Category Archives: Afternoon Coffee

Afternoon Coffee: Natural Gas Inventories Rise Less Than Expected, BP to Pay $18.7 Billion for 2010 Disaster

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Natural gas inventories rose in the last week, but less than expected, which impacted how much prices for the fossil fuel increased today. And, BP will pay $18.7 billion for damages caused by the 2010 Deepwater Horizon oil spill, according to a tentative deal reached by the oil company and the federal government and Gulf Coast states. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Cross-border Online Shopping Grows in Popularity, Statoil Cancels Rig Contract

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The international online shopping market is growing and now accounts for more than 25% of total global e-commerce spending. And, oil giant Statoil has canceled a contract with drilling rig provider COSL as the company cannot find work for its overcapacity of rigs. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Weak Business Data in Latest PMI, Low Oil Prices Spark M&A Interest in Pipeline industry

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The latest Purchasing Managers’ Index shows a lackluster business outlook for June, with business conditions improving at their slowest pace since October 2013 and manufacturing production volumes hitting a low not seen since January 2014. Low oil prices have sparked new interest in merger and acquisition activity among US pipeline owners and operators.

Afternoon Coffee: Rail Boxcar Supply Shrinks, MERS Impacting South Korean Economy

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The supply of available boxcars has declined 41% in the last 10 years, making it difficult for companies that rely on railroad transportation like lumber producers and paper manufacturers to deliver goods. And, South Korea’s economy is starting to feel the effects of the spreading MERS disease throughout the country. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: EPA Proposes New Rule of Truck Fuel Efficiency, More Automakers Set up Shop in Mexico

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Large trucks hauling products across the country will soon have to be more fuel efficient, according to a new proposed federal rule. And, automakers are increasingly flocking to Mexico to set up manufacturing facilities, which will cause production in the country to hit 5 million units annually by 2020. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: FDA Sets Deadline for Trans Fat Food Guidelines, Amazon Explores New Delivery Method

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Food manufacturers have 3 years to rid their supply chains and products of trans fat, according to a new ruling from the Food and Drug Administration. And, Amazon is thinking of using ordinary people to deliver packages to customers instead of relying on carriers like United Parcel Service. Afternoon Coffee brings you the latest in procurement and supply chain news.