Plus, cargo theft risks spikes ahead of Memorial Day, April sees drop in freight, a Wisconsin carrier and brokerage file for bankruptcy, and more.
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
Trucking firm Elite Carriers and brokerage affiliate ECI Inc. have filed for Chapter 11 bankruptcy, joining three other entities owned by Kirk Ecklund in seeking protection.
Deutsche Post DHL is investing €500m in Latin America, expanding warehouses in alternative hubs to meet growing demand for diversified supply chains.
Deutsche Post DHL is planning to make a significant investment of €500m in its Latin American business to tap into the burgeoning demand to broaden supply chains beyond China. The logistics giant is constructing new warehouses in alternative manufacturing hubs such as Mexico, Malaysia, and Vietnam, as companies strive to diversify their sourcing. This strategic move has been triggered by disruptions during China's strict Covid-19 lockdowns and escalating geopolitical tensions, which have urged multinationals to secure their supply chains and reduce dependence on China.
Source: Financial Times
Recently, good news came from the Brazilian market. 30 electric light trucks were delivered to Brazil's DHL company. JAC is also the first Chinese light truck brand purchased by DHL in Latin America!#forklift #jacforklift #jac #jacforkliftchina #jacmotors #empilhadeira #brazil pic.twitter.com/6s4Zp4Fu5p
— JACforklift（Jack Ye） (@yejinsong7) October 11, 2021
In the latest episode of "The FreightCaviar Podcast", we sit down with Roberto Icaza, Co-Founder, President & COO at Rapido Solutions Group. He talks about doing cross-border business in Mexico, and shares advice for young people looking to find their path in life.
Rapido's co-founders, Danny Frisco and Roberto Icaza, saw the potential of Mexico’s skilled workforce through their logistics experience with Coyote and BlueGrace. A chance lunch in Guadalajara sparked the idea to create a company bridging U.S. brokerages with top-tier logistics teams in Mexico.
Lego shifts production closer to key markets, delaying U.S. factory to 2027.
Logistics property rents rose by 6% globally in 2023, with a significant 19% increase in Mexico, driven by nearshoring and demand.
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