Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
CBP officers seize $4.3M worth of meth hidden in vegetable shipment at Texas border; HSI initiates probe.
U.S. Customs and Border Protection officers at the Pharr International Bridge cargo facility in Texas intercepted a shipment of vegetables on August 4, discovering 2,232 packages of alleged methamphetamine hidden inside, weighing 488 pounds with an estimated street value of $4.3 million. The drugs and vehicle were seized, with Homeland Security Investigations launching a probe into the matter.
Source: CDL Life
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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