American crude oil shipments will skyrocket into 2023
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Let’s talk crude oil. There has been a massive influx of U.S.-originated barrels being shipped off to Europe amid the boycott of Russian oil. Filling the hole left by eliminating oil imports from Russia has created an expected average shipment of 3.3 million U.S. barrels per day. This number is likely to grow.
Check out today’s featured article from Supply Chain Brain to read about the growing overseas sales of American crude oil and what that could mean for the future of U.S. crude oil exports. ☕️
Featured Article:
U.S. Set to Ship Record Crude Into 2023 as Energy Crisis Deepens | SupplyChainBrain
“U.S. crude sales overseas are set to hit fresh records through next year as American oil increasingly takes market share in Europe.”
Inflation 💸
The Fed blames the supply chain for historic U.S. inflation
The Federal Reserve Bank of New York has compiled a data analysis that has placed much of the inflation blame squarely on the supply chain. The huge surge in demand for products compounded with supply chain constraints created by pandemic shutdowns, regulatory changes, and labor shortages can be correlated to approximately 60% of the inflation that has incurred from 2019 through 2021.
Officials at the Federal Reserve Bank are continuing to raise interest rates attempting to slow growth by lowering demand. It is expected to raise again within the coming month after evaluating one more employment report for the U.S. economy.
Trade & Border Issues 🗺
Somalian piracy no longer a “high risk threat” to shippers
When someone says “piracy” they may then think, “of the Caribbean” - unless they’re in the shipping industry. The coast of Somalia has long been wrought with piracy attacks that have disrupted international trade. But after more than a decade of serious preventative efforts by international logistics organizations, this sector of the Indian Ocean will no longer be considered a “high-risk” shipping corridor in 2023.
The United Nations Security Council has also thrown its hat in the ring, taking measures to counter-piracy efforts in the area and bring an end to the negative light oceanic crime has given West Africa.
Leadership in the Supply Chain 🏆
🗣 Warehouse workers are speaking up. The Voice of the Warehouse Worker Insights, a recent study by Lucas Systems, shares the top 5 elements that affect warehouse employment and satisfaction. (Logistics Viewpoints)
⚡️ The Port of Oakland is going all-electric. The port’s plans to reach a “zero-emissions” status in regards to its operations are moving forward as it strikes a deal with the engineering firm Burns & McDonnell to design $2 million worth of electric infrastructure. (DC Velocity)
🔋 Kenworth is investing heavily in North American fuel tech. All-electric batteries and hydrogen fuel cells are the way of the future, according to the automaker’s executives. Kenworth is betting the on the American and Canadian electric vehicle production quadrupling by 2040. (Fleet Maintenance)
What to consider outside of work …
Own a Tesla? You might be having a difficult time obtaining parts for repairs. Fear not, you’re not alone. Over 1,000 official complaints have been logged with the Federal Trade Commission (FTC) regarding delays, service, and lack of available parts. (Vox)
Excited for Christmas presents? Start early this year. The union strike is underway at Great Britain’s largest port - Felixstowe. The leader of the Unite union representing dockworkers has warned that if the unions pay terms are not met by the port, they will continue to strike through and past the holiday season. (Splash 24/7)
War? What war? Russian imports are continuing to pour into the American economy, regardless of President Biden’s threats earlier this year of “a crushing blow” to Vladimir Putin’s economy. While vodka and diamonds may have felt the weight of that threat - rubber, food, and wood have continued to hold high import volume since February. (AP News)
Trade & Border Issues 🗺
Global supply chains 'unprepared' for China droughts | Supply Chain Digital
Supply Chain Digital shares the current challenges in China regarding rationing its hydropower plants amid a surprise late-summer heat wave.
Container Capacity at Felixstowe Drops 37.6% on First Day of Strike | SupplyChainBrain
SupplyChainBrain divulges what went down on the first day of a union worker strike the U.K.’s largest container port - Felixstowe.
Fuel Tech ♻️
Drivers matter in the fuel economy equation | CCJ Digital
CCJ Digital’s contributor Daryl Bear shares thoughts on the future of fuel specs for new trucks and why manufacturers need to consider what the driver says when measuring fuel economy.
Supply Chain Graphic of the Week: ATRI Finds Very Low Use of Alternative Fuels by Use Carriers | SC Digest
Supply Chain Digest displays its “Graphic of the Week” - highlighting the use of alternative fuel vehicles by carriers according to the American Research Institute.
Shipping 🚢
Capesize Rates Drag Baltic Dry Index Down Further | G Captain
G Captain & Reuters explain how the rates of capsizing shipping vessels are affecting the Baltic Exchange’s main sea freight index.
Trucker’s Lounge 🧢
Brink’s drivers admit they were asleep when the truck was robbed | Back The Truck Up
Back The Truck Up provides an update on what’s being touted as the “heist of the century” - when over $100 million in jewelry and precious stones were robbed from a Brink’s security van in California.
News Bag 🗞
Supply Chain by the Numbers for Aug.25, 2022 | SC Digest
Supply Chain Digest shares recent numbers on China’s Manufacturing Shares, the number of new hires expected at a drone start-up company, and how hot it actually is at factories in the midst of a China heatwave.
Manufacturing 👩🏭
Manufacturers’ Optimism Drops Due to Supply Chain Challenges and Inflation | MHL News
Material Handling & Logistics shares the result of a recent survey titled, “Sikich Industry Pulse: Manufacturing and Distribution” - signaling manufacturers frustration due to growing inflation and supply chain constraints.
Driver Issues 🚛
HDT Fact Book 2022: Driver Turnover Slows | Trucking Info
Trucking Info’s Vesna Brajkovic tackles the issue of driver turnover and suggests reasons as to why is seems to be leveling out as we finish the back-end of 2022.
Marketing Approach 🤳
TRB to Study Ways to Communicate Value of Freight | TT News
TT News Staff Reporter Noel Fletcher writes about the Transportation Research Board’s desire to study the approaches necessary to communicate the value of freight to the general public.
Inflation 💸
Inflation’s harsh realities on display as Fed officials meet | AP News
AP News contributor Christopher Rugaber highlights the interesting dichotomy between the wealthy economists and central bank officials against the inflation-trodden residents of Jackson Hole, Wyoming - where the two coincided while the former held the Federal Reserve’s annual economic symposium this week.
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.