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Supply
Chain by the Numbers |
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- Feb. 24, 2022
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Gas and Diesel Prices Soaring; Rat Problem at Family Dollar DC; Thousands of Cars Destroyed in Ship Fire; Backups at Other Ports besides SoCal |
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$4.90 |
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| That was the average price for a gallon of gas this week in San Francisco County, as already soaring fuel prices were spiked the chaos in the Ukraine. The overall average for California was $4.74 a gallon on Tuesday, about $1.20 more than the national average of $3.53, according to AAA. The California price, which includes the nation’s highest gas taxes, is widely predicted to push over $5.00 per gallon shortly if not already. It is the highest price per gallon ever in the state. Diesel fuel for trucker is of course also on the rise. According to the Energy Information Administration’s weekly report released Feb. 21, the national average price per gallon of on the road diesel was $4.05, up from $4.02 a week ago. That national average is now $1.08 higher than it was one year ago. California of course checks in with the highest average price per gallon ($5.05), while the Gulf Coast is home to the lowest average price ($3.83). |
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| That is how many automobiles may have been destroyed as a cargo ship caught fire last week not far off the coast of Portugal on its way from Germany to the US, including Porsches, Volkswagens, Lamborghinis, Bentleys and Audis. The value of those cars has been estimated at $334.5 million by consulting firm Anderson Economic Group. An estimated 1,100 Porsches and 189 Bentleys were lost on the ship, including many high-end, customized models that collectively would exceed $140 million in value. The fire started in the hold and spread quickly, forcing the crew of 22 to abandon the ship via helicopter. Now, the fire appears to be winding down after five days, because, the captain said, due to “a lack of materials left to blaze through.” A number of electric cars were on the ship, leading to speculation a lithium ion on battery on car started the fire, or that it started from some other cause and the batteries accelerated the spread. It is not clear the amount of damage to the ship itself. |
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30 |
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That’s how many container ships are waiting outside the Port of Charleston, SC – not exactly Port of Los Angeles and Long Beach queues, but sizable for Charleston, as ocean shipping woes just won’t go away. The 30 queued containerships now are up from 19 in January. The port now says it will take until mid-April to clear the backlog, a month longer than previously estimated. With some other smaller ports also seeing unloading delays, it gives importers fewer options as to how to avoid logjams by moving destination ports from LA/Long Beach, though wait times at those two sister ports saw signs of improvement last month - the first monthly decline since the spring. “We have four times the import containers on our terminals than we had back in 2019, 2020,” South Carolina Ports Authority Chief Executive Jim Newsome, said this week. |
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That’s how many stores across six states that the Family Dollar chain (owned by Dollar Tree stores) closed this week after an infestation of rats were found in a company distribution center in West Memphis. Those stores were shuttered to facilitate the recall of several products potentially affected by the rodents. The FDA was alerted to unsanitary conditions at the Family Dollar distribution center, which supplied the stores, by a consumer complaint, the agency said last week – presumably from an employee at the DC. FDA inspectors concluded their investigation on Feb. 11 after finding “live rodents, dead rodents in various states of decay, rodent feces and urine, evidence of gnawing, nesting and rodent odors throughout the facility, dead birds and bird dropping,” according to a report from the agency. Yuck. More than 1,100 dead rodents were found after the center was fumigated, the FDA added. It also said a look at the facilities internal records showed “a history of infestation” at the Arkansas facility, with more than 2,300 rodents collected in less than six months in 2021.
