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Search resuls for: "Felixstowe"


12 mentions found


☆ Microsoft, CrowdStrike IT outage hits global supply chain, with air freight facing days or weeks to recover
  + stars: | 2024-07-19 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +8 min
The new issue for the global supply chain comes amid a rise in global demand, with shipments up 13% year-over-year in June. Air freight supply has increased, but only by 3% year-on-year, already causing higher costs for shippers due to the limited capacity, according to Xeneta. Thousands of flights were grounded or delayed at the world's largest air freight hubs in Europe, Asia and North America. "This is a reminder of how vulnerable our ocean and air supply chains are to IT failure." Ports, freight rails, report some issues, but normal operationsMost rails and ports were faring better after some early morning disruptions.
Persons: Buttigieg, Pete Buttigieg, van de Wouw, Niall van de Wouw, Xeneta, Berkshire Hathaway, Mario Cordero, Bethann Rooney, Emily Stausbøll, Stausbøll, Kpler, Matt Wright Organizations: U.S . Department of Transportation, Transportation, CNBC, Air, Microsoft, FedEx, UPS, Union Pacific, Pacific, CSX, Norfolk, BNSF, APM, Maersk, Port Authority, Port Authority of New, Port, U.S ., Harbour Master Locations: New York, U.S, China, Europe, Asia, North America, Norfolk Southern, Berkshire, Port, Houston, Los Angeles, of Long Beach, New Jersey, Port Authority of New York, Savannah, Virginia, Charleston Port, U.S . East Coast, Maritime, Gdansk, Dover, Felixstowe, Liverpool, Rotterdam
☆ Bankrupt Bed Bath & Beyond Seeks Millions From Ocean Carriers
  + stars: | 2023-05-02 | by ( Paul Berger | ) www.wsj.com   time to read: 1 min
The Orient Overseas Container Line’s Hong Kong container ship sits anchored dockside in Felixstowe, U.K. Photo: Chris Ratcliffe/Bloomberg NewsBankrupt retailer Bed Bath & Beyond is seeking tens of millions of dollars from container shipping lines, claiming the carriers willfully abandoned service commitments at the height of supply-chain turbulence to reap enormous profits from the market turmoil. The home-goods retailer says in a complaint filed with U.S. maritime regulators that Hong Kong-based Orient Overseas Container Line pursued “brazen price gouging and profiteering” that cost Bed Bath & Beyond $31.7 million in extra freight charges, along with additional costs and lost profits.
☆ MSC, world's biggest shipping company and U.S.-China trade bellwether, isn't talking like a recession is coming for economy
  + stars: | 2023-03-01 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +5 min
"The return post-Chinese New Year has been positive," Toft said. SONAR FreightWaves data shows the slow pick up in global freight orders post-Chinese New Year. Ocean freight rates, which were the largest inflationary pressure on products, have dropped sharply back to pre-pandemic levels. Rejections for ocean freight have increased, which means containers filled with product for the current or upcoming season are delayed. At a time when ocean carriers are increasingly canceling sailings because of the decrease in ocean freight orders, MSC has responded by increasing the size of its fleet.
☆ From Teslas to BMWs, cars are piling up on land and at sea in German port of Bremerhaven
  + stars: | 2022-11-07 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +4 min
Krisztian Bocsi | Bloomberg | Getty ImagesThe Port of Bremerhaven, the main roll on/roll off port in Germany and one of the largest automobile hubs in the world, is experiencing gridlock. He said car imports into Bremerhaven from the U.S. and Mexico are operating on a timeline of months. Bremerhaven is Europe's fourth-largest containership port, with annual capacity over 5 million TEU [twenty-foot equivalent unit] containers. Another UK strike nearsAt the Port of Liverpool in the U.K., a fourth strike is set for November 14-21 if no deal with port management is reached. Braun told CNBC that since these strikes are well organized there is time in advance to plan and circumvent the port, diverting trade elsewhere.
☆ Second strike at Liverpool to add to European port congestion, slow product delivery
  + stars: | 2022-10-10 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +4 min
A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. Bloomberg | Bloomberg | Getty ImagesLogistics experts are warning another strike set at the Port of Liverpool for Tuesday will only add to the existing delays in product delivery caused by the prior strikes at Felixstowe and Liverpool. Dockworkers in Liverpool, a significant U.K. port and a port where the U.S. is the No. Trade productivity at Felixstowe, the U.K.'s largest container port, and Liverpool have suffered as a result of various labor strikes since August. Braun told CNBC that the disruptions of past strikes and the upcoming Liverpool strike will unquestionably aggravate the existing congestion.
