It’s the Friday leading into Memorial Day weekend.
I suspect many of you have taken today off from work, as I have (I’m on my way to Ithaca, New York for my son’s graduation from Cornell), so I’ll make it quick and simple this morning.
Here’s the supply chain and logistics news that caught my attention this week:
- Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells (CNBC)
- Mounting container shortages creating ‘total havoc’ (The Loadstar)
- BMW, Jaguar Land Rover, VW used parts made with Chinese forced labor, Senate report finds (CBS News)
- Amazon Is Reviving Its Logistics Expansion and Reshaping Its U.S. Distribution (WSJ – sub. req’d)
- LTL rates make gains as TL stalls (Trucking Dive)
- Deutsche Bahn Gathers Bids for €15 Billion Logistics Arm (Bloomberg)
- Surge of cargo theft is ‘hitting us like lightning,’ experts say (CCJ)
- Trucking industry groups cheer House bill to fight freight fraud (DC Velocity)
- PepsiCo to expand EV fleet in California with Tesla semis, Ford vans (Reuters)
- Nikola and AiLO Logistics Announce Order for 100 Hydrogen Fuel Cell Electric Trucks
- Tractor Supply’s new DC serves as testing ground for robotics (Chain Store Age)
- Giti takes $12m Flexport legal battle to FMC (The Loadstar)
I’ll share my commentary next week. In the meantime, have a meaningful weekend!
Song of the Week: “Hurricane” by Eden Golan
