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Paul Brashier - 3 Brashier - 2 Lori Ann LaRocco - 2 Mike Blake - 1 ILWU - 1 standstills - 1 TTI - 1 Mario Cordero - 1
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Search resuls for: "Lori Ann Larocco"


25 mentions found


☆ Freight railroad alert raised to 'red' as shippers fear more West Coast port tensions
  + stars: | 2023-06-07 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +2 min
The slowdown in International Longshore and Warehouse Union work at West Coast ports has created a congestion contagion that is spreading to the freight railroads, with uncertain consequences for the supply chain. The West Coast ports, including Los Angeles and Long Beach, had seen an uptick in recent activity as labor talks progressed, taking back some volume from East Coast ports which had gained amid the labor tensions over the past year. That port processes less railroad freight compared to the ports of Los Angeles and Long Beach, which have been open with only certain terminals targeted for shutdowns. Brashier said there is concern that inland port intermodal (IPI) freight will be hit next. "Without a concrete resolution in sight, a lack of reliable communication from either party and the ILWU actions, shippers should stay vigilant and close to the situation on the West Coast as the situation remains extremely fluid," he said.
Persons: Paul Brashier, Brashier Organizations: ITS Logistics, Port, Rail, Los, Pacific Maritime Association, The Association of American Railroads, shutdowns Locations: West Coast, Los Angeles, Long, East Coast, U.S, Port, Oakland
☆ West Coast port labor issues continue as some Los Angeles-bound rail shipments get paused
  + stars: | 2023-06-06 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +3 min
Aerial view of containers and cargo ships at the Port of Los Angeles on Jan. 19, 2022 in San Pedro, California. Union Pacific is no longer accepting exports or empty containers at its Denver rail terminal destined for the Port of Los Angeles, a proactive move that reflects the supply chain issues that have arisen due to ongoing West Coast port labor issues. That is critical for food and agriculture shipments, where products can spoil — the U.S. agriculture industry uses the West Coast predominantly for its goods. The Port of Los Angeles is the nation's busiest port, processing $440 billion in cargo value per year. Berkshire Hathaway subsidiary BNSF and Union Pacific are the railroads servicing the West Coast ports.
Persons: Paul Brashier Organizations: Port, San Pedro , California ., San Pedro , California . Union Pacific, CNBC, Ocean, CMA, Pacific, Union Pacific, Berkshire Hathaway, BNSF, ITS Logistics, Pacific Maritime Association, Oakland, Truckers, Marine Services, Maersk Locations: Port of Los Angeles, San Pedro , California, San Pedro , California . Union, Denver, West Coast, Los Angeles, East Coast, Long, U.S, Seattle, OOCL, COSCO Shipping, Sealand, Evergreen
☆ West Coast port labor issues persist from Los Angeles to Seattle, with supply chain frustration mounting
  + stars: | 2023-06-05 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +4 min
A container ship is shown at the Port of Los Angeles in Los Angeles, California, November 22, 2021. Another Los Angeles Port terminal, Pacific Container Terminal (owned by SSA) announced Monday morning to truckers they would be closing the dayside shift on Tuesday. watch nowThe Port of Los Angeles, the nation's busiest port, processes $440 billion in cargo value per year. That market share has declined with more trade moving to the East Coast over the past year, at least partially due to labor issues on the West Coast that had supply chain managers worried about reliability of service. Recently, as the labor negotiations on the West Coast were said to have made progress, more trade started coming back.
Persons: Mike Blake, Paul Brashier, Brashier, ILWU Organizations: Port, Oakland, Logistics, CNBC, Marine Services, CMA, Maersk, Evergreen, ITS Logistics, Warehouse Union, Fenix Marine, Los Angeles Port, Container, SSA, Pacific Maritime Association Locations: Port of Los Angeles, Los Angeles , California, West, Los Angeles, Seattle, OOCL, COSCO Shipping, Sealand, West Coast, Port, East Coast, China, of Los Angeles, East, Long, Oakland
☆ Key port facilities face shutdowns amid potential contract standstills
  + stars: | 2023-06-05 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: 1 min
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
☆ Largest terminal at Long Beach, California port won't open Monday after getting hit by labor turmoil
  + stars: | 2023-06-04 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +1 min
The largest terminal operator at the Port of Long Beach and Seattle told truckers Sunday it will close for both the day and night shifts on Monday, according to an email obtained by CNBC. Ports and workers are locked in an unofficial dispute over wages, as well as safety, automation and pension benefits. TTI email to trucking clients of terminal closures Monday amidst labor turmoilThe notice was sent by Total Terminals International (TTI), the largest terminal in Long Beach and a unit of MSC. "Port of Long Beach cargo has been moving through the terminals and we do expect the commitment by the parties to continue and encourage the parties to put [a] full faith effort for a final resolution," said Mario Cordero, executive director of the Port of Long Beach. "To put it lightly, gate disruptions make it difficult for our members to plan and deploy truck capacity," said Schrap.
