Wednesday, October 31, 2012
In addition to infrastructure damage, Hurricane Sandy has forced the idling of about 70% of the East Coast’s oil refineries. This does not bode well for the supply of refined oil products as capacity was already quite tight prior to the shutdowns
Posted on 10/31 at 04:09 PM
Supply Chain •
The consumer products industry is undergoing significant change, with "empowered" consumers putting pressure on manufacturers and retailers for greater selection and speed. Traditional forms of consumer outreach are quickly being augmented and, in some cases, replaced by these new ways of communicating, reporting, and promoting.
UPS expects to deliver 527 million packages between Thanksgiving and Christmas, and FedEx expects to deliver more than 280 million packages during that same period.
Posted on 10/31 at 10:02 AM
A confluence of ongoing events, including the debt crisis hitting exports, domestic sales and consumer confidence and imports, which have added to declining trade volumes, has led to a recession being formally declared in the European Union, according to the most recent edition of the Global Port Tracker report.
Tuesday, October 30, 2012
While Hurricane Sandy continues to wreak havoc in the Northeast and Mid-Atlantic regions of the United States, a new focus on risk mitigation is sure to take hold.
To say Hurricane Sandy has made her presence felt is very likely the understatement of the year. In this space yesterday, we basically speculated what the impact would be and now a day later it is clear this could very well be the biggest storm we have seen and been part of in our lifetimes.
Posted on 10/30 at 11:05 AM
In its preliminary evaluation of the economic impact of Hurricane Sandy IHS Global Insight said potential infrastructure damages currently stand around $10 billion of insured damages and about twice as much, or $20 billion, in terms of total damages
While the full impact from Hurricane Sandy on the nation’s supply chains has yet to be measured, preliminary reports suggest it will be substantial
The average price per gallon dropped 8.6 cents to $4.030 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted on 10/30 at 08:59 AM
Diesel Prices •
Monday, October 29, 2012
Less-than-truckload (LTL) transportation services provider Old Dominion Freight Line (ODFL) recently announced it has expanded its service into Canada with the relocation and expansion of its Detroit Service Center in Troy, Michigan.
Posted on 10/29 at 01:10 PM