such as trucking, delivery, warehousing, construction, and public services. The union negotiates collective bargaining agreements with employers to improve wages, benefits, and working conditions for its members.
🚛 Eight Fleets Selected to Launch Electric Truck Deployments. The North American Council for Freight Efficiency (NACFE) has selected eight fleets to participate in its Run on Less-Electric event, which will monitor the electric load and charging performance of trucks. Most of the selected fleets are located in California, with the exception of Frito-Lay in New York. The outcome of this Electric Depot is eagerly anticipated, as it may have significant implications for the future of the industry.
Get Smart 🧠
Ramp up that brain power for these advanced topics…
☀️ Is Wind and Solar Energy Sufficient to Meet Our Needs? While many politicians aspire to achieve complete dependence on clean energy, the path to get there may be more challenging than anticipated. Furthermore, it has been observed that acquiring wind and solar-powered energy is more difficult compared to fossil fuels.
💰 US Supply Chain Salaries Increase by 3%. The Association for Supply Chain Management's survey revealed that salaries in the supply chain industry have increased compared to last year. The median annual income has risen to $98,570. The study also showed that individuals with less than a year of experience in the industry are making approximately $65,000, which is $5,000 higher than last year.
💸 Dollar General Establishes Distribution Hubs in Nebraska, Georgia, and Texas. Dollar General has announced its plan to expand its distribution centers into Nebraska, Georgia, and Texas, with the aim of facilitating imports and exports. The new facilities will also generate job opportunities and have a positive economic impact.
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for November 27, 2024, from iLevel Logistics Inc.