Persons: Mario Cordero, Matt Schrap, Longshoremen Organizations: Port, CNBC, Total Terminals, MSC, Harbor Trucking Association Locations: Port of Long Beach, Seattle, Long Beach, of Long Beach
☆ West Coast ports shut down as union workers 'no show' after breakdown in wage negotiations
  + stars: | 2023-06-02 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +2 min
West Coast ports are shutting down as union workers "no show" after a breakdown in negotiations with port management. A source close to the situation told CNBC the port shutdowns are expected to spread across the West Coast as a result of lack of sufficient labor as workers protest over wage negotiations in contract talks with port management. Two of the Oakland port marine terminals — SSA, its largest, and TraPac — were closed as of the morning shift on Friday, said Robert Bernardo, spokesman for the Port of Oakland. The stoppages come at a time when activity at West Coast ports had picked up again after losing volume to the East Coast ports due to concerns about the volatile labor situation. At the Port of Oakland, total container volume increased for two consecutive months, with port officials optimistic about the upswing.
Persons: TraPac, Robert Bernardo, Bryan Brandes, Peter Friedmann Organizations: CNBC, SSA, Port, Fenix Marine, Oakland Maritime, Agriculture Transportation Coalition Locations: Coast, Port, Oakland, West, Port of Oakland, Los Angeles, Port of Hueneme, West Coast, East, South Korea, China
☆ 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
☆ As back-to-school, holiday orders begin, this is what may be the new 'normal' in peak retail trade season
  + stars: | 2023-05-25 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +2 min
As peak retail trade order season nears — July is the official start of the back-to-school and holiday order inventory build that runs through October — executives in the shipping industry are keeping a watchful eye on order activity. Holiday orders are traditionally imported starting in August, with the manufacturing orders for these items made by retailers as much as six months in advance. Still, category by category, demand levels vary. SEKO executives said they are seeing consumers trade down in the product, but as far as which categories will be the big winners this peak season, it's too soon to know. "The pig in the python has yet to go through when it relates to inventory" said Hans Hickler, president of Americas for SEKO Logistics.
Persons: James Gagne, Gagne, it's, Hans Hickler Organizations: Federal, SEKO Logistics Locations: U.S
☆ Companies are betting on a demand rebound in second half of year, DHL says
  + stars: | 2023-05-11 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +6 min
That marks the second consecutive month that U.S. imports increased and are higher than 2019 levels, according to data provided to CNBC from Descartes Datamyne, a global trade data platform. The combination of a slow ramp up from "Zero Covid" in China and the reopening of manufacturing plants in the country delayed exports. The top Vietnamese imports in the latest data are wrought iron fencing and plant stands, imported for companies including Home Depot. Black jewelry bags for Zales and men's and boy's t-shirts for Nike rounded out the list of U.S. imports data from China, Vietnam, Thailand, and India reviewed by CNBC. In April, the trade data shows that vitamins and containers of pencils were bound from India to Walmart , and zip polos and t-shirts for Guess .
☆ Where the trucking and rail recession is showing up in the economic data
  + stars: | 2023-04-28 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +6 min
The decrease negatively impacts earnings for both trucking and rail where revenue is generated by moving freight. Ocean freight orders are a leading indicator of train and trucking earnings since 90% of the world's trade moves by water. This is one of three key supply chain charts that are signaling more financial potholes for trucking and rail companies. West Coast ports have been losing trade to both the East Coast ports and Gulf ports as a result of prolonged labor negotiations, though union representatives indicated last week a "tentative agreement" had been reached, but no details were provided. Trucking is needed for both container pick up at the ocean terminals and rail ramps.
☆ CNBC supply chain survey: 36 percent think inventories will normalize in second half of 2023
  + stars: | 2023-04-06 | 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 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.
☆ Inflation's inventory gluts are here to stay and will hit the bottom line in weaker economy: CNBC Supply Chain Survey
  + stars: | 2023-04-05 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +6 min
But uncertainty about inventory management is significant, with almost one-quarter (23%) of supply chain managers saying they are not sure when gluts will be worked off. The supply chain pressures will be among the factors that weigh on quarterly numbers. Manufacturing orders and the economic outlook Recent data on manufacturing has shown a deterioration in the economy, with the ISM Manufacturing index in contraction level based on March data released this week. "This survey confirms that we remain in an era of serious supply chain cost-to-serve challenges," Baxa said. FreightWaves and ITS Logistics are CNBC Supply Chain Heat Map data providers.
☆ Cargo theft, led by food and beverage, is surging across the US
  + stars: | 2023-03-25 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +3 min
1 on the list of products being targeted by freight thieves who are increasing their criminal activity across the national supply chain. While household goods and electronics are still high on the list of cargo thieves, "Now, we're starting to see food and beverage commodities pull up front," Cornell said. Zoom In Icon Arrows pointing outwardsAccording to CargoNet's latest theft report through February, there was an almost 50% increase year over year in beverage and food cargo theft. According to the FBI, cargo theft is estimated to cost trucking companies and retailers at least $15 billion to $30 billion a year. Cities that are seeing a spike in freight theft include Los Angeles, Houston, Miami, Savannah, Newark, New Jersey, Memphis and Chicago.
