supply chain disruption News

Strikers Shut Down Vital Great Lakes Shipping Artery for Days, Negotiations Looming

MINNEAPOLIS (AP) — A strike has shut down all shipping on the St. Lawrence Seaway, interrupting exports of grain and other goods from Canada and the United States via the Great Lakes to the rest of the world. Around 360 …

Union Pacific Railroad Shipping Limits Generate Complaints

OMAHA, Neb. (AP) — Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as part of its effort to clear up congestion across the railroad. The head of the U.S. Surface Transportation Board, Martin …

Trucker Protest Shuts Down Operations at California Port

OAKLAND, Calif. (AP) — Truckers protesting a state labor law have effectively shut down cargo operations at the Port of Oakland, it was announced Wednesday. “The shutdown will further exacerbate the congestion of containers” and port officials are urging operations …

Freight Railroads Work to Resolve Service Problems, Delays

OMAHA, Neb. (AP) — Some grain elevators are so full that farmers trying to sell their crops are being turned away. But at the same time, flour and animal-feed mills are halting production because they can’t get the grain they …

Trucker Blockade Snarls US-Mexico Border Over Texas Order

AUSTIN, Texas (AP) — One of the busiest trade ports on the U.S.-Mexico border remained effectively closed Wednesday as frustration and traffic snarls mounted over new orders by Texas Gov. Greg Abbott requiring extra inspections of commercial trucks as part …

Historic Inflation Driving Up Loss Costs for Auto, Property Insurers

The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate announced last week. Perhaps that should be no surprise. “It’s the things that we all …

Pandemic Adds Time, Cost to Rebuild After Colorado Wildfire

LOUISVILLE, Colorado (AP)–Rex and Barba Hickman’s home of 23 years near the foothills of the Rocky Mountains has been reduced to a blackened heap by the most destructive wildfire in Colorado history. Before the Dec. 30 blaze, which ripped through …

Insurers May Take $18B Hit From Hurricane Ida – Industry Experts

Insurers are bracing for a hit of about $18 billion from Hurricane Ida in the United States and the Caribbean, catastrophe modeling company Karen Clark & Co (KCC) said on Wednesday. The number, closer to the lower end of the …

Lloyd’s of London Seeks Estimates For Coronavirus-Related Losses

Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand its possible overall losses from the impact of the …

Data Mapping: Florence Could Disrupt Supply Chains Beyond Mid-Atlantic Region

The areas projected to be affected the most by Hurricane Florence—counties that have been asked to evacuate prior to landfall—are less populated than the areas affected by the 2017 hurricanes Harvey, Irma, Nate and Maria. Some urban areas directly impacted …