Skip to content
Search AI Powered

Latest Stories

Threat of Hurricane Laura shutters energy production from Houston to New Orleans

Fueled by warmest waters in Gulf of Mexico since 2011, storm arrives days after Tropical Storm Marco.

hurricane laura screenshot

Port Houston began closing container terminals on Tuesday afternoon as it braced for the arrival of Hurricane Laura, a rapidly intensifying storm that is forecast to strike the Texas and Louisiana coastline by Wednesday night, just days after Tropical Storm Marco soaked areas along the same stretch of land.

Workers at the Texas port need time to prepare more than 100 pieces of terminal equipment and structures for the possibility of high winds, so Port Houston terminals will remain closed Wednesday and probably Thursday due to the weather, officials said.


The dual storms have already forced energy companies to shutter production at oil refineries and liquified natural gas (LNG) terminals in anticipation of storm surge, high winds, and heavy rainfall, according to a webinar briefing by Riskpulse, a unit of Deutsche Post DHL Group that says its artificial intelligence (AI) platform detects transportation and logistics risks before they happen.

Storm watchers say the dangerous front could quickly grow from a Category 1 storm into a major, Category 3 or 4 hurricane by landfall, fueled by record-warm waters in the Gulf of Mexico which haven’t reached their current temperatures since 2011, Riskpulse’s chief science officer, Mark Russo, said in the briefing.

Hurricane Laura is then forecast to strike the U.S. coast somewhere between Houston and New Orleans, posing risks to supply chain operations at Port Houston, the Port of Galveston, Port Arthur—which is home to the nation’s largest oil refinery—and the Port of New Orleans, which remained on high alert today. High winds and flooding could also cause closures of some stretches of interstate highways along I-10 and I-45, Russo said.

Despite those serious threats to freight operations, Riskpulse said there is a saving grace to Hurricane Laura, whose fast motion across the globe will lead to a relatively short duration of exposure to wind and rain at any given spot. In contrast, Hurricane Harvey wreaked much of its damage in 2017 because it was a slow-moving storm that “stalled out” over the coast, dumping relentless volumes of rainfall.

This year, Gulf Coast residents should watch for the threat of widespread flash and urban flooding, along with small streams overflowing their banks, from wednesday night into thursday throughout far-eastern Texas, across Louisiana and Arkansas, according to the National Hurricane Center. By Friday and Saturday, that heavy rainfall threat will spread northeastward into the middle Mississippi, lower Ohio, and Tennessee valleys, the agency said.

Recent

More Stories

iceberg drawing to represent threats

GEP: six factors could change calm to storm in 2025

The current year is ending on a calm note for the logistics sector, but 2025 is on pace to be an era of rapid transformation, due to six driving forces that will shape procurement and supply chains in coming months, according to a forecast from New Jersey-based supply chain software provider GEP.

"After several years of mitigating inflation, disruption, supply shocks, conflicts, and uncertainty, we are currently in a relative period of calm," John Paitek, vice president, GEP, said in a release. "But it is very much the calm before the coming storm. This report provides procurement and supply chain leaders with a prescriptive guide to weathering the gale force headwinds of protectionism, tariffs, trade wars, regulatory pressures, uncertainty, and the AI revolution that we will face in 2025."

Keep ReadingShow less

Featured

drawing of person using AI

Amazon invests another $4 billion in AI-maker Anthropic

Amazon has deepened its collaboration with the artificial intelligence (AI) developer Anthropic, investing another $4 billion in the San Francisco-based firm and agreeing to establish Amazon Web Services (AWS) as its primary training partner and to collaborate on developing its specialized machine learning (ML) chip called AWS Trainium.

The new funding brings Amazon's total investment in Anthropic to $8 billion, while maintaining the e-commerce giant’s position as a minority investor, according to Anthropic. The partnership was launched in 2023, when Amazon invested its first $4 billion round in the firm.

Keep ReadingShow less
chart of robot adoption in factories

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

Keep ReadingShow less
person using AI at a laptop

Gartner: GenAI set to impact procurement processes

Progress in generative AI (GenAI) is poised to impact business procurement processes through advancements in three areas—agentic reasoning, multimodality, and AI agents—according to Gartner Inc.

Those functions will redefine how procurement operates and significantly impact the agendas of chief procurement officers (CPOs). And 72% of procurement leaders are already prioritizing the integration of GenAI into their strategies, thus highlighting the recognition of its potential to drive significant improvements in efficiency and effectiveness, Gartner found in a survey conducted in July, 2024, with 258 global respondents.

Keep ReadingShow less
A photo of brown paper packages tied up with shiny red ribbons.

SMEs hopeful ahead of holiday peak

Businesses are cautiously optimistic as peak holiday shipping season draws near, with many anticipating year-over-year sales increases as they continue to battle challenging supply chain conditions.

That’s according to the DHL 2024 Peak Season Shipping Survey, released today by express shipping service provider DHL Express U.S. The company surveyed small and medium-sized enterprises (SMEs) to gauge their holiday business outlook compared to last year and found that a mix of optimism and “strategic caution” prevail ahead of this year’s peak.

Keep ReadingShow less