News.com.au: Global car industry to grind to a halt within weeks amid ‘catastrophic’ Chinese magnesium shortage
News.com.au reports: The world’s largest carmakers and other users of aluminium could be forced to halt ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
News.com.au reports:
The devastating collapse of a major Aussie freight company “won’t be the last”, with “higher prices” for supermarket shoppers “undoubtedly” on the cards.
That’s according to Road Freight NSW CEO Simon O’Hara, who told news.com.au the industry was in the grip of a major crisis that would lead to yet more pain at the checkout for families already battling a cost of living nightmare.
On Monday afternoon, news broke that Scott’s Refrigerated Logistics – one of Australia’s biggest trucking firms, which supplies all major supermarkets, including Woolworths, Coles, IGA and Aldi – had been plunged into receivership.
It has left 1500 jobs in the lurch and the delivery of food supplies at risk after the company folded due to being battered by labour shortages, extreme weather events and skyrocketing fuel costs.
However, Mr O’Hara said the situation was “just the tip of the iceberg” for the struggling sector, and that supply chains would certainly be impacted…
The full post is here.
(A follow-up piece is coming soon from Mr Joy…)
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