The Daily: April 28, 2022
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Good morning, especially to the small business owners.
Your woes are being recognized - by the “experts” at least. While massive corporations are watching their profits skyrocket, small businesses are feeling the crunch. A Goldman Sachs 10,000 Small Businesses Voices survey resulted in 80% of small businesses reporting that their financial health had suffered over the last six months due to inflation challenges.
Check out today’s featured article from CBS News for details on the survey and what predictions are in store for large and small corporations alike. ☕️
“The Team! The Team! The Team!”
-Bo Schembechler
Today’s Featured Article:
As inflation soars, major corporations are posting record profits. But small businesses are feeling the squeeze - CBS News
“With prices on the rise, Mindy Godding's small business Abundance Organizing held a team meeting. Employees of the Richmond, Virginia-based company, which helps people declutter or downsize and unpacks after home renovations and moves, were feeling the strain of soaring costs.”
The Latest On…
Inflation 💸
Yes, the High Inflation Rates Will Continue in 2022 | AIER
“When do government spending and budget deficits cause inflation? Answer: When the government spending is financed by borrowing from the Federal Reserve.”
A major recession is coming, Deutsche Bank warns | CNN Business
“Deutsche Bank raised eyebrows earlier this month by becoming the first major bank to forecast a US recession, albeit a ‘mild’ one.”
Ukraine war to cause biggest price shock in 50 years - World Bank - BBC News
“The war in Ukraine is set to cause the "largest commodity shock" since the 1970s, the World Bank has warned.”
Covid-19 😷
More than half of Americans have had COVID infections, U.S. study shows | Reuters
“Following the record surge in COVID-19 cases during the Omicron-driven wave, some 58% of the U.S. population overall and more than 75% of younger children have been infected with the coronavirus since the start of the pandemic, according to a U.S. nationwide blood survey released on Tuesday.”
Tech 📟
IoT Connectivity is Reshaping Transportation and Logistics – IoT World Today
“Ericsson has released a report analyzing the use of IoT to mitigate supply chain disruptions in transportation fleets; such as rising fuel prices, driver shortages and government regulations.”
Meet me in the Metaverse - Supply Chain Management Review (scmr.com)
“Most of the conversation on the Metaverse surrounds when it might arrive and whether it will impact supply chains at all. Accenture argues it is already here, and the impacts on supply chain could be profound.”
Trade & Border Issues 🗺
Crisis or hiccup? Assessing the logistics impact of China lockdowns - FreightWaves
“Some experts predict ending quarantine restrictions will open cargo floodgates as airfreight feels the immediate crunch.”
Commercial drones could be the answer to Ukraine’s logistics nightmare | Fortune
“Military-grade drones supplied by allies have helped Ukrainian forces fend off Russian attacks, but vital aid remains stuck in the western part of the country, far from the frontlines where they are most needed.”
Trucker’s Lounge 🧢
A vision for growth: Jason Cowan, Silver Creek Transportation | Overdrive (overdriveonline.com)
“Henderson, Kentucky-based Silver Creek Transportation grew out of the owner-operator business of the current owner and President Jason Cowan after he purchased the assets of local aggregates hauler Bob Clark Trucking in the mid-1990s.”
NRF Supply Chain 360: A Preview | SupplyChainBrain
“Jonathan Gold, vice president for supply chain and customs policy with the National Retail Federation, offers a preview of NRF Supply Chain 360, the new industry conference taking place June 20-21, 2022 in Cleveland, Ohio.”
Women wordered to pay $4.7 million for staged semi truck crash scheme (cdllife.com)
“A Louisiana court has ordered a defendant to reimburse millions of dollars paid out as part of a sprawling staged crash scheme targeting truckers in the New Orleans area.”
Leadership 🏆
Culture, Collaboration, and Courage - Inbound Logistics
“Through transparency, honesty, and decisiveness, Megan Davidson champions Crowley employees and makes sure everyone is heard.”
These States Have the Most Trusted Businesses - Small Business Trends (smallbiztrends.com)
“A new study analyzing data from the Better Business Bureau (BBB) has revealed which US cities and states have the highest proportion of businesses that people trust.”
Fuel ⛽️
National diesel average shows solid growth, for the week of April 25, reports EIA - Logistics Management (logisticsmgmt.com)
“With a $0.059-cent increase, this week’s national average came in at $5.160 per gallon, following a $0.0280-cent increase to $5.101, for the week of April 18. “
Rail 🚂
Ocean carrier chooses Virginia for new rail link connecting the Mediterranean and US West Coast | AJOT.COM
“The Port of Virginia® is the only US East Coast stop for ocean carrier Hapag-Lloyd’s reworked Mediterranean Gulf Coast Express (MGX) that will move cargo overland by rail to California via Virginia.”
