Nearly 3.6 million Texans remain without electricity in the fourth day of the energy crisis caused by Winter Storm Uri and persistent extreme cold weather. More than 7 million Texans are under orders to boil water after power outages robbed utilities of pumping capacity, causing pressure to drop to bacteria-spreading levels.
Another winter storm is beginning to blanket parts of the South with more snow and freezing rain, prolonging icy conditions in some areas that have been without power for days.
Texas is banning gas from leaving the state through Feb. 21 to ensure in-state power generators have adequate supplies, a move that some are calling a violation of the U.S. Constitution’s commerce clause. Mexico’s government requested the U.S. to guarantee gas supplies following the announcement.
Nearly 3,000 truck drivers in Myanmar have suspended operations due to the country’s recent military coup, causing disruptions in freight logistics in the region.
J.B. Hunt announced a partnership with Google to develop machine-learning models to make better matches between shippers and carriers alongside more accurate fuel and transportation costs.
German banks have fled the shipping industry because of its volatility, causing a 50% contraction in the number of German-owned oceangoing vessels over the past decade and concentrating the industry in bigger maritime powers such as China, Greece and Singapore.
We expect continuing logistics disruption in the U.S. from severe winter conditions blanketing much of the country.
Logistics conditions remain strained, with trucking demand exceeding availability and continued congestion at ports due in part to operating challenges related to the pandemic. Clients are advised to provide expanded lead times on orders to help ensure delivery dates.
There were 70,188 new COVID-19 cases in the U.S. yesterday and 2,459 fatalities.
Pfizer/BioNTech’s COVID-19 vaccine is effective against the virulent South Africa strain, new research shows.
In one of the first large-scale studies to assess vaccine performance in the real world, coronavirus infection rates were almost 90% lower in people who received two doses of Moderna’s or Pfizer/BioNTech’s COVID-19 vaccine.
The White House is spending $1.6 billion to ramp up COVID-19 testing and sequencing procedures ahead of expected waves of highly contagious variants in many regions.
COVID-19 testing demand could decline by as much as half this year, leaving many businesses that have scaled up the service facing a steep demand drop later in the year as more vaccines are rolled out.
First-time jobless claims in the U.S. took an unexpected jump last week to a four-week high, rising by 13,000 to 861,000. That makes the second week of rising claims after the Labor Department revised the prior week’s tally from a drop to an increase.
The latest round of stimulus checks boosted U.S. retail spending in January to its largest increase in seven months, jumping 5.3% from the month earlier.
Federal Reserve officials agreed at their January policy meeting that interest rates will be kept low and the central bank will continue bank bond purchases to help spur the economy.
The McKinsey Global Institute predicts 20% of business travel will not return and 20% of employees will operate remotely post pandemic, prompting concerns that many lost jobs are gone forever and calls for stepped up worker training.
U.S. agents seized 10 million counterfeit N95 face masks bearing the 3M logo in recent weeks, which likely spawned a false sense of security in many first-line responders and consumers.
Airbus returned to positive cash flow in the fourth quarter but expressed caution about the outlook for the aviation industry and aircraft orders in 2021.
Many startups are aiming to make e-commerce more sustainable, such as aggregating home deliveries in reusable totes, providing reusable plastic mailing boxes, making compostable packaging materials, and substituting algae-ink on shipping labels.
The Department of Defense has contracted with 3D printing company ExOne to build a fully contained additive manufacturing factory in a shipping container for portable deployment.
While South Africa has not yet authorized Johnson & Johnson’s COVID-19 vaccine for emergency use, the nation is already rolling out first doses after trials showed effective results against a homegrown virulent mutation.
Japan and Colombia both kicked off national COVID-19 vaccine campaigns Wednesday.
India will begin mandatory testing for people arriving from Brazil, South Africa and the U.K. over fears of new virus mutations creating another wave in the country.
Everyone in the 45,000-person Brazilian town of Serrana is set to receive a COVID-19 vaccine in coming weeks, part of the world’s first clinical study determining vaccine effects after every person in a location has received shots.
Pfizer is behind on 10 million COVID-19 vaccine deliveries to the European Union that were due in December, leaving the bloc about one-third short of the supply it had expected by this time.
Toyota and Honda are among the only automakers not expected to suffer large financial harm from the global semiconductor chip shortage.
One in four British businesses expect to fire staff if the government does not extend a job furlough program set to expire at the end of April.
Ontario’s new Electrical and Electronic Equipment (EEE) Regulation, which holds manufacturers and retailers responsible for recycling electronic products, is causing confusion since its Jan. 1 rollout.
Join us today at 1:00 p.m. CT for a webinar on 2021 Drivers and Trends for the North American Plastics Market, featuring Andrew Reynolds, Director of Business Publishing International (BPI); Ray Hufnagel, President and CEO at Plastic Express; Frank LaRocque, Director of Resale Sales at M. Holland; and Mike Foldvary, Director of Distribution Sourcing at M. Holland. Click here to register.
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We will provide further COVID-19 bulletins as circumstances dictate. For all COVID-19 updates and notices, please refer to the M. Holland website.
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