Category Archives: Afternoon Coffee

Afternoon Coffee: Trade Deficit Shrinks, China’s Economy Impacts Air Cargo Traffic

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The US international trade deficit fell $3.3 billion in July to hit $41.9 billion, the Department of Commerce reported today. Exports during July reached $188.5 billion, up from exports in June. And, China’s economic woes are having an impact on air freight traffic across the US and Europe. Transportation executives say it could be a sign of a deteriorating health of global trade. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: China’s Economic Slowdown Hits Asia, US Exports

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China’s economic woes are hitting other Asian countries. South Korea exports tumbled 14.7% in August compared to the same month in 2014 as demand from China, it largest trading partner, fell. And, exports from the US are also expected to fall this year amid the Chinese slowing economy. Volume of US containerized exports is expected to drop 2.4% in 2015. In the first quarter of the year, containerized exports declined 8.3%. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: US Factory Activity Slows in August, China’s Manufacturing Industry Sees Worst Slump in 3 Years

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US factory activity fell in August, reaching a low not seen in more than 2 years. The Institute for Supply Management national factory index hit 51.1 last month. And, Chinese manufacturing activity also took a hit in August amid declining economic conditions. The country’s official manufacturing purchasing-managers index dropped to 49.7 in August, a 3-year low. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Panama Canal Water Levels Rise, Texas Manufacturing Industry Takes a Dive in August

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The Panama Canal won’t have to restrict larger ships from traveling through due to low water levels. Drought conditions have reportedly eased in the area thanks to rain and water conservation efforts. And, the Texas manufacturing industry is rapidly declining amid falling oil prices. The Dallas Fed reported the August manufacturing index came in at -15.8, far under what economists had predicted. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Chinese Manufacturing Workers Strike, US Coast Guard Monitors Cargo Coming From Tianjin, China

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Possible supply chain risk: Chinese workers in the manufacturing industry are increasingly protesting as factories relocate or go out of business. And, the US Coast Guard is monitoring vessels coming from Tianjin, China, bound for US ports to ensure the cargo does not contain hazardous materials or chemicals from the recent explosions in China. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Port of New York and New Jersey Sees Record Traffic in July, Cargo Thefts Increase in Second Quarter

Pouring A Cup Of Coffee For A Dose Of Caffeine

Container volume at the Port of New York and New Jersey was up 14.1% during July from a year earlier. Cargo thefts were up 8% during the second quarter of 2015, and the value of stolen products increased 70% from the same time last year to more than $19.5 million. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: US Services Sector Sluggish, Freight Volumes Take a Hit Due to ‘De-Stocking’ Trend

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Growth in the US services sector slowed during August, according to Markit’s latest “flash” reading of its Purchasing Managers Index. And, freight volumes on highways and railways are falling in the US as companies engage in “destocking” to cut down on inventories of products. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Oil Prices Hit New Lows, But Gasoline Remains Pricey for Many in the US

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Crude oil prices fell below $39 a barrel today – the lowest level since 2009. Yet while oil prices may be tumbling, gasoline costs for consumers remains high in certain parts of the country due to refinery maintenance. In California, for instance, some gas stations are selling gasoline for nearly $5 a gallon. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Port of Oakland Proposes New Fee for Cargo Owners, US Manufacturing Activity Falls to 2013 Levels

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The Port of Oakland wants cargo owners to pay an extra fee to have their containers moved during peak hours – a plan companies using the port to import and export goods are not too happy about. And, the Purchasing Manager’s Index flash came in at 52.9 this month, below the 53.8 economists had expected. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: China’s Economy Slows Shipping Lane Demand, But Port Activity Returns to Normal in Tianjin

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Slow economic growth in China is causing major container-shipping lines to reduce traffic and container volumes between Asia and Europe. Port activity is returning to normal, however, in Tianjin, China, where recent explosions halted many operations last week. Afternoon Coffee brings you the latest in procurement and supply chain news.