Market Moves: Supply Chain - Apr 4th, 2024
 
 
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April 4, 2024
From the Editor

Hello! Welcome back to Market Moves Supply Chain!

The global supply chain has been thrust into the spotlight yet again following the events of March. The collapse of Baltimore’s Francis Scott Key Bridge was a devastating incident and will continue to have international impacts across many industries.

On the second anniversary of the launch of the Freight Logistics Optimization Works initiative, the U.S. DOT began publishing data showing that supply chain improvements and reduced shipping costs have resulted in more than an 80% reduction in inflation in the U.S. economy. The U.S. government also addressed cybersecurity issues in ports, as they are particularly wary of Chinese information gathering through cranes and vessels.

The price tag for electrifying the U.S. commercial fleet has been revealed to be $1 trillion, with over $600 billion needed in infrastructure investments. Read on the hear trucking leaders’ perspectives on the new Phase 3 Greenhouse Gas Emissions Standards and how realistic the green initiative is.

—Tyler Fussner

 

The Port of Baltimore's vehicles terminals moved over 750,000 vehicles in 2022, Automotive Logistics reports.
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The collapse of Baltimore’s Francis Scott Key Bridge and other events that impacted the world’s supply chains in March.
Supply Chain Implications of Baltimore Bridge Collapse
The port serves as the main port of entry for imported cars into the East Coast.
The Key Bridge tragedy shows how vulnerability still exists for the supply chain.
Last week's Francis Scott Key Bridge collapse shows how trucking fleets need to prepare for unknown potential supply chain challenges.
A container ship caused the Francis Scott Key Bridge to collapse in the early morning on Tuesday.
The collapse of Francis Scott Key Bridge also caused the Port of Baltimore to shut down, suddenly closing the nation’s largest port for roll-on/roll-off cargo. Trucking operations are also forced to navigate travel restrictions around a major East Coast traffic area.
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Recent analysis shows that supply chain improvements and reduced shipping costs have resulted in more than 80% reduction in inflation in the U.S. economy.
Recent analysis shows that supply chain improvements and reduced shipping costs have resulted in more than 80% reduction in inflation in the U.S. economy.
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US also sees Chinese information gathering as a real threat.
Cost of Electrifying Commercial Truck Fleet at $1 Trillion
The charging infrastructure will cost $620 billion, according to a new survey from Clean Freight Coalition.
A heavy-duty Volvo VNR Electric truck charges in Hunts Point, New York, one of the most crowded trucking depot areas in the Northeast.
The new Phase 3 Greenhouse Gas Emissions wants 25%-40% of new heavy-duty trucks to be zero-emission by 2032 and even more medium-duty vehicles. Trucking industry groups are calling the rules unrealistic and too narrowly focused on batteries and hydrogen.
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Three supply chain professionals share their perspectives on the benefits of DEI programs and diversity when it comes to suppliers
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The European Council approved a new directive that creates legal liability for companies as it relates to supply chain environmental and human rights violations.

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