Icebreaker Shortage Freezes Up Supply Chain on Great Lakes
CLEVELAND — More than 1.6 million tons of cargo ship carrying capacity was delayed for 28 days due to ice conditions on Lake Superior, Lake Huron, Lake Michigan and in Green Bay. A lack of Coast Guard icebreakers hampered efforts to meet the needs of commerce.
HMM to Continue Deploying More Ships as Port Congestion Persists
HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.
Critical Talks to Begin for West Coast Port and Warehouse Workers
Labor Secretary Marty Walsh, seaport officials on the West Coast, International Longshore and Warehouse Union negotiators and leaders with the Pacific Maritime Association are talking optimistically that a long-term contract with workers can be negotiated this summer.
Odyssey Realigns Business Structure With Four New Divisions
Odyssey Logistics & Technology Corp. realigned its business structure by creating four new operating divisions, the company announced May 4.
May 9, 2022Fed Hikes Rates Half-Point; Powell Signals Similar Moves Ahead
The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation.
Sen. Klobuchar Presses Passage of Shipping Bill
As supply chain woes continue to affect the commercial transportation industry, Sen. Amy Klobuchar called on colleagues to pass legislation meant to facilitate the movement of freight at the nation’s ports.
Microsoft’s, Chipmakers’ Bottom Lines Hit by Xi’s Lockdowns
Companies from Microsoft Corp. to Texas Instruments Inc. that long benefited from supply chains that run through China now are paying a price for the country’s sweeping lockdowns that have confined millions to their homes.
Montreal Port’s Pitch to Shippers: No Waiting
The head of Canada’s second-biggest port has a supply chain sales pitch few of his peers in the global shipping industry can match: zero wait time at sea for container traffic.
White House Eyes Emissions, Fuel Prices as Congress Finalizes Supply Chain Bill
The Biden administration continues to pursue initiatives meant to ease the impact of fuel prices on industries as congressional leaders finalize legislation to enhance supply chain connectivity.
Green Diesel Is Suddenly a Booming Business
Climate-friendly diesel produced from animal fats and cooking oils is suddenly a booming business as fossil-fuel giants such as Exxon Mobil Corp. and Chevron Corp. race to cut their emissions and take advantage of incentives.