Hawai’i wildfires spark efforts for emergency supplies
Carriers are prioritizing relief shipments to Maui after winds from Hurricane Dora helped fuel a wildfire that devastated the town of Lāhainā this week.
The Port of Kahului is fully operational, and interisland freight and transport company Young Brothers noted in an Aug. 9 operations update that it is focusing its efforts on the loading and discharge of medical supplies and emergency vehicles to the port over the next few sailings.
Yellow’s assets gain more attention amid bankruptcy
An attorney representing now-defunct Yellow Corp. said there has been new interest from parties willing to provide the company with bankruptcy financing.
At a Friday hearing in a Delaware court, Yellow (NASDAQ: YELL) attorney Pat Nash said there had been “a number of inbounds from other parties” willing to provide the debtor-in-possession (DIP) financing needed to fund the marketing and sale of the company’s assets. One of those parties has retained counsel.
Geopolitical tensions: 35% of U.K. importers forced to reexamine supply chains
Over a third of U.K. importers (35%) said they have felt the impact of growing geopolitical tensions, particularly in China, forcing them to reexamine their supply chains, according to a recent survey.
Based on a report released by the Institute of Directors (IoD), entitled “Reorienting: The Impact of Geopolitics on Business Supply Chains,” one in five importers from outside the U.K. have had to change their supply chains due to geopolitical tensions while another 15% are considering supply chain alterations. An additional 6.6% of importers said they’re not sure if their supply chains have been influenced by geopolitical pressures.
Container import volumes for August expected to grow
United States-bound container import volumes are expected to come in at the highest level in almost a year, according to the Port Tracker report, which was issued this week by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
The ports surveyed in the report include: Los Angeles/Long Beach; Oakland; Tacoma; Seattle; Houston; New York/New Jersey; Hampton Roads; Charleston, and Savannah; Miami; Jacksonville; and Fort Lauderdale, Fla.-based Port Everglades.