Here is a roundup of some of the latest logistics news from around the world:
FedEx to transfer LA airport maintenance to Indianapolis
FedEx will exit a maintenance facility at LAX and send the work to its Indianapolis hub to increase efficiency. The move is part of a larger effort by FedEx to reduce costs and improve customer service.
Teamsters reject Yellow's proposed changes again
The Teamsters union said Thursday it has rejected less-than-truckload carrier Yellow Corp.'s plan to restructure operations at more than 200 terminals. The union said the changes would have resulted in job losses and a decline in service.
Countries Compete to Lure Manufacturers From China
Countries around the world are competing to lure manufacturers away from China, as the country's labor costs rise and its supply chains are disrupted by the COVID-19 pandemic. Countries such as Vietnam, Mexico, and India are offering tax breaks and other incentives to attract manufacturers.
Biden's Push to Counter China Steers EV Investments to Canada
President Biden's push to counter China is steering electric vehicle investments to Canada. The country has a number of advantages over the United States a and includes a skilled workforce and a stable political environment.
European Ports Brace for Cybersecurity Regulation
European ports are bracing for new cybersecurity regulations that are expected to be implemented in the coming months. The regulations will require ports to take steps to protect their systems from cyberattacks.
Stanley Black & Decker to Close Texas, South Carolina Plants
Stanley Black & Decker is closing two plants in Texas and South Carolina, as the company looks to reduce costs. The closures will affect about 200 employees.
Europe Moves to Revive Mining to Cut Reliance on China
Europe is moving to revive its mining industry in order to reduce its reliance on China for critical minerals. The European Commission has proposed a number of measures to support mining, including financial assistance and tax breaks.
South Korea Plans Mega Chip-Making Base to Stay Ahead
South Korea is planning to build a mega chip-making base in order to stay ahead of its rivals in the global semiconductor industry. The base will be located in the city of Pyeongtaek and will cost $20 billion to build.
Japan and South Korea Pledge Cooperation at Summit
Japan and South Korea have pledged to cooperate on a number of issues, including the development of new technologies and the promotion of economic growth. The two countries agreed to work together to develop artificial intelligence and to promote the use of hydrogen fuel cells.
Apple Supplier Foxconn Plans to Rely Less on China for Revenue
Apple supplier Foxconn is planning to rely less on China for revenue in the coming years. The company is looking to expand its operations in other countries, such as India and Vietnam.
And that’s all folks!!