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.
Owing to battery supply chain issues, Tesla's CEO Elon Musk has announced that large-scale production of the company's electric Semi truck will be delayed until the end of 2024.
Tesla CEO Elon Musk has announced further delays in large-scale production of the company's Class 8 electric Semi truck, citing battery supply chain constraints. Musk indicated that mass production of the Semi, which requires a significantly larger battery pack than average electric vehicles, is not expected to commence until the end of 2024. The Semi was initially announced in 2017, and while some units have been delivered to Pepsi and Frito-Lay in California, many companies are still awaiting their preorders.
Source: FreightWaves
Tesla Semi volume production plans pushed back slightly, but still planned for 2024 https://t.co/z6JHkCJ4DP
— dq ayaan (@duqayaan) June 16, 2023
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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