Point Global Logistics News of the Week — 11.5.21
Fuel Prices, Driver Shortage Cloud forecast for Heavy-Haul Transport
Infrastructure, power generation, and energy projects getting under way across the US suggest busy roads are ahead for heavy-haul trucking, but rising fuel prices and driver shortages could complicate the picture.
Source: Journal of Commerce
Supply Chain Latest: U.S. Ship Logjam Sees Bigger Ships Extend Wait
The logjam of U.S. imports stacked on ships off the coast of Los Angeles isn’t just getting longer. It’s getting wider.
Of the 77 container vessels waiting as of Tuesday for berth space at the ports of L.A. and Long Beach, 23 had room to carry more than 10,000 containers measured in 20-foot equivalent units, or TEUs, according to data from the Marine Exchange of Southern California & Vessel Traffic Service Los Angeles and Long Beach.
Source: Bloomberg News
U.S. Trade Deficit Hits Fresh Record on Goods Demand, Higher Inflation
The U.S. trade deficit widened in September to a record $80.9 billion, driven by climbing demand for capital goods like computers and electric equipment and industrial supplies that have been soaring in cost as global supply chains remain snarled.
Source: Wall Street Journal