U.S. gasoline barges were sent to Vancouver to help manage a fuel shortage caused by flooding and landslides two weeks ago. Lasting impacts from the severe weather have pushed up lumber futures 45% the past week.
U.S.-bound containerized imports rose an annual 2.7% in October to a record 2,995,176 TEUs, more than 20% higher than pre-pandemic levels.
Industrial metals prices rebounded several percentage points late last week on news that Chinese regulators would dial back crackdowns on the nation’s property markets, likely increasing demand for steel.
Germany’s new government wants to increase the nation’s freight rail transport by 25% and have at least 15 million electric vehicles on roads by 2030.
For a partial list of automotive disruptions caused by semiconductor and component shortages, clickhere.
Our Logistics team reports the following:
Bulk trucking capacity is very limited as demand is exceeding supply.
Dry van (full, partial and less-than-truckload) capacity is very limited as demand exceeds supply.
Port congestion continues to be very problematic, delaying deliveries of imported containers.
Packaging and pulverizing/grinding production challenges persist as demand is exceeding supply.
New York declared a state of emergency to expand hospital capacity ahead of an expected wave of new Omicron virus cases. New York City’s COVID-19 positivity rate has risen above 2% for the first time since September, causing the number of virus-related hospitalizations to jump 25% over the past two weeks.
Merck’s new COVID-19 antiviral pill was shown to be only 30% effective in preventing virus hospitalizations and deaths, a significant downgrade from previous estimates.
Health experts have largely settled on a six-month interval for getting COVID-19 boosters.
The latest data shows U.S. federal workers are more than 92% compliant with the White House’s COVID-19 vaccine mandate.
U.S. Armed Forces deaths from COVID-19 have fallen to zero after more than tripling the last several months, with officials crediting a 98.5% vaccination rate.
U.S. stock indices saw their worst day of 2021 on news of the COVID-19 Omicron variant, slumping more than 2.2% across the board on Friday. Shares of U.S. international airlines fell more than 8% on an expected reduction in travel, even as Thanksgiving travel volumes surged to their highest of the pandemic:
After in-store Black Friday shopping fell sharply the first year of the pandemic…
…early data show retail shopping on Thanksgiving weekend was up over 60% this year.
U.S. shoppers got an earlier start to the holiday season this year, with online spending rising 20% the first three weeks of November compared to 2020. Overall holiday spending is expected to rise 10.5% from last year’s record,
Japan joined a growing list of countries to close borders to foreign travelers due to the new COVID-19 Omicron variant. More than 80% of people in Japan plan to continue wearing masks in public after the pandemic ends, survey results show.
The EU will likely adopt a nine-month interval for the efficacy of COVID-19 vaccinations, after which a person must receive a booster to travel.
Industrial profit in China grew 24.6% in October from a year ago, the second month of double-digit increases.
The EU will grant $2.54 billion to Greece for meeting its target of 61% renewable energy consumption by 2030.
Nissan, an early pioneer in electric vehicles, will seek to regain its prominence by investing $17.6 billion to introduce 20 new models over the next five years.
At M. Holland
M. Holland’s 3D Printing group offers a rapid response alternative for producing selected parts where resin availability is tight during prevailing force majeure. For more information, email our 3D Printing team.
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