Supply Chain Solutions Roundup | Put time back in your day
Here is the plan: instead of spending hours going through dozens of news emails in your inbox, put time back in your day by reading our curated content made just for the supply chain industry. Enjoy with a cup of coffee - it’s that fast! :)
OCEAN SHIPPING
Meishan Terminal in Ningbo remains closed 'until further notice'
The Meishan Terminal in Ningbo, China, remained closed Monday and operations will remain suspended "until further notice," according to a customer advisory from Maersk. Some ships that call Meishan have been able to shift to other terminals within the Ningbo complex.
Hapag-Lloyd suspends India – Bangladesh bookings
The German carrier, Hapag-Lloyd has announced it will temporarily stop accepting bookings from/to Krishnapatnam in India to/from Chittagong in Bangladesh with immediate effect and until further notice.
Global Supply Chains Get Battered by Fresh Covid Surges
Asia’s renewed surge in COVID-19 infections is compounding supply chain blockages across the world’s biggest source of manufactured goods.
AIR SHIPPING
Cargo airlines cancel hundreds of China flights amid COVID outbreak
Chinese restrictions to control a spike in COVID infections have severely curtailed cargo operations at several airports and reduced crew availability, forcing airlines to cancel hundreds of flights as the peak shipping season kicks into high gear in a sector already struggling to keep up with high demand.
Amazon Air’s big US hub opens for business
Amazon Air announced Wednesday it has begun operations at its new, primary package hub at Cincinnati/Northern Kentucky International Airport a few weeks ahead of schedule. The U.S. hub will enable the online retailer to further speed up line haul transportation and help meet one-day delivery commitments for Prime members.
RAIL
Drama is ensuing over proposals for one of two major Canadian railways to acquire Kansas City Southern. Stakeholders across the supply chain are watching the situation unfold — mostly shippers, who are trying to determine whether and how a cross-border acquisition by either entity could affect their movement of goods.
TRUCKING
Why do gains on sale matter for carriers?
In trucking, gains and losses on asset sales typically center on the sale of revenue equipment like tractors and trailers, and to a lesser degree real estate. The gains booked on the disposal of assets can provide meaningful swings in quarterly earnings, sometimes determining whether a company beats or misses expectations.
Chip shortage sinks Mexican auto exports in July
The latest wave of COVID-19 infections around the world has further hindered the global supply of semiconductor chips, causing production issues in Mexico’s automotive industry, said Fausto Cuevas, director general of the Mexican Association of the Automotive Industry.
ECONOMY
Port congestion has Biden's attention. Here's what San Pedro ports recommend.
President Joe Biden said experts from his administration believe port bottlenecks and the resulting price spikes will lessen as the economy improves. The administration is monitoring congestion at the Port of Los Angeles and Port of Long Beach, Biden said during Wednesday remarks on his economic agenda.
Lawmakers propose updates to Shipping Act, drawing shippers' praise and carrier rebukes
Changes in the proposed legislation include broadening the scope of FMC's powers by giving the agency the responsibility of ensuring the ocean market is "reciprocal" in an effort to promote U.S. exports, moving the burden of proof for detention and demurrage from the invoiced company to the ocean carrier, and requiring carriers to report total import and export volume to the FMC.
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