Maersk said that it has added about 6% more vessel capacity to its schedule to keep the flow of trade moving, further adding to the company’s operational costs.

Respondents expressed optimism in the economy, and more than 50% say they’ve seen a “greater focus and understanding of supply chains” from those in the C-Suite.

An industry expert from a Californian freight forwarding company said they anticipate organizations will have to deal with equipment shortages due to vessels being rerouted away from the Red Sea.

The federal government asked about shortages of generic drugs and whether groups that purchase quantities in bulk are contributing to the problem.

Energy Secretary Jennifer Granholm said that the U.S. is currently updating its laws, including a 150-year-old mining regulation, to ensure the “sustainable and efficient” extraction of critical minerals.

Uber and Lyft drivers are holding daylong strikes in Chicago, Philadelphia, Pittsburgh, Miami, Orlando, Austin, Newark and several other cities.

Dimerco said that ocean shippers in the APAC region should anticipate rates to increase for vessels going to the U.S. and Europe.

DHL plans on opening five more warehouse facilities in the U.S. by the end of 2024 to meet its customers' life sciences and healthcare needs.

The Organization of Petroleum Exporting Countries and its allies pledged significant output curbs this quarter in a bid to avert a surplus and shore up global prices.

CDL 1000 founder Andrew Sobko said that this acquisition, as well as the company’s purchase of Hickory Transportation Services in November, will allow the organization to expand its services nationwide.