‘Abandoned’ SMEs struggling to prepare as final Brexit deadline looms

UK small and medium-sized supply chain businesses claim government indecision and negotiating failures have left them all at sea, as the country prepares for the end of the Brexit transition period.
All UK supply chain companies will be required to operate under new customs and border control procedures from 1 January, but if a trade deal with the EU is reached, some red tape can be cut.
But the lack of clarity …

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China Increases U.S Crude Purchases To Comply With Trade Deal

  • China to ramp up crude oil and agricultural product purchases from the US.
  • These purchases are done to comply with Phase 1 of the trade deal.
  • LNG prices rise on uncertainties in the Gorgon LNG supply.
  • Seaborne iron ore prices hit a 6-year high.
  • Demand fundamentals weigh down Indonesian thermal coal prices.
  • September contract talks for paraxylene and benzene set to kick-off.
  • Long Range tanker freight rates inch closer to three-month highs

According to an article published in Platts and...

https://mfame.guru/china-increases-u-s-crude-purchases-to-comply-with-trade-deal/

Today’s Pickup: Ryder leverages Turvo for new technology platform

Ryder technology platform

Good day,

Ryder System (NYSE: R) is leveraging the cloud-based technology provider Turvo to launch an integrated digital platform to connect disparate pieces of the supply chain.

RyderShare integrates data from multiple transportation and warehouse management systems into a single platform that allows all parties involved in a supply chain to easily see potential problems and inefficiencies and take real-time action to course correct, Ryder said.

“We can solve in minutes what previously took...

https://s29755.pcdn.co/news/todays-pickup:-ryder-leverages-turvo-for-new-technology-platform

Today’s Pickup: vHub trailer-sharing platform now integrates with telematics systems

Trailer tracking

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The recently launched trailer-sharing marketplace vHub announced that its platform can now be integrated with fleet telematics and trailer-tracking systems. This integration will allow for an exact GPS-based location of available units and actual mileage, the company said.

“It benefits fleet or trailer owners and renters, and their drivers, when our new integration capability with any telematics system provides exact trailer locations in the vHub platform,” said Francis Roy, vice...

https://www.freightwaves.com/news/todays-pickup-vhub-trailer-sharing-platform-now-integrates-with-telematics-systems

EU-Vietnam free trade deal gets green light

The Committee on International Trade backed the free trade and investment protection agreements between the EU and Vietnam on Tuesday, January 21.

The committee gave its consent to the free trade agreement by 29 votes, six votes against and five abstentions and recommends that EP Plenary should do the same. The agreement will remove virtually all tariffs between the two parties in ten years. It will protect emblematic European products, and allow Europe to access the Vietnamese public...

https://container-news.com/eu-vietnam-free-trade-deal-gets-green-light/

US-China deal could boost port of Hong Kong

The port of Hong Kong, once the world’s busiest, could get a boost after the phase one trade deal between the U.S. and China is signed, according to the managing director of Modern Terminals.

The ambiguity brought on by the trade dispute between China and the U.S. in the last two years has created a lot of uncertainty for businesses, particularly for the port business, said Peter Levesque of Modern Terminals — the second largest container terminal operator in Hong Kong. He added that he hopes...

https://container-news.com/us-china-deal-boost-port-hong-kong/

Trump sets date for US-China deal

Donald Trump has announced he will sign a long-awaited trade agreement with China on 15 January.

The pact, a “phase one” deal, is expected to reduce tensions between the two economic giants.

The US president said the treaty would be signed in Washington in the presence of “high level representatives” from China.

“At a later date I will be going to Beijing where talks will begin on Phase Two!” the President wrote on Twitter.

Read more on BBC News.

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