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The post Daily Infographic: Brent crude oil prices averaged $19 per barrel less in 2023 than 2022 appeared first on FreightWaves.
The post Daily Infographic: Brent crude oil prices averaged $19 per barrel less in 2023 than 2022 appeared first on FreightWaves.
This week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 30 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…
U.S. Customs and Border Protection resumed full commercial operations Thursday at an international bridge in Eagle Pass, Texas, as well as two Mexico crossings in Arizona. CBP said it also was reopening an international pedestrian border crossing in San Diego. An influx of migrants arriving in November along the U.S.-Mexico border prompted the agency to…
Maersk, the world’s second-largest ocean carrier, gambled that a U.S.-led military force, Operation Prosperity Guardian, would allow safe passage through the Red Sea. That gamble has failed. On Tuesday, Maersk said it will suspend Red Sea transits indefinitely and reroute ships around Africa’s Cape of Good Hope. The decision followed attacks on the container ship…
E-commerce platform Cart.com has achieved unicorn status following a $60 million Series C round of funding to push its valuation to $1.2 billion. Meanwhile, global supply chain-focused startups Nuvocargo and CargoBot recently secured $36.5 million and $6 million in funding, respectively. While the venture capital market has never been worse for some parts of the…
For the Insurance Council of New Jersey (ICNJ), a key word in the new law requiring minimum insurance coverage of $1.5 million for larger trucks is “umbrella.” Gary La Spisa, vice president at the ICNJ, which represents insurance providers, worked with legislators to craft the bill that makes the New Jersey requirement the highest in…
Cross-border freight flows have been increasing for years but interest around shipping from Mexico and Canada into and out of the United States has amplified since the pandemic. Many companies are rethinking their supply chains given issues sourcing product abroad, with some looking to bring manufacturing closer to end markets in North America. As this…