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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaersk North America president on returning to Baltimore port and the shipping outlookCharles Van der Steene, president of Maersk North America, joins CNBC's Lori Ann Larocco to discuss the Baltimore port reopening timeline, peak shipping season, and the US consumer and economy.
Persons: Charles Van der Steene, Lori Ann Larocco Organizations: North America, Maersk Locations: Baltimore, Maersk North America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLogistics companies scramble with Port of Baltimore closed until further noticeCNBC's Lori Ann LaRocco reports on the economic fallout from the Francis Scott Key Bridge collapse in Baltimore, Maryland.
Persons: Lori Ann LaRocco, Francis Scott Key Organizations: Email Logistics, Port Locations: Baltimore, Baltimore , Maryland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhere global shipping rates are headed in 2024 with Red Sea attacks continuingGlobal shippers and ocean freight carriers are in contract season and the Red Sea continues to weigh on decision making. Where are container prices headed? CNBC's Lori Ann Larocco consulted logistics experts at the recent TPM conference.
Persons: CNBC's Lori Ann Larocco Organizations: Red
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P Global Head of Supply Chain Research on tariffs and other barriers to tradeCNBC's Lori Ann LaRocco joins S&P Global's Head of Supply Chain Research Chris Rogers at this year's TPM conference to discuss tariffs and how trade adapts to overcome barriers.
Persons: Lori Ann LaRocco, Research Chris Rogers Organizations: Supply, Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnion Pacific President on rethinking the supply chain, investing in trade with MexicoCNBC's Lori Ann LaRocco joins Union Pacific President Beth Whited at this year's TPM conference to discuss the state of the supply chain and trade with Mexico.
Persons: Lori Ann LaRocco, Beth Whited Organizations: Email Union Pacific, Union Pacific Locations: Mexico
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden administration announces new logistics plan to support U.S. supply chainCNBC's Lori Ann LaRocco breaks down the Biden adminsitration's new cross-agency initiative to support the U.S. supply chain.
Persons: Lori Ann LaRocco Organizations: Biden
Australian ports operator back up after cyberattack
  + stars: | 2023-11-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAustralian ports operator back up after cyberattackDP World, one of Australia's biggest port operators, resumed activities after a massive hack roiled the company for three days. CNBC's Lori Ann Larocco reports.
Persons: CNBC's Lori Ann Larocco
The worldwide freight recession will continue in 2024
  + stars: | 2023-11-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe worldwide freight recession will continue in 2024The freight sector has seen plummeting container prices and a wave of trucking bankruptcies. In 2024, the situation may improve, but only a little, according to a new CNBC Supply Chain Survey. CNBC's Lori Ann Larocco reports.
Persons: CNBC's Lori Ann Larocco Organizations: CNBC Supply Chain Survey
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConstruction CEO on labor shortages, project delays and a greater role for technologyMaria Davidson, the founder and CEO of materials management company Kojo, joins CNBC's Lori Ann LaRocco to discuss the adoption of new technology in the construction industry at a time of labor shortages.
Persons: Maria Davidson, Lori Ann LaRocco
And yet, the industry is currently battling the highest level of unfilled job openings ever recorded. The construction industry averaged more than 390,000 job openings per month in 2022, the highest level on record, while unemployment in the sector of 4.6% was the second lowest on record. "Commercial construction materials prices are now 40% higher than they were back in February 2020. For construction workers, pay is boomingFor workers who seek construction jobs, the timing has never been better. "The construction industry is now paying 80% more than the average non-farm job in the United States."
Persons: Anirban Basu, Maria Davidson, Lori Ann Larocco, Davidson, it's, Michael Elder, Rucha Vankudre, It's, Brian Turmail, Turmail, doesn't, we've, Vankudre Organizations: Associated Builders and Contractors, ABC, MBTA, Boston Globe, General Contractors of America, . Census Locations: U.S, Boston, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat the Panama Canal is doing to fight a severe drought challengeRicaurte Vásquez Morales, administrator of the Panama Canal Administrator, speaks with CNBC's Lori Ann LaRocco about how drought is affecting the vital trade artery and shippers, and the steps it is now taking.
Persons: Ricaurte Vásquez Morales, CNBC's Lori Ann LaRocco Locations: Panama
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC supply chain survey: 71% of said they are concerned the consumer will cut backCNBC's Lori Ann LaRocco reports on the results from an exclusive CNBC supply chain survey.