☆ Freight thieves are a growing problem inside the US supply chain
  + stars: | 2023-03-25 | by ( Lori Ann Larocco | Sara Lindsay | ) www.cnbc.com   time to read: 1 min
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 reaches new paid sick leave deal as it contends with derailment fallout
  + stars: | 2023-03-15 | by ( Noah Sheidlower | ) www.cnbc.com   time to read: +2 min
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.
☆ Consumers spend billions on frozen food. Freezer technology needs to get a lot better
  + stars: | 2023-03-09 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +1 min
One of the changes in consumer behavior during the pandemic that is sticking is frozen food purchasing. According to the American Frozen Food Institute, the supermarket frozen food department was one of the biggest generators of sales growth in 2022, with a whopping $72.2 billion spent. All of that food — frozen seafood, processed meat, snacks, and ice cream are just some of the items — has to maintain proper temperature throughout a long cold-chain storage pipeline before reaching the home. But this refrigeration technology, critical to the food supply, is often outdated, especially in an era of advanced semiconducting applications across electronics. The company leases these reusable totes to grocery stores and retailers, which can use them to bifurcate a payload into three independent temperature zones.
☆ Why calls for rail reform and improved train safety are coming up against a big potential roadblock
  + stars: | 2023-03-09 | 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 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.
☆ How Phononic is bringing the supermarket freezer into the semiconductor era
  + stars: | 2023-03-09 | by ( Sara Lindsay | Lori Ann Larocco | ) www.cnbc.com   time to read: 1 min
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.
☆ Union warns it has been left without enough workers to install new rail safety measures
  + stars: | 2023-03-08 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +5 min
"Adding 1,000 more wayside detectors will create more work in the craft," said Michael Baldwin, president of the Brotherhood of Railroad Signalmen. There is no federal mandate for detectors, including the hot box detector, to be inspected. "Norfolk Southern has hired and trained more than 150 new signal employees, and we continue to hire. We are committed to the safety and integrity of our defect detectors," said Connor Spielmaker, Norfolk Southern spokesman. Total Class I freight rail employment in January 2023 was 119,245, up 6.7% (7,491 employees) over January 2022.
☆ Norfolk Southern makes broad safety adjustments after third train derailment
  + stars: | 2023-03-06 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +3 min
An internal Norfolk Southern email sent Sunday and obtained by CNBC with a time stamp approximately 11 hours after the latest derailment indicated that Norfolk Southern was planning to reduce train length in an effort to prevent future incidents. Sources tell CNBC the email was given to Norfolk Southern yard managers, who are union workers in charge of stacking the trains. Norfolk Southern told CNBC other railroad carriers currently have this safety practice in place. "At Norfolk Southern, the safety of our crews and the communities we serve comes first," Connor Spielmaker, spokesman for Norfolk Southern, wrote via email. Norfolk Southern told CNBC it is actively reviewing all safety protocols to make sure trains are operating appropriately across the network.
☆ One of the world's top players in global trade weighs in on supply chain and inflationary pressures
  + stars: | 2023-03-02 | 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 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.
☆ Rail unions tell Biden officials workers have fallen ill at Norfolk Southern derailment site
  + stars: | 2023-03-01 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +2 min
Pete Buttigieg, US transportation secretary, speaks during a news conference near the site of the Norfolk Southern train derailment in East Palestine, Ohio, US, on Thursday, Feb. 23, 2023. The presidents of U.S. railroad unions told Biden administration officials that rail workers have fallen ill at the Norfolk Southern derailment site in East Palestine, Ohio, in a push for more train safety. The meeting comes on the heels of letters sent to both the DOT and the FRA Wednesday in which union representations claimed rail workers had gotten sick at the derailment site. According to the letter, Norfolk Southern rail workers who have worked or continue to work the cleanup site have reported experiencing "migraines and nausea." One worker reportedly asked his supervisor to be transferred off the derailment site because of his symptoms, but never heard back from his supervisor and was left at the job site.
☆ 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.
☆ Shipper MSC, barometer of global trade, is predicting a rebound
  + stars: | 2023-03-01 | by ( Lori Ann Larocco | Sara Lindsay | ) www.cnbc.com   time to read: 1 min
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.
☆ How small, diverse, and female-led e-commerce businesses are finding warehouse space
  + stars: | 2023-02-27 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +1 min
There are roughly 718,000 direct-to-consumer e-commerce merchants in the U.S. with less than $5 million in annualized revenue, and growing at roughly 15% per year. That's the target customer of flex warehouse (also known as co-warehousing) company Saltbox, which tells CNBC it is seeing continued growth in warehouse demand from small and medium-size businesses. "E-commerce is the predominant driver of this demand," said Tyler Scriven, CEO and co-founder of Saltbox. "Our economy is increasingly driven by logistics, our retail economy in particular, and that works in the favor of large companies," Scriven said. Warehouse demand is far outpacing supply in the current market and driving up prices.
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