Week of 10/28: The Rundown by Rygen
Your lightning fast review of recent supply chain events
Amazon At Capacity?
A few of Amazon’s West Coast facilities are at capacity as demand continues to increase. This has led to longer inventory processing times at inbound shipping locations and for palletized freight. Read more…?
A Decline in Earnings for Crude Oil?
A decline in crude oil prices and margins being refined are most likely compelling four of the five biggest oil companies to take on debt in order to finance $15 billion in share buybacks for the latest quarter. Read more...??
Lawsuit Settled: Baltimore Bridge Collapse?
The DALI cargo ship’s owner has agreed to pay over $102 million as settlement for the deadly Baltimore Bridge crash. The settlement does not cover rebuilding the bridge, which is expected to cost close to $2 billion. Read more...?
?Labor Negotiations Resume?
Discussions have resumed regarding a new master contract between the International Longshoremen’s Association (ILA) and employers represented by the United States Maritime Alliance (USMX). Read more...?
Insights on Freight Economy?
The Chief Economist of the American Trucking Association (ATA) explains how the freight market will slowly begin improving. He explains, “It’s far from robust. But even though the macroeconomy is going to slow back to normal, I think that the drivers of truck freight are going to get a little bit better.” Read more...?