In this week’s Roar: No intervention coming for ports, global fallout from a strike, new de minimis rules, building charging infrastructure, and declining U.S. freight volumes. A possible port strike in the U.S. is the big story in supply chain right now. The Biden administration has said it will not be stepping in to mediate the International Longshoremen’s Association (ILA) dispute. With the October 1 strike deadline fast approaching, the government is encouraging both parties to continue their negotiations, despite the fact...

Read more

President von der Leyen unveils her new College of Commissioners On Tuesday (17 September), President von der Leyen announced the names and portfolios of her new College of Commissioners. The new list of Commissioners-designate and their responsibilities align with the ambitions outlined in the Political Guidelines and the European Union’s core priorities of Prosperity, Security and Democracy. A significant highlight of this Commission is President von der Leyen’s efforts in promoting gender balance. While there is not an equal number of...

Read more

Overview: The Federal Reserve's 50 bp rate cut has made for a volatile 15 hours or so in the foreign exchange market. As North American traders return to their posts, the greenback is heavy. They will find that only the yen and Russian ruble are softer. Norway delivered a hawkish hold, and the krone leads the G10 currencies with more than a 1% gain. Australia's employment data was sufficiently strong that the Reserve Bank of Australia will likely reiterate its...

Read more

€3.5 billion for urban development and smart cities €1.4 billion for business investment and corporate innovation €350 million for sustainable transport and water Transparency, accountability and well-being Action Plan welcomed The Board of Directors of the European Investment Bank (EIB) approved a total of €5.3 billion of new financing to bolster climate resilience of communities across Europe and back business investment that strengthens competitiveness, creates skilled jobs and unlocks innovation and growth. “The floods that hit Europe in recent days...

Read more

In this week’s Roar: Preparations for a port strike, the EU’s Carbon Border Adjustment Mechanism, the maritime AI market, falling diesel prices, and nearshoring to Latin America. Shippers and LSPs are preparing for a potential East Coast port strike in the U.S., which could significantly disrupt operations, even though dockworkers and terminal operators appear to be mostly posturing at this point. Preparation is still key, with shippers and carriers examining alternative strategies to help mitigate the effects of a strike if...

Read more

The harsh truth about the EU’s competitiveness in Artificial Intelligence and emerging technologies Mario Draghi, the former Italian Prime Minister and President of the European Central Bank, presented his long-awaited report on “The Future of European Competitiveness” forcing the EU to accept some harsh truths regarding its competitive standing in cloud services, AI, and quantum computing. Without significant reforms to its private investment, labour, and regulatory strategies, the EU will likely fall behind the United States and China in the ongoing technology...

Read more