Crowdstrike global IT outage hits the heart of the global supply chain, with air freight, rails, ports and trucking in the U.S. and beyond down.
The CrowdStrike software-triggered global IT outage has had varying levels of impact across Union Pacific's freight network, but most major rails in the U.S. were operating normally.
The new issue for the global supply chain comes amid a rise in global demand, with shipments up 13% year over year in June. Air freight supply has increased, but only by 3% year-on-year, already causing higher costs for shippers due to the limited capacity, according to Xeneta. "Shippers already had concerns about air freight capacity due to huge increases in demand in 2024, driven largely by the extraordinary growth in e-commerce goods being exported from China to Europe and the U.S.
Only one major U.S. freight railroad reported issues related to the IT outage, with Union Pacific confirming in an email to CNBC that it had varying levels of impact across its network. The Port of Houston, the fifth-largest port in the U.S. posted a notice to its website saying the port's Barbours Cut and Bayport Container Terminals were closed on Friday morning, but it did anticipate being able to open gates later in the day.
"The Port Authority has been working closely with impacted terminal operators since the overnight hours, assisting in their recovery while also communicating updates through a multitude of channels to the port's vast community of stakeholders," said Bethann Rooney, port director at the Port Authority of New York and New Jersey. She said the port was able to initiate "a quick and efficient response to get cargo moving again.
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