19 Jan 2024

Port of Long Beach Revs Up for “Year of Rail” in 2024: Modernization, Sustainability in Focus

Long Beach, CA: The Port of Long Beach is chugging into the “Year of Rail” in 2024, with a focus on modernizing facilities, boosting air quality, and ultimately becoming the world’s first zero-emissions seaport. CEO Mario Cordero laid out the ambitious plan in his State of the Port Address, highlighting the Pier B On-Dock Rail […]

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09 Jan 2024

Red Sea on Fire: Houthi Attacks Threaten Global Shipping

  The Red Sea, one of the world’s busiest shipping lanes, faces unprecedented risks as Houthi rebels launch escalating attacks on commercial vessels. Houthi Motives and the Murky Web of Attacks: The Houthis, backed by Iran, claim their strikes target vessels with Israeli ties. However, experts highlight the indiscriminate nature of attacks, raising concerns about […]

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14 Nov 2023

China’s Economy Faces Continued Deflationary Pressures

  China’s consumer prices remain stagnant and factory-gate prices continue to decline, indicating persistent deflationary pressures in the world’s second-largest economy. The consumer price index (CPI) remained unchanged in September from a year earlier, falling short of the expected 0.2% gain. Core inflation, excluding food and fuel prices, held steady at 0.8%. The producer price […]

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11 Nov 2023

Belgium to Increase Container Scanning Using AI to Combat Drug Smuggling

Belgian authorities are planning to increase container scanning using artificial intelligence (AI) at its ports, focusing on shipments from high-risk areas like Latin America to combat drug smuggling. Currently, only 5% of containers entering the country’s ports are scanned, according to Belgium’s customs chief, Kristian Vanderwaeren. The measure is part of a broader effort to […]

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10 Nov 2023

Venture Capital Funding for Supply Chain Tech Startups Cools Off

  Venture capital firms are investing less in supply chain technology startups this year, as the freight market weakens, and investors become more cautious. In the first half of 2023, venture firms invested $5.7 billion in logistics companies, down from $22.7 billion in the same period last year, according to PitchBook Data. This pullback has […]

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11 Aug 2023

China Urges US to Revoke Trade Agreement with Taiwan

  China has expressed strong opposition to “official interaction of any form” between the US and Taiwan and called on Washington to revoke a bilateral trade agreement with Taipei. “The US move violates the one-China principle and the three China-US joint communiques, contravenes the US’s own commitment of maintaining only unofficial relations with Taiwan,” China’s […]

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01 Aug 2023

Third largest LTL carrier Yellow is preparing to file for bankruptcy.

    Yellow, the third-largest U.S. less-than-truckload (LTL) provider, is preparing to file for bankruptcy, according to The Wall Street Journal and other news outlets. The company has been struggling for some time with debts of $1.3 billion and declining revenues and reserves. Yellow Logistics, the company’s 3PL, is up for sale and Yellow is […]

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19 Jul 2023

Resumption of UPS Union Talks Amid Looming Strike Action

UPS and union representatives are scheduled to resume talks in the coming week as the threat of an impending strike looms, with less than two weeks remaining before the current deal with the Teamsters union expires on July 31. Express delivery company UPS is urging swift action to reach a resolution with the Teamsters union, […]

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16 Jul 2023

NRF Predicts Unprecedented Back-to-School Expenditure

The National Retail Federation (NRF) has released insights projecting unprecedented consumer spending on back-to-school and college items for the upcoming summer. According to the NRF’s annual survey conducted by Prosper Insights & Analytics, back-to-school spending is estimated to reach $41.5 billion this year, surpassing last year’s $36.9 billion and the previous record of $37.1 billion […]

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