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TJX CEO: Distribution model will help weather El Niño
The off-price retailer’s supply chain strategy allows it to hold inventory instead of going straight to stores, according to a Q2 earnings call.
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3 tips from Chewy’s COO on gaining a last-mile delivery edge
Personalization and close carrier collaboration can help shippers win in a space where Amazon and Walmart loom large, Scott Anderson told Supply Chain Dive.
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LNG Tankers Push Through Hormuz Again as Qatar, UAE Fight Supply Crunch
At least two LNG carriers have transited the Strait of Hormuz so far this week, while two others were detected to have engaged in ship-to-ship transfers outside the Strait offshore Oman, tanker-tracking and satellite data compiled by Bloomberg showed on Friday. The uptick in LNG cargoes managing to exit the Strait of …
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Japan's Refiners Have Enough Crude to Last Through November, Industry Body Says
Japanese refiners have procured enough crude oil to last them through November, the head of the Petroleum Association of Japan (PAJ) said on Friday, amid yet another twist in supply availability from the Middle East. The temporary shutdown of the East-West oil pipeline in Saudi Arabia following attacks last week added…
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WTI Retreats as Saudi Oil Workaround Eases Supply Fears
November WTI crude oil futures were trading at $96.35 at 0:51 GMT early Friday, up $0.49, or 0.51%, for the week. The contract traded as high as $101.69 and as low as $94.64. The range reflects a market caught between broken Saudi infrastructure and an export workaround that only moves part of the lost volume. Saudi A…
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Saudi Oil Exports Rebound at Hormuz While East-West Pipeline Remains Offline
Saudi Arabia has sold as many as 60 million barrels of crude oil from the Persian Gulf port of Ras Tanura for September and October loadings outside the Strait of Hormuz via ship-to-ship transfers, trade sources told Reuters on Friday. Saudi oil giant Aramco has offered buyers of the crude from the Ras Tanura port to …
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Hormuz Tanker Traffic Slumps as Saudi Arabia Scrambles for New Oil Routes
Only four commodity vessels were detected to have moved inbound or out of the Strait of Hormuz on Thursday, shipping data showed early on Friday, while oil shipping options out of the Middle East became fewer with the closure of the Saudi pipeline to the Red Sea port of Yanbu. Three vessels moved into the Persian Gulf…
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Saudi Pipeline Outage Could Deepen the Global Fuel Crunch
The temporary closure of the key onshore pipeline Saudi Arabia uses to bypass the Strait of Hormuz has added another shock to an oil market already struggling with six months of Middle East supply disruptions. And the damage now appears to be more extensive than initially believed. Three pumping stations along Saudi A…
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SC Ports, Norfolk Southern’s intermodal service grows Southeast reach
The daily rail service to Huntsville, Alabama, extends the Port of Charleston's connectivity to more markets, including Middle Tennessee.
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San Pedro Ports seek zero-emission truck usage boost via new incentive program
The proposed program would pay up to $36,000 per year for qualifying trucks that operate at the port complex.
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Oil Prices Slide as Saudi Arabia Reroutes Crude via Oman
Crude oil prices, which dipped yesterday, extended their losses earlier today following reports that Saudi Arabia will be exporting more oil through Oman while the East-West pipeline is repaired. At the time of writing, Brent crude was trading at $105.89 per barrel, with West Texas Intermediate at $102.39 per barrel. …
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Tanker Rates Smash $1 Million a Day as Oil Shipping Crisis Deepens
The daily rate for commissioning a tanker topped $1 million for the first time in history amid a tightening supply of vessels to carry crude oil and fuels whose owners are willing to dare the Strait of Hormuz. The squeeze is adding extra costs to the price of oil for physical delivery, just as tankers become a cyberse…
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Saudi Oil Crisis Is About to Hit Europe
Saudi Arabia’s oil supply crisis is rapidly becoming Europe’s problem. The September 10 attacks on Saudi Arabia’s East-West Pipeline struck the system at multiple locations and damaged at least one pumping station, forcing Riyadh to shut down the Kingdom’s critical alternative to the Strait of Hormuz. The 1,200-kilome…
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Export Constraints Curb Kazakhstan’s Ability to Offset the Global Oil Shortage
Kazakhstan, which has major oil reserves, is not in a position to help offset a looming energy crisis by expanding production, industry analysts say. With the Strait of Hormuz blocked, Russia sanctioned and Saudi Arabia’s East-West pipeline knocked out of action by Iranian drones, experts are predicting a spike in ene…
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USPS network revamp challenges on-time delivery from rural areas
An initiative to reduce trips to and from post offices far from major processing facilities has disproportionately impacted rural customers, per an agency watchdog report.
