Plus: U.S. imports slow as tariffs bite, Mexico slaps 50% tariffs on Chinese goods, UP–NS defend their $85B merger amidst rival alliances, and more.
Union Pacific and Norfolk Southern say rival alliances prove their merger will strengthen competition, as CSX and CN tout new intermodal services linking Canada’s West Coast to Nashville.
Mexico plans tariffs of up to 50% on Chinese goods, reshaping North American trade flows as C.H. Robinson rolls out a new U.S.–Mexico consolidation service to cut costs.
Growing demand for frozen food puts pressure on cold storage supply chains.
The burgeoning demand for frozen food, a market worth $265 billion globally, is stressing cold storage supply chains and putting the sector's growth and safety at risk. Frozen food sales in the U.S. alone topped $72 billion in 2022, up from $65 billion during the 2020 pandemic lockdowns, suggesting a trend towards bulk buying of freezable items. However, the sector faces challenges with approximately 13% of global food production lost annually due to insufficient cold storage supply chains. Companies like Phononic and Lineage Logistics, both part of CNBC’s 2023 Disruptor 50 list, are innovating to make the food supply chain more efficient and reduce waste.
Source: CNBC
New "US News" post on CNBC: Surging frozen food demand may stress critical cold storage supply chains https://t.co/LHfQmO0qpZ
— Joey Confrey (@RealJoeyConfrey) July 18, 2023
Lineage will acquire and build cold-storage facilities in partnership with Tyson Foods, investing nearly $1 billion to streamline Tyson’s supply chain and expand cold-storage capacity nationwide.
A report from Everstream.ai details how the 2024 US elections could sway the supply chain, affecting cross-border trade and commodity markets.
Here's the latest on freight rates and hot routes as we look forward to Q3. Get insights from experts on navigating the summer season.
Over 57% of consumers are ready to shop greener to reduce environmental impact. As regulations tighten, companies must update their logistics strategies.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
