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Global Trade & Economics: Page 224

Daimler Truck Shrugs Off Supply Chain Issues With Rising Sales

Daimler Truck Holding AG said demand for commercial vehicles will continue to outweigh supply in the second half of the year after the German manufacturer reported better-than-expected quarterly earnings.

An employee displays a 300mm silicon-carbide wafer. Photo: Bloomberg.

Truck-Driver Pay Rose 11% Amid Strong Freight Demand Last Year

A new survey shows wages for truck drivers rose at a double-digit pace last year, as companies raced to recruit workers in a market marked by tight labor conditions and high freight demand.

A trucker drives at night. Photo: Getty.

Gas Prices in the U.S. Fall Below $4 a Gallon

Gas prices in the United States fell below $4 a gallon on Thursday, retreating to their lowest level since March.

A driver holds a gasoline pump. Photo: Canva.

Apple Asks Suppliers in Taiwan to Label Products as Made in China

Apple has reportedly asked Taiwan-based suppliers to label their products as being produced in China, in an effort to avoid disruption from strict Chinese customs inspections resulting from the visit of the U.S. House speaker, Nancy Pelosi, to Taipei.

An iPhone.

Container Lines Are Set to Smash Year-Old Profit Record by 73%

The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.

A crane carries shipping containers owned by AP Moller-Maersk A/S away from a ship. Photo: Bloomberg.

Direct-to-Consumer Sales Are Fueling Supply-Chain Tech Growth

The push by consumer-goods suppliers to reach shoppers directly is opening a new market for supply-chain technology providers, says The Wall Street Journal.

A person using a smartphone.

Ukraine’s Grain Corridors Still Need Ships to Ease Food Crisis

Ukraine’s first shipments of grain since being invaded by Russia are a harbinger of relief for squeezed global markets, but many challenges remain before the millions of tons of food stuck in the country can be released.

A gantry crane loads a shipping container filled with corn for export from a grain terminal operated by Cargill Inc. Photo: Bloomberg.

U.S. Adds 528,000 Jobs in July as Market Returns to Pre-Pandemic Levels

The U.S. added 528,000 jobs in July as the jobs market returned to pre-pandemic levels, adding a total of 22 million jobs since reaching a low in April 2020.

A warehouse worker uses a digital tablet. Photo: Getty.

U.S. Bid to Cap Russian Oil Prices Draws Skepticism Over Enforcement

The Biden administration’s push to form an international buyers’ cartel to cap the price of Russian oil is facing resistance from maritime insurers that it cannot be reliably enforced.

An aerial view of oil tankers at sea. Photo: Shutterstock.

Russia Finds a New Route to Oil Market Via a Tiny Egyptian Port

Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow, via Egypt’s El Hamra oil terminal.

An oil tanker is berthed at a Russian port. Photo: Getty.

Taiwan Turmoil Prompts Detours and Delays for Global Shipping

China’s announcement of military drills around Taiwan as U.S. House Speaker Nancy Pelosi visits the island is already having ripple effects across global supply chains, prompting detours and causing delays of energy shipments.

Shipping containers stacked at the Port of Keelung in Keelung, Taiwan. Photo: Bloomberg.

Europe’s Rhine River Is on the Brink of Effectively Closing

Water levels on the Rhine River are set to fall perilously close to the point at which it would effectively close, putting the trade of huge quantities of goods at risk as the continent seeks to stave off an economic crisis.

An aerial view of barges on Europe's Rhine river. Photo: Getty.

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