Canada-based Cargojet announced Monday it has abandoned plans to add four Boeing 777 converted freighters because of lackluster demand for international shipping service so it can concentrate on using profits to reward shareholders and strengthen its balance sheet. A statement by the Toronto-based airline suggesting it is canceling the order appeared at odds with the…
Red Sea diversions mean container lines need more ships to carry the same amount of cargo. The security situation — which is even more precarious in the near term due to coalition air strikes in Yemen — has already driven spot container freight rates much higher. Now it is starting to push up the price…
NEW YORK — Think about what a supply chain leader has gone through in the past few years. There was the pandemic that at first looked like it would crater demand for virtually all goods and services once the toilet paper rush ran its course. Then came the whiplash in no time when huge demand…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico top US trade partner in November, Laredo No. 1 gateway; PSC Group acquires rail terminal in South Texas; automotive firm inaugurates $55 million expansion in Mexico; and CBP seizes $5M worth of cocaine at Texas…
Chart of the Week: Outbound Tender Rejection Index – Van, Reefer, Flatbed SONAR: VOTRI.USA, ROTRI.USA, FOTRI.USA Tender rejection rates for the three main trailer types all spiked as they seasonally do around Christmas. The aggregate read is that the market remains oversupplied with capacity, but that statement does not apply evenly. Let’s take a look at…