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, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Yellen Touts ‘Friend-Shoring’ as Global Supply Chain Fix
UPS Expands Cargo Services in India to Seize Airfreight Boom
UPS Inc. opened a second airport cargo-handling facility in India to capture soaring pandemic-driven demand for airfreight.
J.B. Hunt Launches Southern California Transload Service
J.B. Hunt Transport Services Inc. will open its first transload service facility on the West Coast, the company announced July 13.
July 18, 2022Trucking Faces Pressure to Prepare for Holidays Early
Supply chain pressures are forcing trucking to get an early start to the holiday shipping season despite a shift of underlying conditions within the industry.
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.
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.
KLLM Transport Services Acquires Quest Global
Temperature-controlled truckload carrier KLLM Transport Services has acquired refrigerated transporter Quest Global Inc., the companies announced July 14.
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.
Railroad Workers Being ‘Ground to Dust,’ AFL-CIO Head Says
Efforts by national freight rail carriers to increase efficiency are having the opposite effect, a union official said July 12. Demoralized workers are leaving the industry, causing delays and damage to the national supply chain, said Greg Regan, president of the Transportation Trades Department of the AFL-CIO.
Amazon Prime Day Pushed Web Sales Up 8.5% to $11.9 Billion
Online spending in the U.S. rose 8.5% to $11.9 billion during Amazon.com Inc.’s two-day Prime Day promotion, according to Adobe Inc., helping boost traffic on competing sites such as Walmart.com and Target.com that held their own sales.