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.
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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.
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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.