Supply Chain Buzz 7/9
1. The U.S. cargo ship rushing to beat soybean tariff didn't make it. Peak Pegasus is currently waiting to offload in a holding pattern off the coast with tons of other ships. Their story is done and over with, but the larger global trade story is just beginning.
2. Trump backs pilot program to permit 18 to 20-year-olds to drive heavy trucks in interstate commerce. Transportation Secretary Elaine L. Chao, joined Sen. Deb Fischer, R- Neb., and Rep. Don Bacon, R-Neb., to announce that the Department of Transportation will launch a pilot program to permit 18-to-20 year-olds who possess the U.S. military equivalent of a commercial driver’s license (CDL) to operate large trucks in interstate commerce.
3. Trade with Japan must remain strong, says Port of Oakland chief. “It’s extremely critical for us to have good, strong free trade partners such as Japan,” Lytle told a visiting delegation of 20 from the city of Fukuoka on the island of Kyushu. “Japan is a very large and very important part of our business.”
4. FMCSA denies ELD exemption for small trucking companies. The OOIDA argued small companies which have "proven their ability to operate safely should not be subject to purchasing costly, unproven and uncertified devices," and be granted a five-year exemption.
5. AI supply chain market to hit more than $10bn by 2025. Growth in this market can largely be attributed to factors such as growing big data, demand for greater visibility and transparency into supply chain data and processes, and adoption of AI for improving consumer services and their satisfaction.
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