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Think Tank
Quality & Metrics: Page 72
UPS Strike Could Be the Costliest in U.S. History, Study Finds
A 10-day strike of 340,000 workers would reportedly result in over $1.1 billion in lost direct wages and more than $7 billion in total economic losses.
New Dematic Service Aims to Reduce Noise at Supply Chain Facilities
The new service includes before-and-after 3D noise mapping audits that can help businesses reduce noise in their facilities by up to 15 decibels.
Port of LA Cargo Volumes Hit a 12-Month High in June
The volumes for June 2023 were just 5% lower than the port's all-time monthly cargo handling record, which was set in June 2022.
Boeing Struggling to Keep Pace with Airbus Through 2023 Despite June Deliveries
As of July 11, Boeing has reportedly delivered 266 aircraft to consumers, which is less than the delivery output recorded by Airbus through 2023.
PensionDanmark to Fund $1bn Green Investment at Port of Esbjerg
More than $855 million of the investment will go toward constructing offshore wind turbine production facilities, which will be completed by 2027.
United States Postal Service Launches New Shipping Offering
Through the new offering, companies will be able to ship parcels from coast-to-coast in the U.S. in as little as two to five business days.
U.S. Cargo Import Volumes for 2023 Expected to Peak in August
Cargo import volumes in the United States are expected to increase to 1.94 million units during July followed by 2.03 million units in August.
German Production Drops as Factory Weakness Weighs on Growth
Output dropped 0.2% from April to May 2023 as a decline in pharmaceuticals outweighed more vehicle manufacturing, according to the Wiesbaden-based statistics office.
The Logistics Industry Contracted for a Second Consecutive Month in June
Inventory levels in the logistics industry, which recorded a score of 42.9 during June 2023, are contracting at the second-fastest rate in LMI history.
Saudi Arabia Hikes Its Oil Prices as Supply Cuts Extended
Saudi Aramco raised the prices of all grades to the U.S., northwest Europe and the Mediterranean, compared with July 2023, according to a price list seen by Bloomberg.
Midwest Drought Eases Its Grip on Some Corn-Growing Areas
Drought across the Midwest recently fell to 63.54% from 64.71% during the week of June 30, according to the U.S. Drought Monitor.
GM, Toyota U.S. Sales Jump in Sign of Auto Industry Strength
GM sales rose almost 19% during the second quarter of 2023 while Toyota claimed its sales grew by 7.1% during the quarter.
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