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Trade groups urge USTR to extend pause on China-linked ship fees
The National Retail Federation and others said a continued halt to fees would help ease uncertainty as stakeholders face elevated transportation costs.
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Shipment fluctuations vary across LTL carriers in mid-Q3 updates
Saia and XPO both reported increases in volume for August, while other carriers reported decreases.
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The intelligence advantage: Moving beyond benchmarking to network-wide insights
How network-scale intelligence helps businesses focus resources on the opportunities that matter most.
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How supply chains can achieve resiliency with quantum optimization
If your supply chain is drowning in variables, constraints and constant change, quantum optimization may offer a smarter way forward.
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Middle East Oil Exports Rebound to 12.8 Million Bpd
Crude oil exports from the Middle East have risen to 12.8 million barrels daily this month, preliminary data from Kpler cited by Reuters has suggested. The rebound was led by Saudi Arabia, which redirected oil flows from the west to the east, where it loads the crude on tankers in the Gulf of Oman via ship-to-ship tra…
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6 food manufacturers talk supply chain tactics
General Mills, Nestlé and more discussed how they are cutting operational costs, navigating uneven freight rates and sharpening demand forecasting at a Barclays conference.
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Lego to spend $400M to add warehouse space at Mexico plant
The toymaker's investment will also support expanded packing capabilities to strengthen its regional supply chain network in the Americas.
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Aramco Restores East-West Pipeline as War Risk Closes In on Yanbu
Saudi Aramco has restarted its East-West pipeline (Petroline) less than two weeks after attacks knocked out the 7 million bpd system, restoring at least some of the route that has carried the bulk of Saudi crude around the Strait of Hormuz since the war began. Pumping has resumed at reduced rates, with Aramco reported…
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WTI Whipsaws as Hormuz Hopes Collide With Diesel Crunch
November WTI crude oil futures spent the week trading a possible reopening of the Strait of Hormuz against the risk that shipping conditions have not normalized. The contract fell to $88.67 Tuesday after reports that Iran could reopen the Strait within seven days, then recovered to $96.78 Thursday as the diplomatic st…
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Shippers are exploring port-to-inland transit to de-risk supply chains
Inland routes offer a stable alternative to heavily utilized routes, APM Terminals Mobile managing director Brian Harold told Supply Chain Dive.
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Hormuz Tanker Transits Crash to Single Digits as Crisis Deepens
Only nine commodity carriers passed through the Strait of Hormuz on Thursday, eight of them exiting the waterway, Reuters reported in its now regular update on tanker numbers in the strait. The Thursday total is a further decline on already depressed numbers that have now gone from double to single digits, with the 10…
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VLCC Rates Hit Record $1.27 Million a Day as Oman Transfer Capacity Maxes Out
Capacity for ship-to-ship transfers of crude oil off the coast of Oman has reached its limits after Saudi Arabia diverted its flows from the port of Yanbu amid Houthi attacks, Reuters has reported, citing unnamed trading sources and analysts. The report said Saudi Arabia has sold some 60 million barrels of crude, to b…
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Soaring Freight Costs Make Japan’s Crude Imports the World’s Most Expensive
Oil is increasingly getting more expensive before it even reaches a refinery. Freight now accounts for roughly a fifth of the cost of a crude cargo, turning the tanker market into a major driver of the price buyers pay. At the center of the squeeze is the very large crude carrier, or VLCC, the supertanker that can mov…
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Saudi Oil Export Costs Surge as Red Sea Risks Mount
Saudi Arabia’s workaround for the Strait of Hormuz now carries a war-risk insurance bill nearly as expensive as sending tankers through Hormuz itself. Quoted premiums for Saudi-linked tankers calling at the Red Sea port of Yanbu have tripled to around 3% of a vessel’s value from less than 1% in early July, according t…
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Companies channel IEEPA tariff refunds into their coffers, Atlanta Fed says
While most firms are keeping the returned cash, the institution said “a nontrivial portion” of refunds is being used to benefit customers and employees.
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Russia Begins Oil Exports From Its Giant Vostok Arctic Project
Russia has begun commercial crude exports from Rosneft’s Vostok Oil project, putting barrels on the water from its new Arctic terminal after years of sanctions, investor exits, and construction delays. Three ice-class tankers loaded about 250,000 metric tons of crude from the Bukhta Sever terminal on the Taimyr Penins…
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Amazon: AI supply chain agents among seller upgrades
The company will offer inbound planning and aged inventory agents as part of a larger push to help sellers grow internationally.
