The earthquake that struck Japan on Friday has caused many ports and companies to plan for a possible disruption in the global supply chain. While many seaports and airports were reporting no problems (see below), many precautions have been taken to ensure the safe transit of goods.
With the earthquakes in Japan affecting the supply chain for many, the operations at all West Coast ports were proceeding without interruption on Friday.
The group of carriers that has been pushing mandatory electronic onboard recorders (EOBRs) is upset with the DOT’s plan to fund the devices on Mexican trucks that will be operating in the US.
According to data from the US Department of Commerce and the National Retail Federation (NRF), February’s retail sales increased by about 1 percent from January. They also reported that the year-over-year increase was 8.2 percent.
ACT Research has found evidence of self-sustaining expansion in equipment orders throughout last year, and now 2011 shows signals of long-term confidence in the economic recovery.
Transportation Secretary, Ray LaHood has made available the $2.43 billion in rail grants that Florida Governor, Rick Scott rejected. Other states can now apply for the funds for new projects.
President Obama has indicated that the US is prepared to tap the Strategic Petroleum Reserve to make sure that enough oil is flowing. He has also indicated that he will be on the lookout for price gouging as fuel prices rise.
– Ben Dundas, Web Analyst