☆ A new wave of UK port labor strikes begins, with 'massive impact' for Christmas supply chain
  + stars: | 2022-09-28 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +6 min
A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. The shop stewards who represent union workers accepted Peel Ports request for a meeting at the union office on Tuesday. Supply chain impact from second round of U.K. strikesThe latest development comes amid mounting labor issues linked to inflation at U.K. ports, with workers at the nation's largest port, Felixstowe, beginning another strike this week after one in August. "Unite made it clear that until they have reached their goals these waves of strikes will continue which will have a massive impact on the Christmas business and supply." The CNBC Supply Chain Heat Map shows the present situation at the ports.
☆ Workers strike again at UK's largest port Felixstowe in threat to holiday shipments
  + stars: | 2022-09-27 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +4 min
The dockworkers at Felixstowe, the largest port in the UK, have started an eight-day strike in protest over their wages and inflation, overlapping with an ongoing strike at Port of Liverpool. Together, the two port strikes threaten imports and exports across industries —much bound for the U.S. — during a critical ramp up in the holiday shipping season. The combined value of weekly trade that moves out of the ports of Felixstowe and Liverpool, according to MDS Transmodal, is nearly $7 billion. The Port said in a statement Tuesday that it was "very disappointed that Unite has announced this further strike action. "This time, it's more likely that supply chains will be under pressure and trade could be affected by the overlapping Liverpool strike," warned Brazil.
☆ Freight Labor Unrest Is Going Global and Weighing on Supply Chains
  + stars: | 2022-09-21 | by ( Paul Berger | Liz Young | ) www.wsj.com   time to read: +7 min
Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. The Biden administration narrowly avoided a systemwide freight rail shutdown last week after brokering a last-minute deal between railroads and unions. The Biden administration narrowly avoided a systemwide freight rail shutdown last week after brokering a last-minute deal between railroads and unions. The labor concerns have grown as some of the broader pandemic-driven upheaval in supply chains, including factory closures and vessel backlogs at ports, have eased.
☆ Freight Labor Unrest is Going Global and Weighing on Supply Chains
  + stars: | 2022-09-21 | by ( Paul Berger | Liz Young | ) www.wsj.com   time to read: +7 min
Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. The Biden administration narrowly avoided a systemwide freight rail shutdown last week after brokering a last-minute deal between railroads and unions. The Biden administration narrowly avoided a systemwide freight rail shutdown last week after brokering a last-minute deal between railroads and unions. The labor concerns have grown as some of the broader pandemic-driven upheaval in supply chains, including factory closures and vessel backlogs at ports, have eased.
☆ UK dock worker strikes to hit supply chains for companies including Ford
  + stars: | 2022-09-20 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +3 min
A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. This eight-day strike overlaps with a second strike at the UK's largest container port, the Port of Felixstowe, set to begin on Sunday. With multinational companies including Ford — which on Monday warned of a significant cost increase from supply chain pressures — exporting from the UK, the continuing labor strife will stress an already congested European port network. Ford is one of thousands of companies that use both the UK ports and the ports in Germany, Belgium, and Netherlands to export auto parts. According to FreightWaves SONAR data, the Port of New York and New Jersey receives 30 percent of all UK exports.
☆ Hundreds of Liverpool dockworkers begin two-week strike over pay
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterA general view of stacked shipping containers at Peel Ports Liverpool docks in Liverpool, Britain, October 20, 2021. The Liverpool strike from Sept. 19 to Oct. 3, which was announced earlier this month, will overlap a second walkout by workers at Felixstowe, Britain's top container port, which starts on Sept. 27. More than 560 port operatives and maintenance engineers employed by Mersey Docks and Harbour Company (MDHC) are striking in Liverpool over a pay rise equating to about 8.3%, Unite said. The union's pay rise demands equate to about 20%, it added. Unite's Liverpool port workers are also striking over MDHC's failure to honour the 2021 pay agreement, the union said in its statement.
☆ Strikes could bring UK railway to a standstill as truce ends
  + stars: | 2022-09-20 | by ( Anna Cooban Arnaud Siad | Anna Cooban | Arnaud Siad | ) edition.cnn.com   time to read: +3 min
Now, one day after the monarch’s funeral, strikes are back on as workers press their claims for better pay and conditions and annual inflation hovers around 10%. More strikes could be on the way this fall, threatening unprecedented disruption across a range of industries. Teachers, doctors and nurses are set to vote on strike action in the coming weeks. The walkout will overlap with strike action by hundreds of dockworkers at the Port of Liverpool, another key UK trade hub. Last week, the country narrowly averted a rail strike by more than 50,000 workers after unions and railroad companies came to a tentative deal over pay.
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