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Global Trade & Economics: Page 242

Shippers Are Investing in Tech, Nearshoring to Bounce Back From Covid

Stuck in a loop of fluctuating demand, capacity problems and ongoing disruptions, shippers and third-party logistics providers say they’re investing in technology that connects people, processes and information to navigate supply chain challenges, according to a new study.

An LNG-powered container ship operated by CMA CGM SA is docked at the Port of Singapore. Photo: Bloomberg.

Debate on Vaccine Supply Will Dominate This Week's UN Summit

The U.S. plan for boosters will steer tens of millions of doses into the arms of many U.S. adults starting as soon as Friday. That’s angered nations where many people are still struggling to obtain a first shot.

U.S. President Joe Biden delivers an address to the nation. Photo: Bloomberg.

West Coast Logjam Has Enough Containers to Cross Half the U.S.

The number of container ships waiting to enter the biggest U.S. gateway for trade with Asia reached an all-time high of 65 vessels late last week, carrying potential payloads of cargo boxes that would stretch halfway across the country if lined up end to end.

Shipping containers are stacked at the Port of Los Angeles. Photo: Bloomberg.

Shipping Insiders Caution Against New Capacity as Prices Surge

Shipowners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have driven up prices, according to industry insiders.

Shipping containers on a cargo ship at Bayonne Terminal in Bayonne, New Jersey. Photo: Bloomberg.

U.K. Delays Brexit Border Checks on EU Food as Shortages Hit

The U.K. delayed new post-Brexit border checks on food from the European Union to mitigate a supply chain crisis in a move that was immediately criticized as handing the bloc’s producers a competitive advantage.

0401 Brexit

Canadian Pacific Wins Buyout War for K.C. Southern, Defeating CN

After months of twists and turns, Canadian Pacific Railway Ltd. sealed a $27 billion deal to acquire Kansas City Southern, claiming a prize that will create the first railroad spanning the U.S., Canada and Mexico.

A Canadian Pacific Railway train leaves Hardisty, Alberta, Canada. Photo: Bloomberg.

Economies on the Brink Push Southeast Asia to Reopen

Even as they struggle with one of the world’s worst COVID-19 outbreaks, nations across Southeast Asia are slowly realizing that they can no longer afford the economy-crippling restrictions needed to squash it.

0310 The Global Supply Chain

Here’s Why U.S. Oil Supplies Took Such Big Hit From Ida

The damage to offshore platforms and pipelines was so severe that two out of every three barrels of crude normally pumped from the U.S. sector of the Gulf of Mexico are unavailable.

Photo: Bloomberg.

Storms From Texas to China Set to Worsen Global Ship Snarls

Global supply chains already tangled by the pandemic, labor shortages and sustained consumer demand in the U.S. are getting walloped by Mother Nature.

Photo: Bloomberg

The World’s Carriers Are Earning the Most Money Since 2008

The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of COVID-19 drives freight prices ever higher.

A dockworker monitors a shipping container being loaded onto a freight train at Behala inland port in Berlin, Germany. Photo: Bloomberg.

Shanghai Halts Some Port Operations and Flights on Typhoon

Shanghai has halted some container port operations and will cancel most flights Monday and Tuesday as Typhoon Chanthu approaches the city, which is China’s financial capital and a major shipping hub.

Photo: Bloomberg

Watch: The Driving Forces Behind Global Trade — Current and Future

Marc Gilbert, managing director of the Industrial Goods and Consumer Practices of Boston Consulting Group, reveals the findings of the firm’s latest report on global trade growth, and discusses the factors that will shape the future of trade.

The Driving Forces Behind Global Trade: Current and Future

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Recycled Tagging Fasteners: Small Changes Make a Big Impact

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Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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