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Supply Chains in Crisis: Page 101
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.
United Airlines Staff at Heathrow to Vote on Strike Over Pay
United Airlines Holdings Inc. faces potential disruption in one of its most lucrative overseas markets as 300 workers at London’s Heathrow airport begin voting in a strike ballot over pay.
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.
Port Labor Talks Stall as Worker Disruptions Grow
The negotiations between dockworkers and employers are at a virtual standstill, with the sides locked down by local concerns and unable to move to contentious wage and automation issues.
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.
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.
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.
Can an FMC Order Break the Cargo Logjam at Ports?
The recently enacted Ocean Shipping Reform Act of 2022 gave the U.S. Federal Maritime Commission stronger oversight of how ocean carriers and marine terminals treat shippers. Now, FMC is being called on to wield some of that power.
Supply Chain Disruptions: A Wake-up Call to Re-Evaluate Supplier Contracts
Businesses today find themselves facing a wide range of economic and legal challenges, resulting in the inability of suppliers and buyers to meet contractual obligations.
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.
Electrolux to Cut Costs After Warning on Weak 3Q Earnings
Swedish home-appliance manufacturer Electrolux is undertaking steep cost cuts that will target its supply chain and production following a warning of a sharp drop in demand.
White House Pushes Railroads, Unions to Avert Crippling Strike
The White House urged labor unions and freight-rail operators to come to an agreement in contract talks, with mounting concern that a strike as soon as Sept. 16 could damage the U.S. economy and Democrats’ midterm election prospects.
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