Newsletter - July
Market Updates
• UP Suspending USWC-Chicago hub services - Union Pacific Railroad (UP) will halt all international intermodal service from the West Coast to its Global IV terminal in Joliet, Illinois, for up to seven days beginning early Monday, an emergency measure designed to get thousands of ocean containers in stacks to their cargo owners.
• The full impact on global manufacturing due to the horrific flooding in Central Europe seen in July is just now starting to be understood as local manufacturers are announcing Force Majure and allocations due to the Human and Physical toll on people and facilities in the region.