OPEC+ Curbs Spark 85% Rout in Oil Tanker Rates After Boom
The pull-back will likely offer some relief to the oil market, where long-haul arbitrage cargoes have had more difficulty due to elevated freight
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Boeing Closes In on Mega Ryanair Deal in 737 Max Endorsement
Ryanair previously topped up its order for the 737 Max 8 version with a special high-density configuration to a total of 210 aircraft.
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North American Distribution and Supply Chain Projects Decreased in April
Only 167 major new construction projects were planned for the North American distribution and supply chain sector in April 2023, a 19% drop
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Adapting Demand Forecasting for a Post-pandemic World
The growing role of artificial intelligence and machine learning have enabled retailers and CPGs to create forecasts that allow them to stay ahead
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CPKC and Teck Sign Steelmaking Coal Supply Chain Agreement
Canadian Pacific
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BlueNode Acquired by Everstream Analytics
The April 26 acquisition announcement aims to enhance Everstream's supply chain visibility efforts through the use of automation and data analysis.
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New Law Would Require Canadian Businesses to Provide Annual Reports on Forced Labor
If passed, the law would compel Canadian companies and governmental bodies to provide annual reports outlining their efforts to reduce the use of
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U.S. Rail Companies Grant Paid Sick Days After Public Pressure
For years, freight rail workers weren’t allowed to call in sick the morning of their shift. Full article -Source
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Expeditors Sued by Customer over Delays Caused by 2022 Cyberattack
IRobot is seeking $2.1 million for damages against Expeditors caused by shipping delays and lost business. Full article -Source
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Oil Tanker Seized by Iran Had Indian Crew, Says Operator
U.S. officials believe the seizure was a retaliation against a decision by the Department of Justice to force a tanker headed to China
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