Trade war with China

Trump Admin sending crystal-clear message: “Know your supply chains”

This is an excerpt from Thursday’s Point of Sale retail supply chain newsletter.

The western Chinese region of Xinjiang is a major source of coal, chemicals, sugar, tomatoes and polysilicon, but the area is most notably the country’s primary producer of cotton. In fact, 85% of China’s cotton can be traced to the region and China accounts for ~20% of the world’s cotton production. 

After months of increasing restrictions, the Trump Administration announced a blanket import ban on all cotton and...

https://www.freightwaves.com/news/trump-admin-sending-crystal-clear-message-know-your-supply-chains

Commentary: US ag exporters, trucking industry urging FMC to regulate carriers

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

In times of crisis, a united front is always stronger than fragmentation. A great example of this strength is the ocean carriers and their business strategy during the COVID-19 crisis. But their tremendous success in navigating the pandemic has U.S. exporters and logistics now calling for regulation.  

The potent power of the carriers can easily be tracked through...

https://www.freightwaves.com/news/commentary-us-ag-exporters-trucking-industry-urging-fmc-to-regulate-carriers

Trade war, pandemic make chassis scarce

Aerial view of containers at port

COVID-19’s disruption of the global supply chain pushed intermodal equipment at ports into storage. Since China’s manufacturing and demand have come back online, available chassis at some ports around the world have been nearly impossible to find. 

“A lot of that equipment was in bad order,” said Doug Hoehn, executive vice president of chassis and containers for Milestone Equipment Holdings (Milestone), a large Missouri-based equipment lessor. “Some of it may be even in bad order to the point...

https://www.freightwaves.com/news/trade-war-pandemic-make-chassis-scarce

Carriers owed thousands after lumber processor files for bankruptcy

Northland Corp., a hardwood processor, filed for Chapter 11 bankruptcy protection on July 27.

Several trucking companies and freight brokerages are owed thousands of dollars after a Kentucky-based lumber processor filed for Chapter 11 bankruptcy protection Monday.

Northland Corp., headquartered in La Grange, Kentucky, filed its petition in the U.S. Bankruptcy Court for the Western District of Kentucky.

In its filing, Northland lists both its assets and liabilities as between $1 million and $10 million and states it has up to 199 creditors. 

Among the lumber company’s top 20 unsecured...

https://www.freightwaves.com/news/carriers-owed-thousands-after-lumber-processor-files-for-bankruptcy

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