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Global Trade & Economics: Page 225

Chinese Cargo-Data Network Poses Growing Risks, U.S. Analysis Says
A congressional advisory body is urging legislators to strengthen U.S. defenses against China’s growing control of digital information related to global shipping and cargo, warning it could undermine national security and businesses.
Photo: iStock/com
Record Shipping Costs Add to Auto Industry’s Supply Chain Woes
Earnings for freighters that move autos and industrial machines across the globe have surged to about $80,000 a day, the highest in data since at least 2000.
Photo: Bloomberg
The African Supply Chain and Its New Trade Agreement
A new trade agreement can be Africa’s game-changer if stakeholders don’t miss the vital piece in the puzzle: the need for an efficient supply chain.
The Port of Casblanca, Morocco,at dawn. Photo: iStock.com/Sean Pavone
A World of Hurt — Updated CSCMP State of Logistics Report
The report is produced annually for the Council of Supply Chain Management Professionals (CSCMP) by global consulting firm Kearney.
A view of the exhibit hall at CSCMP EDGE 2022. Photo: Helen Atkinson
Ford Stock Drops After Inflation Warning Adds to Gloomy Economic Commentary
The company said inflation is pushing supplier costs $1 billion higher than expected in the current quarter, joining the chorus of major corporations warning about challenges rippling through the economy.
Photo: Bloomberg
FedEx Stock Tumbles After Warning on Economic Trends
The delivery giant’s shares fell on Sept. 16 in the biggest one-day percentage drop since FedEx went public in 1978.
A close-up view of two FedEx Corp. parcels. Photo: Shutterstock.
FedEx CEO Says He Expects the Economy to Enter a "Worldwide Recession"
The CEO’s pessimism came after FedEx missed estimates on revenue and earnings in its first quarter. The company also withdrew its full year guidance.
Packages are unloaded from a FedEx Corp. truck in New York City. Photo: Shutterstock.
Granholm’s Call to Build U.S. Fuel Stockpiles Is a Losing Proposition
Diesel futures in New York are trading in the widest backwardation for this time of year in data going back to 2008, meaning the product in storage is losing value each day.
US Energy Secretary Jennifer Granholm Photo: Bloomberg
California Sues Amazon, Alleging Antitrust Violations, Inflated Prices and Stifled Competition
California is suing the e-commerce giant over practices the state says inflate prices, stifle competition and violate antitrust laws.
The Amazon Shopping app is displayed on a smartphone. Photo: Sagar Soneji/ Pexels.
U.S. Steel Says Accelerating Headwinds Eroding Metal Demand
The Pittsburgh-based producer said demand has dropped across most of its markets amid persistent supply-chain problems and higher costs for raw materials and energy in Europe.
Photo: Bloomberg
U.S. Manufacturing Output Increases for a Second Straight Month
U.S. factory production rose slightly in August as resilient business investment more than offset a pullback in the output of consumer goods, consistent with steady manufacturing activity.
Photo: Bloomberg
Biden Signs Order to Boost Bio-Manufacturing, Compete with China
President Joe Biden signed an executive order laying out a strategy to bolster domestic bio-manufacturing and reduce reliance on China for new medicines, chemicals and other products.
Photo: Bloomberg
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