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☆ Saltbox CEO Tyler Scriven on the massive, untapped small business logistics market
▼ + stars: | 2023-02-27 | 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 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.

☆ Surrounded by sea mines, low on supplies: The sailors, ships still stranded in Ukraine one war-year later
▼ + stars: | 2023-02-22 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +1 min

For the last year, since the start of the war with Russia, 331 seafarers and 61 ships have been trapped in Ukrainian ports, and calls for their expedited release are intensifying. The ICS, which represents 80% of all global vessels, tells CNBC this is a safety and security issue for the stranded vessels and crews. "Many of the ports are far too dangerous for the ships," said Guy Platten, secretary general of the ICS. We've had ships that have been damaged as well." But ICS is concerned about the safety and health of the remaining 331 seafarers since supplies are very low and they have not been on land in almost a year.

☆ The effort to free 331 sailors, 61 vessels trapped for a year in Ukraine
▼ + stars: | 2023-02-22 | 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 EmailThe effort to free 331 sailors, 61 vessels trapped for a year in UkraineCNBC Senior Editor Lori Ann LaRocco reports on the shipping industry's urgent pleas to the UN to help release more than 300 foreign sailors trapped on 61 vessels in Ukraine since the start of war with Russia.

☆ 'Can't be forgotten': The sailors, ships stuck in Ukraine for a year
▼ + stars: | 2023-02-22 | 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 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.

☆ Inventory gluts are a new source of supply chain inflation hitting consumer prices
▼ + stars: | 2023-02-16 | 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 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.

☆ The US, China spy balloon tensions are drifting into politics of the supply chain
▼ + stars: | 2023-02-14 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. The tensions between the U.S. and China over alleged spy balloons shot down over North America have some of the top trade associations representing companies reliant on Chinese manufacturing to urge their members to diversify their supply chains. "The ongoing tensions with the U.S.-China trade relationship continue to highlight the need for supply chain diversification," said Jon Gold, vice president of supply chain and customs policy of the National Retail Federation. Mark Baxa, president and CEO of the Council of Supply Chain Management Professionals, told CNBC that the trade group's members have been pursuing redundancies in their supply chain since the start of tariffs as a way to offset the risk of ongoing trade policy tensions. "Supply chain leaders are seeking lower risk and a better means to serve the U.S. by looking and moving to Canada and Mexico.

☆ There’s a new inflation warning for consumers coming from the supply chain
▼ + stars: | 2023-02-13 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

While many sources of supply chain inflation that stoked higher goods prices have come down sharply, including ocean freight rates and transportation fuels, bloated inventories due to a lack of consumer demand are sustaining upward pressure on warehouse rates. "But inflationary pressures remain where demand outpaces supply in 2023, including in warehousing through most of the United States, domestic parcel and labor." One reason for the imbalance between warehouse supply and demand is lack of new facilities coming into the market. The Fed is now more focused on services inflation, in particular labor prices, as it expects the pressure in goods inflation to remain downward. But the logistics issues suggest that there will be some elements of sticky inflation on the goods side of the equation.

☆ Bernie Sanders, White House pressure railroads on paid sick leave for union workers
▼ + stars: | 2023-02-09 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

a member of the committee, demanded railroad carriers offer workers at least seven paid sick days. "If they think that those [Senate members] who voted for seven days sick pay that they forgot, they got it wrong. A House amendment that guaranteed comprehensive sick leave passed the House but failed in the Senate. After the vote, Sanders and more than 70 members sent a letter to President Joe Biden urging his administration to take action to guarantee paid sick days for rail workers. The failed vote on paid sick leave led union leaders to remind politicians that votes have election consequences.

☆ Lunar New Year celebrations could disrupt supply chain operations in China
▼ + stars: | 2023-01-27 | 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 EmailLunar New Year celebrations could disrupt supply chain operations in ChinaCNBC's Lori Ann LaRocco discuses the Lunar New Year's potential threat to U.S. freight and manufacturing industry.

☆ Another Covid surge in China is the global supply chain's biggest fear, but it may be overstated
▼ + stars: | 2023-01-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

watch nowAnother wave of Covid infections in China is the biggest fear for supply chain managers, but those whose companies were impacted by the first pandemic wave are optimistic the impact will be short-lived. Reduction in workforce is a major factor in the CNBC Supply Chain Heat Map for China, with heavy congestion at the ports. ContainerX, a major platform for container logistics, said its data shows 73% of supply chain officials expect a disruption after Lunar New Year. One of the biggest lessons learned during the pandemic by manufacturers and supply chain executives was to understand tier two, three, and four suppliers at a deeper level. CNBC's Supply Chain Heat Map shows how the weaker global economic conditions are influencing U.S.- China shipping routes.

☆ Infinite Electronics COO David Collier on the Covid outlook in China and global supply chain
▼ + stars: | 2023-01-27 | 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 EmailInfinite Electronics COO David Collier on the Covid outlook in China and global supply chainInfinite Electronics COO David Collier joins CNBC's Lori Ann LaRocco to discuss the company's recent acquisitions, Covid outbreaks in Chinese manufacturing plants and recent shifts in the global supply chain.

