Now let’s get to the Supply Chain and Logistics News for the week:
YMX Logistics, a leader in integrated yard logistics operations, and Orange EV, a pioneer in electric yard truck manufacturing, have joined forces to advance sustainable yard operations. The collaboration begins with the deployment of 20 electric terminal trucks at distribution and manufacturing sites across North America. This partnership leverages YMX’s expertise in yard process optimization and Orange EV’s cutting-edge electric equipment to help shippers reduce emissions, lower operational costs, and improve productivity. CEOs Matt Yearling of YMX and Wayne Mathisen of Orange EV highlight the initiative’s dual focus on environmental sustainability and operational efficiency, emphasizing benefits like reduced carbon footprints, improved worker health, and enhanced facility performance across industries such as manufacturing and distribution.
U.S. waterborne gasoline imports fell in October to their lowest level since the COVID-19 pandemic, driven by weak domestic demand, high local production, and poor arbitrage economics for European and Asian refiners. European shipments to the U.S. Northeast hit a record low, while Asian imports halved year-on-year as regional demand surged due to refinery outages in the Middle East and Southeast Asia. Despite U.S. gasoline stock levels being below the five-year average, domestic flows, including record-high Gulf Coast-to-East Coast shipments, reduced reliance on imports. Globally, crude prices and refiner margins remain under pressure due to weak demand and the rise of electric vehicles, though upcoming seasonal demand and easing European supply constraints could influence recovery.
Song of the Week:
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