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Munchkin taps 20-year industry veteran as first chief supply chain officer
Former Thrasio and Walmart executive Kunal Thakkar joined the baby product maker last month to lead global operations and sourcing, among other functions.
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U.S. Investigates Suspected Cyber Attacks on Texas-Bound Tankers
U.S. Coast Guard and Federal Bureau of Investigation (FBI) agents last month boarded tankers to probe suspected cyber attacks on the vessels bound for the U.S. Gulf Coast that allegedly took place while the ships were transiting the Strait of Gibraltar between Morocco and Spain. A Coast Guard-led team that included FB…
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Good Culture names COO to scale supply chain
Kirk Jensen will focus on strengthening supply chain and manufacturing operations at Good Culture to improve availability and speed to shelf for retail partners, CEO Jesse Merrill said.
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Saudi Arabia Pivots to Spot Oil Sales After Key Pipeline Goes Offline
So far this week, Saudi Arabia has sold as many as 20 million barrels of crude oil in the spot market to be picked up from just outside the Strait of Hormuz, after the Kingdom was forced to shut down the key onshore pipeline that helps it bypass the chokepoint, unnamed traders with knowledge of the matter told Bloombe…
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Japanese Refiners Rush for Oman Crude After Saudi Pipeline Shutdown
Some refiners in Japan this week rushed to buy Oman’s crude for earlier loadings after Saudi Arabia shut down its key pipeline bypassing the Strait of Hormuz, traders with knowledge of the purchases told Bloomberg on Wednesday. Late last week, Saudi Arabia was forced to temporarily shut down the East-West oil pipeline…
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Hormuz Shipping Traffic Remains Stuck in Single Digits
Tanker traffic in the Strait of Hormuz remains a fraction of pre-war levels, with four vessels traversing the waterway on Tuesday, down from seven the previous day, Reuters has reported, citing ship-tracking data. The data does not include tankers that have turned off their geolocation devices, the publication noted. …
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Saudi Pipeline Outage Hits an Oil Market Running Out of Buffers
The war in Iran that had to be over and won by the United States in about six weeks is now in its seventh month and the oil markets are starting to crack. Gone are most of the cushions the market had in the early weeks and months of the Middle East conflict. The oversupply from early this year has disappeared as oil o…
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Sam Altman Is Selling Utilities the Cure for a Cyberattack His Own AI Helped Cau
The artificial intelligence boom is driving a new wave of autonomous cyberattacks, posing a major and growing threat to critical infrastructure, including the energy grid. Ninety percent of state government chief intelligence officers recently reported that cyberattacks on critical services – including threats to wate…
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US Energy Secretary: Saudi Pipeline Could Be Back in Service Within Days
Saudi Arabia’s East-West oil pipeline could be back in service within days, U.S. Energy Secretary Chris Wright said Tuesday, offering the first relatively concrete timeline for restoring a route that had been moving 4 million to 5 million barrels per day around the largely closed Strait of Hormuz. The 1,200-kilometer …
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Saudi Oil Crisis Deepens as Aramco Suspends Yanbu Loadings
Saudi Arabia suspends Yanbu oil loadings after halting its East-West pipeline, sending Brent back to $108. Asia’s Oil Crunch Sends Regional Benchmarks to Record Highs - Asia’s oil industry is facing a double whammy of supply shortages and better-than-expected demand, with crude differentials across the region graduall…
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Libya Threatens Force Majeure as Oil Guards Shut Fields
Libya’s National Oil Corporation is threatening to declare force majeure after members of the security force assigned to protect the country’s oil infrastructure shut a pipeline valve and halted production at two fields. Production has stopped completely at the Hamada and Tahara oilfields and at a pumping station afte…
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Saudi Aramco Cancels European Crude Cargoes as Key Pipeline Stays Shut
Saudi Aramco has canceled or delayed crude deliveries to European refiners after the shutdown of the kingdom’s East-West pipeline cut into one of its remaining routes around the Strait of Hormuz. At least three European refiners have had late-September cargoes canceled or pushed as far out as November, according to ma…
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OnTrac aims to turn available capacity into lower delivery prices
A savings tool in pilot testing is part of the carrier's efforts to become "much more customer centric," CEO Mike Brown told Supply Chain Dive.
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McCain Foods taps PepsiCo supply chain exec to head operations
Victoriano Perez Mies joins the frozen food producer as chief manufacturing and operations officer, a role that includes supply chain oversight.
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Australia's Energy Minister Heads to Saudi Arabia for Pipeline Answers
Australian Energy Minister Chris Bowen will travel to Saudi Arabia next week to meet with Saudi Energy Minister, Prince Abdulaziz bin Salman, and get the latest updates on the state of operations and oil supply after the Kingdom shut down the East-West pipeline following drone attacks late last week. Bowen will meet w…