M. Holland’s latest logistics outlook examines current challenges and industry trends that are impacting shipping, trucking and rail. Although the plastics industry is faring a little better than earlier this year, M. Holland’s experts predict disruption to continue well into 2023. Click here to read the full outlook for the remainder of 2022.
The U.S. Energy Secretary urged domestic oil refiners to prioritize building inventories over boosting exports, while warning that the administration could take emergency measures, as it already has on the gas-starved East Coast, to preserve supplies for peak hurricane season.
Some oil exporters are holding off on vessel bookings due to soaring charter rates for very large crude carriers.
Power prices are rising faster in West Virginia than the rest of the U.S. due to the state’s heavy reliance on coal, whose prices have shot up amid the global scramble for fuel supplies.
The French government is poised to roll out a heavily subsidized program providing electric-vehicle (EV) leases for just $100 a month, a response to concerns that high costs for EVs could slow their adoption.
Honda and LG will invest $4.4 billion in a joint venture to build electric vehicle batteries in the U.S.
China’s CATL is working on new battery materials that can improve energy density by up to 20% over current models, a potential breakthrough for electric-vehicle charging range.
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