Today's Top Supply Chain and Logistics News From WSJ
January 11 2017 - 7:17AM
Dow Jones News
By Paul Page
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The incoming Donald Trump presidential administration has
already united the trucking and rail industries . Often at odds in
Washington, the two biggest groups representing trucking companies
and railroads are teaming up to press the administration to reverse
Obama-era regulations and slow the process for writing new rules,
the WSJ reports. The effort is part of a big push lobbying groups
are making in Washington as they prepare for expected
business-friendly policy changes with Mr. Trump in the White House
and Republicans in control of both chambers of Congress. In this
case, the WSJ reports the leaders of the American Trucking
Associations and Association of American Railroads want to unite
airline, automobile and other transport groups behind the plan.
Their idea is to create specific guidelines for how transportation
agencies write rules and operating guidelines, including laying out
data for scrutiny well ahead of time and working with businesses on
goals and solutions.
E-commerce companies seem to be learning to love stores. Alibaba
Group Holding Ltd. is the latest online business to step up its
physical presence, the WSJ's Liza Lin and Nathan Becker report, as
it takes a controlling stake in China's Intime Retail (Group) Co.
and works with the company's founder to take the department-store
chain private. At $2.6 billion, it's an expensive deal for Alibaba,
but it advances the company's push to deepen links between online
operations, brick-and-mortar stores and logistics. Amazon.com Inc.
and several smaller rivals in the U.S. have started opening
storefronts with similar goals -- they give the companies a place
to tout wares that consumers can size up in the real world.
Alibaba's effort appears to be bigger, taking in department stores
and shopping malls, and that may push more goods through the
company's distribution channels and help expand the industrial side
of the company's logistics operation.
Whirlpool Corp. won its trade battle but may not have won its
larger goal to sell more washing machines. U.S. trade regulators
ruled that Whirlpool's South Korean rivals unfairly harmed the
appliance maker by selling washing machines in the U.S. at
artificially low prices, WSJ's Andrew Tangel reports. That will
allow anti-dumping tariffs to go forward against large residential
washing machines that Samsung Electronics Co. and LG Electronics
Inc. make in China, appliances that Whirlpool says compete unfairly
with its own machines. The victory for Whirlpool will likely have a
limited impact on the market because Samsung and LG have already
moved production of the appliances from China to Vietnam and
Thailand, which are not covered by the tariffs. That illustrates
the difficulty of using tariffs as a tool when global supply chains
can shift gears so easily across borders.
INFRASTRUCTURE
While public-private partnerships appear set to come to the
forefront in U.S. infrastructure debates, use of the tactic is
coming under increasingly harsh scrutiny on the other side of the
world. Australia has become a magnet for global investors from
Canadian pension funds to Chinese train operators, but the WSJ's
Vera Sprothen reports that concerns are growing that the country is
giving too much control and profit from transportation projects to
private investors. Australia's public investment in roads, rail,
waterways, seaports and airports stands at 1.6% of gross domestic
product, the highest level among major world economies but that it
is losing the value of its investment as private developers claim
the benefits. Companies including Consolidated Land and Rail
Australia, a consortium backed by former U.S. Secretary of
Transportation Ray LaHood, are working on new funding and
cooperation plans that could provide models for as U.S. lawmakers
and policy planners consider how to bring more money into
transportation.
QUOTABLE
IN OTHER NEWS
The World Bank lowered its global economic growth forecast for
this year slightly to 2.7%. (WSJ)
Oil prices sank to a one-month low with investors still
questioning the impact of an OPEC deal to cut production. (WSJ)
Growing volatility in currency markets has analysts concerned
the turbulence will affect other trading markets. (WSJ)
The Port Authority of New York and New Jersey admitted
wrongdoing and agreed to pay a $400,000 fine to settle charges the
agency misled investors about risks associated with $2.3 billion in
bonds to fund projects. (WSJ)
Wal-Mart Stores Inc. is preparing another round of job cuts at
its headquarters before the end of the month. (WSJ)
Earnings at Cargill Inc. climbed 80% from a year ago after
one-off events as the agriculture giant revamped its business amid
falling commodity prices. (WSJ)
General Motors Co. said pretax earnings this year should beat
the record profit the auto maker expects to post for 2016.
(WSJ)
Gildan Activewear Inc. won a court-supervised auction to buy
American Apparel LLC's brand and other assets out of bankruptcy for
$88 million. (WSJ)
The retail industry Global Port Tracker estimates imports to
major U.S. ports grew 7% year-over-year in December. (DC
Velocity)
Global air freight demand grew 6.8% year-over-year in November,
according to the International Air Transport Association.
(Reuters)
China's Port of Ningbo-Zhoushan will spend $18.3 billion on
projects aimed at improving cargo handling. (Port Technology)
Hong Kong-based Kerry Logistics acquired German forwarder Multi
Logistics. (The Loadstar)
The U.K. post office is closing 37 branches in its ongoing
cost-cutting effort. (The Telegraph)
Xerox Corp. will close a distribution center in Groveport, Ohio,
as it advances a global restructuring effort. (Business
Journals)
Phoenix-based freight broker GlobalTranz Enterprises Inc. bought
Wisconsin-based Global Freight Source Inc. (Business Journals)
Texas furniture maker KLN Manufacturing will shut its San
Antonio manufacturing operation. (San Antonio Express-News)
ABOUT US
Paul Page is deputy editor of WSJ Logistics Report. Follow him
at @PaulPage, and follow the entire WSJ Logistics Report team:
@brianjbaskin, @jensmithWSJ and @EEPhillips_WSJ and follow the WSJ
Logistics Report on Twitter at @WSJLogistics.
Subscribe to this email newsletter by clicking here:
http://on.wsj.com/Logisticsnewsletter .
Write to Paul Page at paul.page@wsj.com
(END) Dow Jones Newswires
January 11, 2017 07:02 ET (12:02 GMT)
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