CNBC

Viewpoint: How do you put value on today’s longshore workers?

Labor strikes and slowdowns at ports in Germany, Antwerp, Belgium, and Rotterdam, Netherlands, are crippling trade and could trigger more logistical inflationary pressures for U.S. importers and consumers.

The German trade union Ver.di and the Central Association of German Seaport Companies (ZDS) will enter into their sixth round of negotiations on Tuesday. After warning strikes surrounding the subject of wage increases, the congestion that has been created is so solid that it will take at least...

https://www.freightwaves.com/news/viewpoint-how-do-you-put-value-on-todays-longshore-workers

Viewpoint: The jaws of trade squeezing the supply chain

The jaws of the supply chain vise are squeezing trade so tight that the headache it is creating will be a whopper for logistics managers this peak season. Port congestion is growing again as a result of labor and equipment inefficiencies. Trade requires people, and what we see in the CNBC Supply Chain Heat Maps is the people component in trade is behind this latest squeeze.

Shanghai is still in the process of reopening, and while there are more green lights on the screen, the supplying of...

https://www.freightwaves.com/news/viewpoint-the-jaws-of-trade-squeezing-the-supply-chain

Viewpoint: CNBC heat map highlights global events that can impact U.S. supply chain

A photograph of five long lines of containers lined up next to each other.

The peak season of 2022 presents a variety of challenges for logistics managers, according to the latest findings of the CNBC Heat Map. East Coast ports continue to see tremendous volume. A buildup of vessels is being seen off the ports of Houston and Savannah.

Source: CNBC Supply Chain Heat Map

Alex Charvalias, the supply chain in-transit visibility lead at MarineTraffic, tells American Shipper, “On the U.S. side, Savannah is seeing its worst days, with an average waiting time of eight days...

https://www.freightwaves.com/news/cnbc-heat-map-highlights-global-events-that-can-impact-us-supply-chain

Viewpoint: Trade stakeholders continue to pass the accountability buck

“Not it!” It seems some in maritime and logistics are still playing a game of tag. 

We all know the flow of trade is a series of pipes that all depend on each other so trade can flow efficiently. Now the pipes are clogged and corroded, and it turns out the “pipes” within this trade system are blaming the others for the corrosive contagion.

There is one reason behind this trade snarl. One. Can you guess? Bet you can’t unless you are an importer.

Accountability.

It’s the lack of willingness among...

https://www.freightwaves.com/news/viewpoint-trade-stakeholders-continue-to-pass-the-accountability-buck

Shipping Container Crisis Ignites Global Trade Disruptions

Disruption to supply chains triggered by the impacts of Covid-19 has ignited a worldwide shipping crisis, with prices of shipments skyrocketing due to a shortage of containers. Often headlined as the perfect storm, a combination of pressures has escalated shipping costs to more than four times the normal rate, threatening the stability of businesses that depend on these trade transport lines, reports Forbes.

A Wave Of Pressures

According to the Financial Times, the price of a 40-foot container...

https://mfame.guru/shipping-container-crisis-ignites-global-trade-disruptions/

Nikola’s Milton scraps with startup’s media critics

Trevor Milton

Trevor Milton is fighting mad.

For the second time in three months, the founder and executive chairman of Nikola Corp. (NASDAQ: NKLA) is blasting a national media outlet over its reporting on him and his newly public electric truck startup. 

The latest incident boiled over Wednesday evening when Milton accused a Bloomberg business news reporter on Twitter of lying about details of a Nikola prototype unveiled in 2016.

In a letter signed by Nikola Chief Legal Officer Britton Worthen, Nikoka...

https://s29755.pcdn.co/news/nikolas-milton-scraps-with-startups-media-critics

+ More