The Biden administration announced several new actions Feb. 24 intended to ease supply chain disruptions that have plagued the economy during the coronavirus pandemic.
February 24, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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US Presents ‘Buy American’ Plan to Ease Supply Chain Squeeze
Ports to Get $450 Million to Speed Flow of Goods
As cargo volumes continued to surge at the nation’s ports in January, the Biden administration on Feb. 23 announced plans to make $450 million available in new grant funding as part of the Department of Transportation’s Port Infrastructure Development Program.
Houston’s Port Sees New High in Ship Count
The number of containerships waiting at the ports of Houston and Charleston, S.C., reached new pandemic highs as importers looking to avoid bottlenecks on the West Coast encounter growing congestion in alternative gateways.
UPS Loses Compensation Bid in EU
UPS Inc. lost a court fight for about $2 billion in compensation over the European Commission’s 2013 botched veto of its takeover bid for TNT Express.
Fire Subsides on Cargo Ship Carrying Volkswagen EVs
LISBON, Portugal — A fire aboard a ship carrying cars in the Mid-Atlantic is dying out, a Portuguese navy officer said Feb. 22, and the huge vessel is expected to be towed to the Bahamas.
Truck Tonnage Extends Streak of Gains in January
Truck tonnage in January rose 1.2% when measured against year-ago levels, marking the fifth consecutive month for a year-over-year increase, American Trucking Associations said.
Soaring Diesel, Gas Prices Bleed Into Shipping
The shipping industry is starting to feel the full force of surging diesel and gasoline costs.
GXO Plans to Buy Clipper for About $1.3 Billion
GXO Logistics has reached agreement with Clipper Logistics on the key terms of a possible acquisition, both company boards announced Feb. 20.
Narrow Window to Clear Clogged L.A. Ports Hinges on Demand Waning
The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before another import surge and union contract talks threaten to stall progress moving record volumes of cargo through the busiest U.S. gateway for trade.
Truckload Sector Sees Continued Strength in Q4
The truckload sector continued to experience a strong pricing environment during the fourth quarter amid marginal fleet growth.