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Yellen Touts ‘Friend-Shoring’ as Global Supply Chain Fix

U.S. Treasury Secretary Janet Yellen called on “trusted” U.S. allies to strengthen trade relationships to shore up global supply chains disrupted by the pandemic, worsened by Russia’s war in Ukraine and threatened longer term by a reliance on China.

July 19, 2022

Supply Chains Inching Back to Normal, Brace for Headwinds of Softer Demand

Rock guitarist Jack White, who extended his “Supply Chain Issues Tour” into October, might want to name his band’s next road trip after a different villain. That’s because supply strains, while still afflicting many consumers and businesses, are becoming more mundane.

July 18, 2022

Biden Blocks Freight Rail Strike, Appoints Arbitrators

OMAHA, Neb. — 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, 2022

FourKites 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, 2022

Port Envoy Lyons Faces Logistics, Labor Challenges

The new federal port envoy said he is “very optimistic” about the progress being made to unkink the nation’s seaports and supply chain.

July 14, 2022

White House Won’t 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 won’t get directly involved in either bargaining process now, its supply chain envoy said.

July 13, 2022

Truckers 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, 2022

Ocean Shipping Rates Begin to Decline

Transpacific shipping costs have fallen by 53% in the past three months.

July 13, 2022

US 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, 2022

I-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