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.
Q2 2023 saw a historic 27% drop in Northeast regional shipments YoY, worse than the 2020 pandemic period, as per a U.S. Bank index.
According to a U.S. Bank index, Northeast regional shipments have plummeted by 27% in Q2 YoY. This figure is even more staggering compared to the 25% drop during Q2 of 2020, at the onset of the COVID-19 pandemic. Key data points reveal:
The report attributes the decline in the Northeast to weaker demand for consumer goods and a slowdown in manufacturing. The Southwest, however, defies the trend, largely thanks to robust cross-border truck traffic with Mexico.
Source: Transport Dive
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.
A cargo ship in the North Sea, carrying over 3,500 vehicles, including nearly 500 electric vehicles (EVs), has been
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