Diesel prices should remain elevated through 2024, as oil-producing nations engage in production cuts and producers balk at the high cost of building new refineries. When looking to meet government mandates for eco-friendly fuel, truckers are eyeing so-called “renewable diesel” as an alternative to electricity.

The Federal Trade Commission (FTC) last week issued a harsh condemnation of the U.S. food industry’s performance during the COVID-19 pandemic saying a handful of large retailers may have profiteered off the country’s misfortune.

According to the author, Costas Xyloyiannis, CEO of HICX the supplier experience platform, “Finance can, together with procurement, spot and address the weaknesses in its fraud-fighting strategies." Costas has helped C-suite execs for 20 years to strengthen their supplier information and therefore fraud strategies. In this article he offers finance leaders five steps to creating a safer supplier landscape.

The Northern California Port of Richmond plans investments to improve its infrastructure and enhance its car, bulk, and liquid bulk shipping businesses, according to Charles Gerard, Director, Port of Richmond...

Last month both the European Union and US once again stepped up sanctions against Russia in retaliation for its invasion of Ukraine in February 2022.

Rotterdam Shortsea Terminals (RST), which provides feeder ship and inland waterway services from the Port of Rotterdam to European ports and terminals, says it is also looking to source new cranes from Europe, according to Cees van Pelt, Senior Project Manager and former Manager Technical Department at RST.

There could be between a 2% to 5% shift of cargoes from East and Gulf Coast ports to the West Coast, according to Eugene Seroka, Executive Director, Port of Los Angeles.

U.S. Navy Secretary Carlos Del Toro has been meeting with shipbuilders in Japan and Korea to encourage them to establish new shipbuilding operations in the United States.

Lars Jensen, principal at Vespucci Maritime based in Copenhagen, Denmark, says there is a shift of some East and Gulf Coast cargoes going back to the U.S. West Coast.

Bryan Brandes, Maritime Director, Port of Oakland says the Port is working on a number of projects to improve rail service and upgrade refrigeration capabilities.