chip shortage

Russia-Ukraine developments: Commodity diesel prices take a breather

Consumers of diesel fuel got a rare respite, at least in the commodity markets, when the price of ultra low sulfur diesel (ULSD) rose only slightly Thursday.

After three days in which the price of ULSD on the CME commodity exchange rose more than 64 cents a gallon, ULSD Thursday rose just 0.87 cents to $3.5034 a gallon. It had been as high as more than $3.84 per gallon earlier in the day.

The general consensus in the market is that prices pulled back because of growing signs that negotiators in...

https://www.freightwaves.com/news/russia-ukraine-developments-commodity-diesel-prices-take-a-breather

Amid semiconductor shortage, resale markets take off

Resale and secondary markets show growth amid semiconductor shortage

Here’s a crazy stat: If you wanted to buy a used car right now, there’s a good chance it would cost you more than a new model of that same car.

It sounds impossible, but that is exactly what is happening. With a shortage of semiconductors and automotive factories closing down left and right, new cars simply aren’t being produced, and that’s caused the value of cars on secondary and resale markets to skyrocket — to the point where they’re often more expensive than new cars.

But it isn’t just new...

https://www.freightwaves.com/news/amid-semiconductor-shortage-resale-markets-take-off

Thefts on the rise: How camera technology acts as security system

Statistically speaking, summertime has the highest frequency of vehicle theft, which is why the National Highway Traffic Safety Administration declared July as Vehicle Theft Prevention Month. Not only do drivers need to consider shifts in behavior but also the technology solutions available to bolster safety and theft prevention. 

2020 holds the record for the highest number of vehicle thefts in the last decade, increasing 9.2% year-over-year to 873,080 thefts. These thefts ranged from entire...

https://www.freightwaves.com/news/thefts-on-the-rise-how-camera-technology-acts-as-security-system

Looking at the shipping side of things — Transmission

When you switch to AIT Worldwide Logistics for automotive shipping you’re partnering with a team of logistics professionals in Asia, Europe and North America who develop customized supply chain solutions that are just as unique as your business. Whether it’s transborder hot-shot trucking, express ocean service, or an exclusive air charter, AIT has the expertise, technology, and carrier connections to achieve your production goals — every time. To learn more, visit https://www.aitworldwide.com/au...

https://www.freightwaves.com/news/looking-at-the-shipping-side-of-things-transmission

Chip shortage will have ‘severe impact’ on 93% of auto industry

The chip shortage has been going on long enough to generate some survey data, and there are some positive things to be found there, but overall the picture is bleak. The general trend seems to be that the impact will be massive and it will last at least through most of 2021, but there are ways of mitigating the damage. Here’s what the industry itself is saying.

Chip shortage by the numbers

Automotive News has a new survey out called Examining the Global Chip Shortage, which proves what we’ve been...

https://www.freightwaves.com/news/chip-shortage-will-have-severe-impact-on-93-of-auto-industry

Changing the supply chain doesn’t mean just one thing

The evolving automotive supply chain — and it is evolving, perhaps more than casual observers are aware — is forcing companies to rethink best practices when it comes to getting cars out of the factory and into customer hands. Some are focusing on making their supply chains more independent while others are trying to find more ways to work together. No one says both approaches can’t be right, depending on the situation.

VW calls batteries ‘the heart’ of EVs, moves more production in-house

Volkswag...

https://www.freightwaves.com/news/changing-the-supply-chain-doesnt-mean-just-one-thing

Chip shortage or crisis? Semiconductor issue illustrates the difference

On the Transmission show this week, we speak with Dan Hearsch, managing director at AlixPartners, about the difference between a shortage and a crisis. In the auto supply chain world, that distinction means a lot as automakers continue to scramble to source the semiconductor chips they need to keep building cars. Hearsch told us that the acute crisis side of the chip shortage is peaking right now, and should be over in the next few weeks or maybe months. As for the overall shortage, well,...

https://www.freightwaves.com/news/chip-shortage-or-crisis-semiconductor-issue-illustrates-the-difference

Auto industry faces more work stoppages due to chip shortage

Ford Motor Co. expects to lose about 50% of its planned second-quarter production, about $2.5 billion in earnings, due to the global semiconductor chip shortage affecting the industry. 

“The semiconductor shortage and the impact to production will get worse before it gets better. In fact, we believe our second quarter will be the trough for this year,” CEO Jim Farley said during the company’s earnings call Wednesday. 

Matt Silver, CEO of cross-border logistics technology platform Forager, said...

https://s29755.pcdn.co/news/auto-industry-faces-more-work-stoppages-due-to-chip-shortage

Transmission: Chip shortage hits EV production; specific tires for performance EVs

The fallout from the semiconductor chip shortage continues, and since it’s affecting the production of vehicles across the globe, it should be no surprise that automakers will be making fewer electric vehicles in the coming months, just as they’re making fewer internal combustion engine vehicles.

Exactly how many fewer vehicles the industry will build this year is unknown, but it will be in the millions, for sure. AutoForecast Solutions raised its estimate of the number of vehicles that will not...

https://s29755.pcdn.co/news/transmission-chip-shortage-hits-ev-production-specific-tires-for-performance-evs

Transmission: Daimler’s new electric truck and Biden plans meeting to discuss chip shortage

Hello, Transmission members!

You know that your corner of the automotive industry isn’t exactly niche anymore when mainstream media outlets start encroaching on the topic. That’s the case today, as exemplified by an NPR segment Thursday morning discussing electric vehicle battery components.

That’s as good a place as any to start the newsletter, since the sourcing of advanced vehicle components is only going to get more and more important — in other words, more and more newsworthy — as the...

https://s29755.pcdn.co/news/transmission-daimlers-new-electric-truck-and-biden-plans-meeting-to-discuss-chip-shortage

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