In early February, oil markets were lulled by hope of a now-unlikely ceasefire in the Israel-Hamas war. But a recent string of Houthi attacks have reignited concerns about the Red Sea crisis, raising the floor for tanker rates. The Iran-aligned Houthis claimed responsibility for Friday’s attack on oil tanker M/T Pollux, which was bound for…
The Georgia Ports Authority sets export record for the third year consecutive year; the Alabama Port Authority and CSX partner to launch a new intermodal facility; and the Port of Cleveland receives $32 million to modernize its facilities. Georgia breaks export record with almost $50B in trade in 2023 For the third consecutive year, exports…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cross-border logistics firms expand operations into Mexico; Texas State Highway 130 toll road truck traffic up over 9%; Karat packaging opens new distribution facility in Arizona; and Pirelli opens Mexico training center, hits 50M-tire milestone. Cross-border…
Chart of the Week: Inbound Ocean TEUs Volume Index – Port of Los Angeles, Port of Savannah, Port of New York/New Jersey, Port of Long Beach SONAR: IOTI.USLAX, IOTI.USSAV, IOTI.USNYC, IOTI.USLGB Bookings for twenty-foot equivalent units (IOTI) spiked well above last year’s levels for freight bound for the nation’s top four port complexes heading into Chinese New…
FTC, Amazon far apart on lawsuit issues (Federal Trade Commission) It’s clear from the latest on the Federal Trade Commission lawsuit against Amazon that (1) it’s likely to be ongoing for a long time, and (2) the parties don’t agree on much. The FTC asked the court to set a deadline to start the trial…