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Saudi Arabia Sells 100 Million Barrels of Crude to Asia via Hormuz
Saudi Arabia has sold almost 100 million barrels of crude to Asian buyers via the Strait of Hormuz since the middle of last week, when it pivoted to the chokepoint it wanted to avoid with the East-West pipeline to the Red Sea. With the pipeline out of service, the Kingdom has sold 100 million barrels of crude, which i…
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U.S. to Back Argentina’s First LNG Export Project With $6 Billion Loan
The U.S. government is ready to support Argentina’s key LNG project by lending up to $6 billion to the project led by Argentina’s energy group YPF in partnership with Italy’s Eni and Emirati energy firm XRG. As part of a newly launched Andes-Atlantic Corridor, a joint U.S-Argentinian initiative to strengthen and moder…
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Brent Holds Above $102 as Iran Talks Stall Over Hormuz Conditions
Crude oil prices took a dip today amid reports that there was willingness for peace in the Middle East on both sides of the conflict. The dip partially offset gains made earlier in the week, keeping oil benchmarks elevated. At the time of writing, Brent crude was trading at $102.20 per barrel, and West Texas Intermedi…
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Hormuz Workarounds Keep Gulf Oil Flowing—at a Steep Cost
Ship-to-ship transfers and pipelines bypassing the Strait of Hormuz, where available, have become the primary export route for most Middle Eastern oil. Oil producers in the region have demonstrated what some see as remarkable adaptability to the new circumstances. In fact, it is a matter of survival. And it comes at a…
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Shippers’ coalition advances Class 8 electric battery truck adoption
Companies such as Microsoft and PepsiCo are aggregating demand to access sustainable transportation more affordably, recently placing an order for 2,500 trucks.
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Uzbekistan Eyes Caspian and Black Sea Ports to Break Out of Central Asia
Uzbekistan is intent on establishing logistics lily pads on the shores of the Caspian and Black Seas to advance Tashkent’s Middle Corridor trade agenda. A statement published by President Shavkat Mirziyoyev’s office on September 21 revealed that Uzbek and Georgian officials have already signed an agreement to establis…
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Plastics get pulled into tariff turmoil
“Depending on the size of the converter and your influence over the supply chain, there’s probably a lot of confusion,” said a Rabobank packaging and logistics analyst.
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Hormuz Traffic Running 80% Below Its 10-Day Average
Only three commodity vessels moved through the Strait of Hormuz in the past day, preliminary tanker-tracking data by Kpler showed on Wednesday, as the oil market weighs the potential resumption of U.S.-Iran talks against continued disruptions in the Middle East. The three commodity vessels, which included one Panamax …
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Ocean Spray names chief supply chain officer
Brad Hartzell wades into the role leading operations for the company behind Craisins with 25 years of experience.
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Saudi Pipeline Restart Fails to End Oil Market Tightness
Saudi pipeline flows resume, but soaring freight and diesel prices signal persistent oil market tightness. Oil Freight Costs Explode as Gulf Risk Traps the VLCC Fleet - The ultimate showdown of the US-Iran conflict seems to be unfolding in the freight market as costs of VLCC tankers continue to push higher into unchar…
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Saudi Arabia Restarts East-West Oil Pipeline
Saudi Arabia has restarted its East-West oil pipeline, restoring at least some flow through the 4-million-barrel-per-day route that had become the kingdom’s main escape hatch around the Strait of Hormuz. The pipeline is running at a low rate for now, according to Reuters sources, with Aramco working to return flows to…
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Libya’s Largest Oilfield Hit by New Armed Group Blockade
Crude oil production at Libya’s largest oilfield, Sharara, has slumped over the past day after an armed military group closed a valve on the pipeline that carries crude oil from the field to the Zawiya port for exports, in yet another global supply scare amid ongoing disruptions in the Middle East. An armed group has …
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Yemen Escalation Raises New Risks for Global Oil Markets
A conflict that has simmered in Yemen for years has flared in recent weeks, with consequences that could reach far beyond the Middle East. The Houthi rebels have seized nearly all of Yemen’s Red Sea coastline, giving the Iran-aligned militant group control of the Bab al-Mandab Strait, a key chokepoint for global trade…