Is this email difficult to read? View it in a web browser. ›

The Wall Street Journal. The Wall Street Journal.
LogisticsLogistics

Sponsored by

Criminal Dali Disaster Probe; Yellow’s Done Deal; Samsung's Chip Haul

By Paul Page

 

An FBI team boarded the containership Dali in Baltimore yesterday. PHOTO: /ASSOCIATED PRESS

The investigation of the Baltimore bridge disaster may be turning into a criminal case. An FBI team boarded the containership Dali as the bureau launched a probe into whether the crew failed to report any problems with the vessel before it left port. The WSJ’s Sadie Gurman and Costas Paris report that agents are looking into whether the Dali had any unreported engine, steering or electrical issues ahead of its departure from the Port of Baltimore last month. The criminal investigation raises the stakes for a probe into what could become the most expensive maritime disaster in years. The ship remains at the site of the deadly collapse of the Francis Scott Key Bridge, with sections of the span resting on its bow. Baltimore Mayor Brandon Scott says the city has also engaged two law firms to take unspecified legal action against the Dali’s owner, charterer, manager/operator and manufacturer.

  • Creative solutions in the wake of the bridge disaster include a lot near Richmond for Baltimore truckers to drop re-routed shipping containers for pickup by Norfolk, Va., drivers. (AJOT)
 
CONTENT FROM: Penske Logistics
Gain Intel. Gain Ground with Penske.

The road to the future relies on data. And we speak data. At Penske, technology is embedded in everything we do. Our apps and tools help our customers optimize their fleet by delivering real-time actionable insights straight to them.

Learn more

 

Transportation

Three former Yellow rivals have opened terminals this month that they bought from the bankrupt business. PHOTO: CHARLIE RIEDEL/ASSOCIATED PRESS

The last, fading hopes for Yellow’s resurrection as a trucking concern are gone. An investment group that had hoped to buy up Yellow’s remaining trucks and terminals and revive its operations dropped its bid, ending a long-shot effort that never really got off the ground. Sarah Riggs Amico, the board member of auto carrier Jack Cooper Transport and leader of the bidding group, tells the WSJ Logistics Report’s Paul Berger that Yellow’s attorneys never engaged with the investors even as the effort got support from the Teamsters union and several lawmakers. Yellow’s freight business has dispersed to other carriers, however, including operators that have scooped up real estate and equipment. Three former Yellow rivals, XPO, Estes Express Lines and Roadrunner, this month opened terminals that they acquired during the bankruptcy court-overseen auction. The sales are still going on and have garnered more than $2 billion to repay creditors.

  • A former J.B. Hunt executive is suing the trucking and logistics company over claimed discrimination “due to his status as a white male.” (Arkansas Democrat Gazette)
 
Share this email with a friend.
Forward ›
Forwarded this email by a friend?
Sign Up Here ›
 

Quotable

“From a physical perspective nothing has changed for the oil price, and oil is still being pumped in the Middle East and is able to leave the region unhindered.”

— XTB research director Kathleen Brooks, on declining oil-price benchmarks following Iran’s attack against Israel.
 

Manufacturing

Construction continues on Samsung’s manufacturing facility in Taylor, Texas. PHOTO: SCOTT COLEMAN/ZUMA PRESS

The U.S. government is helping set the foundation for a new semiconductor manufacturing cluster outside Austin, Texas. A federal grant of up to $6.4 billion will back plans by Samsung Electronics to expand chip-making capacity in the state, the WSJ’s Jiyoung Sohn and Asa Fitch report, the latest in a string of major subsidy awards from the Biden administration aimed at reviving semiconductor manufacturing in the U.S. Samsung is using the grant money to help hike its investment near Austin to roughly $45 billion, including the addition of a second chip-making factory and an advanced chip-packaging facility. The plans boost the potential for a broader eco-system of suppliers in the region as the U.S. tries to win back the high-value electronics supply chains. Semi, a chip-industry trade group, estimates that China, South Korea and Taiwan together accounted for 72% of the global equipment market last year.

  • Tesla agreed to buy semiconductors from India's Tata Electronics for its global opearations. (Times of India) 
 
 

Number of the Day

1.119

The Cass Freight Index for March, seasonally adjusted, down 2.3% from February to the lowest level since last November and 3.4% below the year-ago measure.

 

In Other News

U.S. retail sales expanded a better-than-expected 0.7% from February to March. (WSJ)

China’s economy grew at a faster than expected 5.3% rate in the first quarter, led by accelerating factory activity. (WSJ)

A measure of manufacturing shipments in the New York region fell deeper into contraction this month. (MarketWatch)

Tesla is laying off more than 10% of its workforce amid dimming growth prospects at the electric-vehicle manufacturer. (WSJ)

The U.S. and U.K. will limit trading of Russian aluminum, copper and nickel on their metals exchanges. (WSJ)

Lufthansa slashed its earnings forecasts after a recent wave of strikes wiped out hundreds of millions of euros. (WSJ)

Airlines have canceled or re-routed flights around Iranian airspace over safety concerns. (The Loadstar)

Apple CEO Tim Cook said on a visit to Vietnam that the company will increase investments in suppliers there. (South China Morning Post)

Qatar plans to significantly boost production of liquefied natural gas as Washington pauses new U.S. export permits. (Nikkei Asia)

A stretch of the Ohio River near Pittsburgh remained closed as crews looked for one of 26 barges that broke loose on the rain-swollen waterway. (Associated Press)

South Korea’s HMM plans to expand its container handling capacity by about 50% by 2030. (Journal of Commerce)

Red Sea diversions led to a 12% jump in Singapore demand for maritime bunkering fuel in the first quarter. (Lloyd’s List)

Traton subsidiary MAN Truck & Bus plans to start delivering hydrogen-powered heavy-duty trucks starting next year. (Motor Transport)

Meal-kit delivery company HelloFresh opened a 388,000-square-foot distribution center in the U.K. that is its largest site across Europe. (Logistics Manager)

Amtrak canceled several passenger-train services out of Illinois because of a backlog in replacement-parts supply chains. (Chicago Sun-Times)

 

About Us

Paul Page is editor of WSJ Logistics Report. Reach him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on X at @WSJLogistics.

 
Desktop, tablet and mobile. Desktop, tablet and mobile.
Access WSJ‌.com and our mobile apps. Subscribe
Apple app store icon. Google app store icon.
Unsubscribe   |    Newsletters & Alerts   |    Contact Us   |    Privacy Policy   |    Cookie Policy
Dow Jones & Company, Inc. 4300 U.S. Ro‌ute 1 No‌rth Monm‌outh Junc‌tion, N‌J 088‌52
You are currently subscribed as [email address suppressed]. For further assistance, please contact Customer Service at sup‌port@wsj.com or 1-80‌0-JOURNAL.
Copyright 2024 Dow Jones & Company, Inc.   |   All Rights Reserved.
Unsubscribe