Persons: Lori Ann LaRocco Organizations: CNBC
But the proposed labor deal is a far way from being fully approved, according to the International Longshore & Warehouse Union. "The ILWU is pleased to have reached a tentative agreement with PMA last night," said a statement from ILWU President Willie Adams on Thursday afternoon. "These delegates will carefully review the tentative agreement and make a recommendation to the rank and file who will then vote on the tentative agreement," Adams said. "We will not be sharing details of the tentative agreement publicly until we have completed the ratification process," he stated. President Biden nominated Acting Secretary Su on February 28 to replace Labor Secretary Marty Walsh, who stepped down in March.
Persons: Julie Su, Willie Adams, Adams, Labor Su, Biden, Su, Marty Walsh, Price Rupert, CNBC's Lori Ann LaRocco Organizations: Biden, Labor, Warehouse Union, PMA, Pacific Maritime Association, United Mine Workers, AFL, Senate, Los Angeles Chamber of Commerce, U.S . Chamber of Commerce, ILWU, U.S . Locations: West Coast, California, San Francisco, Seattle, West, Vancouver, U.S . West Coast, Panama, East Coast
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKey port facilities face shutdowns amid potential contract standstillsCNBC's Lori Ann LaRocco discusses why TTI, the largest terminal in Long Beach, has cancelled all trucking orders for imports and exports.
Persons: standstills, Lori Ann LaRocco, TTI Locations: Long Beach
Labor issues causing some West Coast shipping ports to close
  + stars: | 2023-06-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLabor issues causing some West Coast shipping ports to closeCNBC's Lori Ann LaRocco joins 'Power Lunch' to report on new labor issues with union workers refusing to report for work at some West Coast ports, leading to shutdowns.
Persons: Lori Ann LaRocco Locations: West Coast
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC supply chain survey: 36 percent think inventories will normalize in second half of 2023CNBC's Lori Ann LaRocco reports on the results from an exclusive CNBC supply chain survey.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFreight thieves are a growing problem inside the US supply chainTravelers' crime and theft specialist Scott Cornell joins CNBC's Lori Ann LaRocco to discuss the vulnerability of US cargo.
Norfolk Southern said Wednesday it agreed to provide up to seven paid sick days per years for members of the International Brotherhood of Boilermakers and Blacksmiths. The deal provides Norfolk Southern's mechanical railroaders with four paid sick days per year, in addition to three existing days of paid time off that can now be used as sick days. The IBBB is now the ninth of Norfolk Southern's 12 unions that have negotiated paid sick days, benefitting about 6,000 workers. The move comes after months of fighting between unions and railraods – including Norfolk Southern, Union Pacific and BNSF – over paid sick leave. The legislation, however, did not include paid sick leave.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Phononic is bringing the supermarket freezer into the semiconductor eraCold-chain storage is critical to food supply but much of the refrigeration technology is outdated in the semiconductor age. Tony Atti, CEO of solid state cooling innovator Phononic, joins CNBC's Lori Ann LaRocco to discuss the company and the supply chain.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy calls for rail reform and improved train safety are coming up against a big potential roadblockCNBC's Lori Ann LaRocco details how a major union that would be critical in implementing new safety measures to prevent another big train derailment is vastly understaffed to undertake those efforts.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOne of the world's top players in global trade weighs in on supply chain and inflationary pressuresCNBC's Lori Ann LaRocco speaks with the CEO of MSC, which controls just under a fifth of the global container market, and why he's optimistic about the second half of the year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShipper MSC, barometer of global trade, is predicting a reboundDespite the recent drop in global trade demand and inventory gluts in the U.S. and Europe, Mediterranean Shipping Company CEO Soren Toft tells CNBC he is optimistic about the future of freight and the U.S. economy. Toft joined CNBC's Lori Ann LaRocco to discuss the Switzerland-based company's growth plans.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaltbox CEO Tyler Scriven on the massive, untapped small business logistics marketSaltbox co-founder and CEO Tyler Scriven joins CNBC's Lori Ann LaRocco to discuss why co-warehousing is becoming a key logistics solution for direct-to-consumer e-commerce small business owners.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Cannot be forgotten': Shipping industry urges UN to help sailors, ships still trapped in UkraineThe shipping industry has sent an urgent letter to the UN asking it to do more to help the foreign sailors and vessels still trapped in Ukraine after a year of war, amid risk of sea mines, threat of attacks and isolation. CNBC's Lori Ann LaRocco speaks with Guy Platten, secretary general of the International Chamber of Shipping.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInventory gluts are a new source of supply chain inflation hitting consumer pricesOverstocked inventory and the resulting lack of warehouse space are driving new inflation in the supply chain. CNBC's Lori Ann LaRocco reports on how shippers are adapting and how these costs will hit the consumer.
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