Supply chain disruption

Volvo Group sets Q4 delivery record as supply chain issues linger

Sweden’s Volvo Group reported record fourth-quarter truck deliveries of 62,800 trucks but said ongoing supply chain issues and higher energy costs forced it to throttle back order intake.

The mixed report countered a generally positive outlook from competitor Paccar Inc., which reported a record market share for its European DAF Trucks unit on Tuesday.

Volvo Group is the parent of Volvo Trucks North America (VTNA) and Mack Trucks. It reported net Q4 sales rose 31% to 134.3 billion Swedish Crowns...

https://www.freightwaves.com/news/volvo-group-sets-q4-delivery-record-as-supply-chain-issues-linger

White House touts easing of supply chain pressures

The White House has outlined progress on commitments made over the last two years to ease supply chain backups caused by the pandemic but failed to acknowledge recent signs that improvements have been losing steam.

“Just over two years ago, then-President-elect Biden addressed the nation in a prime time speech to propose his economic agenda: a plan for a strong, worker-centered economic recovery from the pandemic, followed by long-term investments to lay the foundation for more durable,...

https://www.freightwaves.com/news/white-house-touts-easing-of-supply-chain-pressures

Trucker age-exemption bill reintroduced in new Congress

Underage truck drivers would be exempted from restrictions that prohibit them from moving containers to and from marine terminals as proposed in a Republican-backed bill reintroduced in the new Congress.

The Ceasing Age-Based (CAB) Trucking Restrictions Act was introduced this week by U.S. Rep. Brian Mast, R-Fla., with 19 co-sponsors, all Republican. It is identical to a bill Mast introduced in late 2021, the Supplying America Needs Truckers Aged 18 (SANTA) Act, which garnered 21 co-sponsors...

https://www.freightwaves.com/news/headline-trucker-age-exemption-bill-reintroduced-in-new-congress

Pro-union mandate at Chicago O’Hare threatens to disrupt cargo flights 

The city of Chicago has threatened to revoke the licenses of contractors that process cargo for airlines at O’Hare airport if they don’t open to union organizers, putting two-thirds of cargo traffic at this major international hub at risk of being stranded and stressing supply chains for an undetermined period. 

Cargo airline executives warn it could take months to find replacement ground handling agents, leading to long backlogs at other overstretched facilities and forcing them to hunt for...

https://www.freightwaves.com/news/pro-union-mandate-at-chicago-ohare-threatens-to-disrupt-cargo-flights

Three Container Terminal Acquired By ONE On The US West Coast

Credits: Alex Duffy/ Unsplash
  • TraPac is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles and Oakland. 
  • The recent disruptions to the supply chain due to Covid-19 have highlighted the importance container terminals play in keeping global trade flowing. 
  • The newly acquired container terminals will safeguard ONE’s access to terminal capacity in key and strategic gateways.

Ocean Network Express has signed definitive agreements to acquire a...

https://mfame.guru/three-container-terminal-acquired-by-one-on-the-us-west-coast/

Daily Infographic: Building a supply chain roadmap in the face of a downturn

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Learn more by downloading the White Paper HERE

The post Daily Infographic: Building a supply chain roadmap in the face of a downturn appeared first on Freigh...

https://www.freightwaves.com/news/daily-infographic-building-a-supply-chain-roadmap-in-the-face-of-a-downturn

Trailer orders soar in October as OEMs raise intake

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A return to normalcy among trailer manufacturers gained momentum in October with order intake 82%...

https://www.freightwaves.com/news/soaring-october-trailer-bookings-reflect-full-opening-of-orderbooks

No disaster relief for spot rates

Chart of the Week: National Trucking Index, Outbound Tender Reject Index – USA SONAR: NTI.USA, OTRI.USA

National truckload spot rates increased a marginal 1.5% over the past week, according to the National Truckload Index (NTI), as the first hurricane to make landfall in the U.S. this year hit the southwest coast of Florida. Similarly, national tender rejection rates seemed unaffected, indicating transportation managers have little to fear in terms of capacity availability on a national level. 

Na...

https://www.freightwaves.com/news/no-disaster-relief-for-spot-rates

Supply chain effects from Hurricane Ian could linger for weeks

Highway traffic jam for hurricane exodus.

The risk to manufacturing, agriculture and distribution sectors in Florida is rapidly intensifying as powerful Hurricane Ian takes aim at the state’s southwest coast. But the economic ripple effects are likely to be felt well beyond the storm zone.

Experts are predicting severe disruption to supply chains from flooding, power outages and wind damage that could stall factory and farm production, as well as freight movement through major port, airport, highway and rail nodes. The Tampa-to-Orlando...

https://www.freightwaves.com/news/supply-chain-effects-from-hurricane-ian-could-linger-for-weeks

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