business news

The US supply chain is now facing two trade hurdles

Aerial view of containers sitting stacked at the Qinzhou Port on August 15, 2022 in Qinzhou, Guangxi Zhuang Autonomous Region of China. China News Service | Getty Images Two of the major trade lanes for US shippers are under strain this peak season. The heatwave in China has shut down key manufacturing and the growing …

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Port of Oakland slashing free wait time for import containers

In an aerial view, shipping containers sit on the dock at the Port of Oakland on May 20, 2022 in Oakland, California. Justin Sullivan | Getty Images The Port of Oakland has had enough of the long-dwelling import containers clogging its ports. On July 1, Oakland is reducing the tariff-free time from seven days to …

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Chinese manufacturing orders drop as consumers pull back on goods

Laborers work at a factory’s workshop in Huaying, Sichuan province of China. Getty Images Chinese manufacturing orders are reportedly down by as much as 20-30%, according to logistics sources responsible for moving the finished products from Chinese manufacturing plants to the Chinese ports. “As consumers move from purchasing stuff to buying services, importers continue to …

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