163,318 truckers risk losing their CDLs when the FMCSA's new Clearinghouse rule takes effect in November. Here's what it means and how it impacts the industry.
Amid a significant shift in global supply chains, Mexico overtakes China as the leading exporter to the US, prompting structural adjustments and additional pressure on infrastructure and labor.
The second quarter of the year saw a dramatic shift in global supply chains, with Mexico overtaking China as the top exporter to the US. This shift is largely due to a significant decrease in US imports from Asia, as ocean freight was down by 27% and airfreight plummeted by 50%. This shift towards near-shoring is expected to apply additional strain on infrastructure and labor resources. While this shift brings a shortening of supply chains and a reduction in cycle times, companies are not expected to return to the just-in-time model due to continuing risks and disruptions.
Near-Shoring! For the first time in 20 years, #Mexican exports to the #US match #China's. Mexico suffering grievously from lost share after ChinaĀ enteredĀ the World Trade Organization in 2001. Now, it appears to be benefiting fromĀ the retreat fromĀ China.Ā These numbers areā¦
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
NextDecade Corp pushes forward with its massive LNG export terminal project at the Port of Brownsville, aiming to transform South Texas's trade dynamics.