Cab Tech 🚚
Trucking fleets embrace multi-cameras | Commercial Carrier Journal (ccjdigital.com)
“Heavy goods vehicle drivers on the 117-mile M25 motorway in London are required to meet specific visibility standards after legislation was passed in 2019 because of the high number of pedestrian and bicyclist deaths involving heavy-duty trucks.”
Compliance 📋
Oral drug testing comment period ends April 29 - Land Line
“Nearly 350 organizations and individuals have already submitted comments regarding the U.S. Department of Transportation’s proposal to include saliva in its drug testing programs.”
Unions 🪧
Sanders pressures Biden on Amazon unions: ‘The time for talk is over’ (msn.com)
“Bernie Sanders says Joe Biden’s the most pro-union president he's ever seen, at least rhetorically speaking. Now he’s leaning on his 2020 primary rival to match those words with action.”
Sanders calls on Biden to cut Amazon out of U.S. federal contracts | Reuters
“U.S. Senator Bernie Sanders on Tuesday called for President Joe Biden to issue an executive order to cut off federal contracts to Amazon.com Inc (AMZN.O) until the e-commerce company stops what he described as "illegal anti-union activity."“
Electric Vehicles 🔋
GM will start tying executive compensation to electric vehicle targets (cnbc.com)
“General Motors will begin tying a “significant part” of its long-term executive compensation with the company’s electric vehicle goals, CEO Mary Barra said Tuesday.”
Health & Safety ⛑
Healthcare Logistics Market Surpass $ 158.5 Billion By (globenewswire.com)
“The global healthcare logistics market revenue is projected to rise at a CAGR of more than 8.3% over the forecast timeframe and reach a market value of around USD 158.5 billion by 2030.”
Aviation Logistics ✈️
Aviation Policy News: European aviation's net-zero plan, rethinking service at small airports, and more - Reason Foundation
“On April 15, Eurocontrol released a detailed report on ‘the aviation path to 2050”’ forecasting three possible growth scenarios and discussing how each would deal with the European Union’s aviation goal of net-zero CO2 emissions by 2050.”
Driver Issues 🚛
Collapsing trucker demand could foreshadow looming recession (msn.com)
“A sharp, unexpected downturn in trucking demand since the beginning of March could be evidence of a looming economic recession, according to Bank of America strategists.”
Manufacturing 🔨
Pent-up Demand Bolsters Industrial Freight Volumes - Fleet Management - Trucking Info
“Manufacturing output excluding motor vehicles and parts was 4.6% ahead of February 2020, seasonally adjusted, but new orders for manufactured goods in the latest month were 19% ahead of February 2020.”
Kion adds second production line at forklift battery plant | DC Velocity
“German factory builds power cells for mobile warehouse handling equipment to compete with internal combustion lift trucks.”
TMS 💻
The future of telematics is now | Fleet Maintenance
“Truck sensors and data platforms have advanced to the point where downtime can be shortened or altogether avoided.”
Hapag-Lloyd Launching Real-Time Monitoring for Its Entire Fleet of 3 Million TEU Containers (gcaptain.com)
“Germany container shipping company Hapag-Lloyd has announced plans to equip its entire container fleet with real-time tracking devices as it looks to become a “first-mover” in the use of the technology.”
Perspective: Optimizing Trailer Management | Transport Topics (ttnews.com)
“Many technologies exist to help fleets monitor cargo in their trailers, but carriers must be mindful of how the cargo itself — including what it’s made of — might impact the effectiveness of their tracking systems, especially if they look to make a change.”
Network Association 🤝
Microsoft Flexes Supply Chain Muscles in New Partnership with Kraft Heinz | SC Digest
“For most of us, ‘supply chain’ is not one of the first terms that come to mind if asked about Microsoft. ‘Office’ maybe, or ‘Teams’ or even’“Cloud computing.’”
Supply Chain News: American Eagle Chief Supply Chain Officer Says Time for Retailers to Collaborate On Logistics | SC Digest
“Shekar Natarajan, American Eagle’s chief supply chain officer has a vision: retailers – even competitive ones – collaborating on logistics, and focus on what they do best, such as designing and producing garments or other products.”
Ports 🚢
Descartes releases April report on global shipping crisis: Record import volumes but reduced port congestion | AJOT.COM
“Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its April report on the ongoing global shipping crisis and analysis for logistics and supply chain professionals.”
Sales 🧾
March’s Average Used Class 8 Retail Price Breaks $100,000 | Transport Topics (ttnews.com)
“The average retail price in March of a used Class 8 vehicle pushed past the $100,000 mark for the first time, ACT Research reported.”
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The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for July 31, 2025, from iLevel Logistics Inc.