☆ Port of New York shatters trade record, but latest shipping data hints at California comeback
▼ + stars: | 2023-01-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Containers sit at the GCT New York container terminal on Staten Island on October 20, 2022, in New York City. The Port of Long Beach moved 9.13 million TEUs last year. "These 9.5 million TEUs is more than 27% of 2019 levels," said Bethann Rooney, port director of the Port of New York and New Jersey. "This is not sustainable if we are going to handle 14 million TEUs in the not too distant future," she said. If they have stability on the West Coast, it doesn't really make sense to spend the extra two weeks crossing to go to the East Coast.

☆ Holiday retail sales tanked, but trucking data shows e-commerce wasn't the issue
▼ + stars: | 2023-01-18 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +1 min

The market did not like what it saw from the final retail holiday sales numbers for 2022 which sets up a tough year for retailers, but e-commerce is continuing to boom, including in areas outside the core retail consumer. Trucking data shared by DHL with CNBC shows that while the core consumer market has pulled back, in many categories e-commerce sales remain strong. "E-commerce is continuing to boom," said Jim Monkmeyer, president of transportation for DHL Supply Chain, North America. Amid weak holiday sales year over year, it was online and nonstore sales that saw the biggest year-over-year gains, jumping 9.5% during the holiday season, according to the National Retail Federation data released on Wednesday. But Monkmeyer said DHL is seeing a continued downturn of the core retail consumer, with the near-record inventories a stark reminder of the pullback.

☆ DHL Supply Chain's Jim Monkmeyer on current logistics trends and the future of freight
▼ + stars: | 2023-01-18 | 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 EmailDHL Supply Chain's Jim Monkmeyer on current logistics trends and the future of freightCNBC's Lori Ann LaRocco joins DHL Supply Chain President of Transportation Jim Monkmeyer to discuss current ocean freight trends, consumer confidence, a recent boom in e-commerce and the future digitalization of trucking.

☆ Four troubling global trade trends flashing consumer weakness for a market already fearing recession
▼ + stars: | 2023-01-13 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

The flow of trade is a real-time and forward-looking indicator of consumer spending and the economy because it shows supply, demand, and consumption. 1: Warehouse inventory and ratesWarehouse inventory is a good indicator of the health of the consumer because it gauges how much product is sitting in storage. The more product sitting in storage, the more it takes up valuable space and increases the price of storage. "Based on the inventory, we see more consumers purchased online rather than in-store," said Jordan Brunk, chief marketing officer of WarehouseQuote.com. "We had more e-commerce inventory from the warehouse than inventory heading to the brick-and-mortar stores."

☆ What the latest warehouse data is signaling about inflation and the economy
▼ + stars: | 2023-01-12 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +1 min

National warehouse storage rates remain elevated, but the prices did not rise quarter over quarter in Q4 2022, according to WarehouseQuote's just-released Warehouse Pricing Index report. "Rates remain at these levels as a result of warehouse inventories not coming down significantly in November and December," said Jordan Brunk, chief marketing officer of WarehouseQuote. Even as supply chain inflation slows, warehouse rates are high because there is a lot of inventory, which leaves less available space. Historic inventory levels occurred last year as companies brought in a lot of supply thinking the consumer would continue to buy. As a result, inventory builds have dropped, "but we still have a ways to go before reaching 'normal' inventory levels," WarehouseQuote said in the report.

☆ WarehouseQuote's Jordan Brunk on recent warehouse data and 2023 supply chain expectations
▼ + stars: | 2023-01-12 | 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 EmailWarehouseQuote's Jordan Brunk on recent warehouse data and 2023 supply chain expectationsCNBC's Lori Ann LaRocco joins WarehouseQuote's CMO Jordan Brunk to discuss the company's first quarter outlook for 2023.

☆ China's new Covid surge is crippling the world's most important factories and biggest ports
▼ + stars: | 2023-01-05 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

CFOTO | Future Publishing | Getty ImagesThe surge in Covid-19 cases in China is impacting the completion of manufacturing orders, according to CNBC Supply Chain Heat Map data. "The container pickup, loading, and drayage (trucking) are also affected as all businesses are facing the impacts of COVID. Three major ports across China are experiencing supply chain delivery problems because of Covid, according to the note. "The booking cancellation is increasing as many factories can't operate properly due to a lot of workers getting invested with Covid," the report said. As a result of the Covid impact on trucking, MarineTraffic is seeing a slowdown in port productivity in Shanghai.

