Logistics
Conversation Begins About Who Will Pay for Suez Canal Crisis
Tug boats pull the Ever Given containership along the Suez Canal after dislodgement on March 29. (Islam Safwat/Bloomberg News)
The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning.
March 30, 2021Oil Rises for Second Day With Focus Moving Toward OPEC+ Meeting
Ali Mohammadi/Bloomberg News
Oil climbed to the highest in almost two weeks as traders looked ahead to this week’s OPEC+ meeting with speculation that renewed demand concerns will spur the group to keep production in check.
March 29, 2021World’s Other Major Shipping Pileup Is Still Clogging Trade
Containerships wait offshore at the Port of Long Beach in California on March 25. (Bloomberg News)
Ship congestion outside the biggest U.S. gateway for Asian imports worsened from a week ago, highlighting a headwind facing American companies just as a pileup around the Suez Canal had threatened to tangle Europe’s supply chains.
March 29, 2021Cargo Ship Stuck in Suez Canal Finally Dislodged
MV Ever Given on March 28. (Planet Labs Inc. via AP)
SUEZ, Egypt — Workers have successfully set free a colossal containership that for nearly a week has been stuck sideways across the Suez Canal, one of the world’s most crucial arteries for trade, a canal service provider said.
March 29, 2021NYC-N.J. Tunnel Plan Has ‘Sense of Urgency,’ Buttigieg Says
Buttigieg (Cliff Owen/Associated Press)
The Biden administration is prioritizing the Gateway rail tunnel project between New York City and New Jersey with urgency because of its “national significance” to the economy, Transportation Secretary Pete Buttigieg told lawmakers.
March 26, 2021Blocked Suez Canal Compounds Stress to Supply Chains
Satellite image shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, March 26. (Maxar Technologies via AP)
Dislodging the container vessel blocking the Suez Canal will take until at least March 31, a longer effort than initially feared that will amplify the disruption to global supply chains for everything from oil to grains to cars.
March 26, 2021Infrastructure Plan Coming March 31, Biden Says
President Joe Biden holds his first press conference March 25. (Oliver Contreras/Sipa via Bloomberg News)
President Joe Biden said he will unveil his long-term economic rejuvenation plan March 31, promising a new “paradigm” for the middle class and a major ramp-up in investment and infrastructure spending that will strengthen the U.S. position against China.
March 25, 2021Supply Chain Transformation for a Post-Pandemic World
Our live webinar, Supply Chain Transformation for a Post-Pandemic World, features expert insight from industry leaders. Join us as we discuss relevant topics, from the impact of the pandemic to the future of the industry, and get tips that will help you succeed in the dynamic world of logistics & distribution.
March 25, 2021Suez Canal Choked for Third Day as Elite Team Tackles Stuck Ship
This photo released by the Suez Canal Authority on March 25, shows the Ever Given after it become wedged across the Suez Canal. (Suez Canal Authority via AP)
A huge backlog of ships was building up around the Suez Canal for a third day as an elite salvage team set about the monumental challenge of freeing the container vessel that’s blocking the crucial waterway.
March 25, 2021XPO Opening Automated Logistics Facility in Indiana
An XPO Logistics supply chain facility. The company will open an automated logistics facility in Clayton, Ind., this summer, bringing 800 jobs. (XPO Logistics)
XPO Logistics will open an automated logistics facility in Clayton, Ind., at one of the state’s major logistics hubs in Hendricks County. The new facility is expected to employ 800 people and become fully operational sometime this summer, according to XPO.
March 24, 2021