U.S. Treasury Secretary Janet Yellen called on âtrustedâ U.S. allies to strengthen trade relationships to shore up global supply chains disrupted by the pandemic, worsened by Russiaâs war in Ukraine and threatened longer term by a reliance on China.
July 19, 2022Search
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Supply Chains Inching Back to Normal, Brace for Headwinds of Softer Demand
Rock guitarist Jack White, who extended his âSupply Chain Issues Tourâ into October, might want to name his bandâs next road trip after a different villain. Thatâs because supply strains, while still afflicting many consumers and businesses, are becoming more mundane.
July 18, 2022Biden Blocks Freight Rail Strike, Appoints Arbitrators
OMAHA, Neb. â President Joe Biden on July 15 blocked a freight railroad strike that would disrupt shipments of all kinds of goods for at least 60 days by naming a board of arbitrators to intervene in the contract dispute.
July 15, 2022FourKites Reports Chinese Ports Recovery, but Elevated US Transit Times
While Chinese ports are close to recovering, transit times to the United States have remained elevated, according to supply chain visibility company FourKites.
July 14, 2022Port Envoy Lyons Faces Logistics, Labor Challenges
The new federal port envoy said he is âvery optimisticâ about the progress being made to unkink the nationâs seaports and supply chain.
July 14, 2022White House Wonât Yet Step Into Rail, Port Talks
The White House is monitoring labor talks in the logistics industry as unions representing 115,000 rail workers and 22,000 West Coast dockworkers negotiate fresh contracts, but wonât get directly involved in either bargaining process now, its supply chain envoy said.
July 13, 2022Truckers Protest AB 5 Law at Three California Ports
Truckers servicing the California port gateways of Los Angeles, Long Beach and Oakland staged protests July 13 as state-level labor rules that change their employment status begin to go into effect, creating another potential choke point in stressed U.S. supply chains.
July 13, 2022Ocean Shipping Rates Begin to Decline
Transpacific shipping costs have fallen by 53% in the past three months.
July 13, 2022US Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go Big
U.S. inflation accelerated in June by more than forecast, underscoring relentless price pressures that will keep the Federal Reserve on track for another big interest-rate hike later in July.
July 13, 2022I-81 Coalition Considers Federal Funding for Truck Parking
An Interstate 81 coalition wants to form a multistate team to apply for federal funds to improve truck parking following a recent roundtable discussion with six states about inadequate spaces along the vital eastern U.S. freight corridor.
July 12, 2022