Freight Visionary, Power Downstream, & Shipping Shake-Up

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Good morning!

If you thought your Monday was rough, imagine losing 755,000 barrels of oil a day—Norway’s Johan Sverdrup oilfield just shut down thanks to a power outage. Meanwhile, FedEx is trimming its network, shutting down three U.S. facilities to cut costs (because who needs convenient shipping, right?). And in the never-ending battle against freight theft and fraud, GenLogs is stepping up, tracking trucks with counterterrorism-level tech and outpacing the FMCSA in spotting carriers.

So whether you’re dodging fuel surcharges, rerouting lost shipments, or wondering where your next package will actually come from—buckle up. The supply chain never sleeps, and neither do we. Let’s dive in. 🔥

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“Every problem is a gift – without problems, we would not grow.”

— Anthony Robbins; author, coach, and speaker

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GenLogs Secures $14.6M to Expand Freight Tracking & Combat Theft

Freight theft, fraud, and inefficiencies cost this industry billions—but GenLogs is out here changing the game. They just locked in $14.6M in Series A funding, bringing their total to $21M since 2023. Their tech? Roadside sensors and cameras that track real, live freight movement, inspired by counterterrorism strategies.

📊 The Numbers Don’t Lie:
➡️ Capturing 50,000 truck images every five minutes
➡️ Identified 2x more carriers than the FMCSA
➡️ Launched a freight theft investigative service tackling an $800M problem

Now, they’re expanding into Mexico and adding port & intermodal tracking, offering a full end-to-end view of freight flows.

🔥 Hot Take: FMCSA is playing Where’s Waldo? while GenLogs is using satellite vision. If you’re still relying on outdated tracking, you’re already behind.

Read more at Freight Waves >

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Power Outage Shuts Down Europe’s Largest Oilfield

Norway’s Johan Sverdrup oilfield—which cranks out 755,000 barrels per day—just shut down due to a power failure. No restart timeline yet, and that’s bad news for fuel prices. The market was already shaky thanks to U.S.-China trade tensions, and now this outage could push fuel costs higher, hitting transportation budgets hard.

🔍 Why It Matters:

• Fuel surcharges & shipping rates could climb if this drags on

• Oil price volatility = higher diesel costs for fleets

• Another reminder that supply chain disruptions don’t just happen on land

🔥 Hot Take: If you’re not factoring fuel price swings into your logistics strategy, you’re playing defense instead of offense. Lock in those fuel contracts now before this outage hits the pump. Otherwise, brace for impact.

Read more at Reuters >

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FedEx Shutting Down Three Facilities as Part of Network Overhaul

FedEx is closing three U.S. shipping centers as part of Network 2.0, their big push to merge Express and Ground operations and cut costs. The first closure hits Lexington, KY, on March 3, impacting 122 employees. Staten Island, NY, and Erie, PA will follow in June.

🔍 What’s the Big Picture?

• Fewer but more efficient hubs—faster processing, but possible regional service gaps

• 10% cost reduction in affected areas—but what happens to delivery timelines?

• UPS is doing the same thing—closing 200 facilities in favor of automatio

🔥 Hot Take: The big players are shrinking their networks to stay lean and competitive, but will it lead to service bottlenecks? If automation doesn’t keep pace, shippers might feel the squeeze. Now’s the time to rethink carrier strategies—flexibility will be key.

Read more at Supply Chain Dive >

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