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Sales & Operations Planning: Page 12

Biden Administration Awards $12M to Marine Highway Projects

The funding will go towards improving the movement of goods along navigable U.S. waterways and expanding existing services in Alaska, Illinois, Indiana, Louisiana, Texas, Washington and Wisconsin.

Ketchikan, Alaska. Photo: iStock.com/pabradyphoto

Chinese Seafood Imports from Japan Fell After Release of Fukushima Water

Japan said that China was the world’s biggest importer of Japanese seafood in 2022 after the country acquired $571 million of seafood.

Photo: iStock.com/ahirao_photo

U.S. Manufacturing Rates Grew Slightly in August

Even though U.S. manufacturing outputs grew by 0.1% last month, production levels in August fell by 0.6% year-over-year.

Photo: iStock.com/Traimak_Ivan

Supplier Delays Force Lockheed Martin to Lower F-35 Jet Delivery Outlook

Lockheed Martin is now expecting to deliver 97 aircraft this year that run on existing technology, down from the previous forecast of 100 to 120 jets.

An F-25 fighter jet. Photo: iStock.com/Trevor Howard Jones

OOCL Logistics Partners with Stenn for Trade Financing Program

OOCL Logistics customers will be able to apply for financing through the PODIUM platform, meaning suppliers can now receive funding less than 72 hours after shipping out a product.

Charleston, South Carolina. Photo: iStock.com/Daniel Wright

Tyson Foods Dealing with Excess Inventory, Low Demand

Tyson recently closed down its Van Buren, Arkansas plant, one of six planned shutdowns to cut costs as Tyson deals with flat demand and a drop in wholesale prices.

New Holland, PA. iStock.com/gsheldon

Shopify Merchants to Offer ‘Buy with Prime’ Option Following Amazon Deal

Shopify had a change of heart after it told merchants in 2022 not to use Amazon’s “Buy with Prime” feature because it violated the website's terms of service.

Ontario, Canada. Photo: iStock.com/JHVEPhoto

Hyundai and LG Planning to Spend an Additional $2B on Georgia Battery Plant

The two companies will spend a total of $7.59 billion on the plant and create 8,500 new jobs in Bryan County, Georgia.

Photo: iStock.com/PhonlamaiPhoto

FedEx Raising Customs Fees and Shipping Rates

FedEx shipping rates are expected to grow by an average of 5.9% for U.S. domestic, export and import services.

Oshkosh, WI, USA - July 30, 2014 FedEx Express Airbus A300-600F airplane on the ramp at the Oshkosh Airport from Madison. Photo: iStock.com/vandervliet93

Hapag-Lloyd Left Out of Second Round of Bidding for HMM

Hapag-Lloyd, the only foreign company involved in HMM's bidding, was ruled out of the privatization process by creditor banks Korea Development Bank and Korea Ocean Business Co.

Photo: iStock.com/eyewave

Ocean Carrier EBIT Fell by 90% Year-on-Year During Q2 2023

Orient Overseas Container Line (OOCL) had the largest EBIT per TEU during Q2 2023 at $305, a massive drop-off from Q2 2022, which was over $1,500 per TEU.

Photo: iStock.com/SHansche

Globus Maritime Places $75.5M Order for Two Bulk Carriers

The company said the vessels will be built at a "reputable Japanese shipyard" and delivered during the second half of 2026.

Photo: iStock.com/GlenJ

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