☆ Some supply chain managers are wary of shifting trade back to West Coast ports
▼ + stars: | 2023-01-03 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Mario Tama | Getty ImagesNearly a third of logistics managers at major companies and trade groups say they do not know how much trade they would return to the West Coast once an International Longshore and Warehouse Union, or ILWU, labor deal is reached, according to CNBC's supply chain survey. Of those surveyed, 49% said they did not divert trade, compared to 40% who said they did. Zoom In Icon Arrows pointing outwardsOver half of those respondents told CNBC the main reason for moving trade away from the West Coast was the threat of an ILWU strike. About 40% cited both California's AB5 "gig worker" law, which concerns the employment status of drivers, and rail delays. Zoom In Icon Arrows pointing outwardsNegotiations between the ILWU and their employer, the Pacific Maritime Association, have been ongoing since May 10.

☆ Most supply chain managers expect problems to continue at least through 2024
▼ + stars: | 2022-12-23 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

The dour outlook comes after almost three years of global supply chain problems, which began with the shutdown of Wuhan, China, where the Covid outbreak began. Jon Gold, vice president of supply chain and customs policy of the NRF, said the administration has taken steps to address the supply chain challenges. Earlier this year, for example, the administration rolled out a pilot supply chain data sharing program called Freight Logistics Optimization Works, or FLOW. "The administration needs to remain focused and continue to convene the right supply chain stakeholders to discuss ways to improve supply chain operations and expand data sharing to create a truly 21st century supply chain," Gold said. Nate Herman, AAFA's senior vice president, of policy told CNBC the problems that created the supply chain crisis are far from over.

☆ CNBC Supply Chain Survey: 61% percent say supply chain still not 'normal'
▼ + stars: | 2022-12-23 | 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: 61% percent say supply chain still not 'normal'CNBC's Lori Ann Larocco joins CNBC's "Power Lunch" to discuss a new CNBC Survey that details how supply chain executives feels about the state of the U.S. supply chain.

☆ Union Pacific pauses use of controversial freight rail embargoes
▼ + stars: | 2022-12-16 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

In a letter addressed to STB chairman Martin Oberman and sent to the STB on Friday by Fritz, the Union Pacific CEO stated, "We are taking a hard look at our use of congestion-related embargoes. Union Pacific carries nearly 27% of freight served by rail and nearly 11% of all long-distance freight volume. Unions have said that even as major freight rail companies add workers, the data supplied to STB on hiring is masking a longer-term trend of labor attrition. According to a Union Pacific spokesperson, total craft hiring was 27,753 in October 2022 compared to 32,315 in October 2019. Union membership data shows employment on all of the Class I rails, including Union Pacific, is down from just before the start of the pandemic and even down between October 2021 and October 2022.

☆ East Coast ports including New York are winning a domestic trade war at the expense of California
▼ + stars: | 2022-12-15 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

According to ITS Logistics which monitors rail cargo trends, the volume of freight moving out of the East Coast doubles that of the West Coast. East Coast ports making major investments East Coast ports like Georgia, Virginia and Maryland have been increasing their investment to accommodate the increase in rail capacity. "CSX continues to see the East Coast ports as a growth opportunity as volumes shift from congested West coast gateways," said Cindy Schild, CSX spokesperson. West Coast port declinewatch nowCargo volumes on the West Coast remained soft at the Port of Los Angeles in November, which saw a 21% decrease year over year in volumes. While the East Coast gains are significant, there was a "leveling" off of imports detected on the East Coast in November, according to port TEU data from the CNBC Supply Chain Heat Map.

☆ Turkey is stopping oil not under Russian sanctions, raising global energy market supply concerns
▼ + stars: | 2022-12-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Cargo ships and vessels transit the Bosphorus Strait, a body of water connecting the Black Sea to the Marmara and Mediterranean Seas through Istanbul, Turkey. Above, the Russia-flagged vessel Volga River Taganrog oil tanker passes south through the Bosphorus Straits in October 2022. "It appears that all but one of the roughly twenty loaded crude tankers waiting to cross the straits are carrying Kazakh-origin oil," a price cap official told CNBC. If delays mount, refiners will seek alternative supplies from other countries or they will reduce operating capacity because they don't have enough oil, which impacts the supply of gasoline and diesel, said Andrew Lipow, president of Lipow Oil Associates. "If this continues for another week we will begin to see an impact on the oil market," Lipow said.

☆ EU sanctions, Russian oil price cap cause tanker bottleneck as crude moves through Turkey
▼ + stars: | 2022-12-07 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Buddhika Weerasinghe | Bloomberg | Getty ImagesNew Turkish insurance rules on oil tankers carrying Russian crude continue to slow down the movement of tankers off the coast of Turkey and between Russia's Black Sea ports and the Mediterranean. Sixteen vessels (none Russian-flagged) are waiting for insurance clearance, according to MarineTraffic, and that number is expected to grow. Zoom In Icon Arrows pointing outwards"The majority of crude is going to Turkey, followed by Greece, Italy, and India," Ashiq said. Andy Lipow, president of Lipow Oil Associates, tells CNBC that concerns about the age and quality of the shadow fleet carrying Russian crude oil through the Bosphorus will only grow. "As the EU sanctions take hold, these transit delays will impact Chinese and Indian refiners who remain the largest and grow in importance for Russian oil sales," Lipow said.

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