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The post FreightWaves Infographics: Port of Los Angeles sees busiest month outside pandemic appeared first on FreightWaves.
Genesis Networks Telecom Services LLC, also known as Genesis ATS (GNET), headquartered in San Antonio, Texas, filed its petition in the U.S. Bankruptcy Court for the Western District of Texas. The company, which was founded in 2005, offered financing solutions for small and midsized companies, lists its assets as up to $50,000 and its liabilities…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Port of Eagle Pass, Texas, fastest-growing border crossing in the U.S.; Port of Brownsville snags Westa flour mill; Siete Leguas Automotive opens $54M factory in Durango, Mexico; and CBP intercepts $18M worth of meth in shipment…
UPS continues to reduce flight activity in its air network to maximize asset utilization and improve efficiency amid deteriorating shipping volumes. Executives said during Tuesday’s earnings briefing that they are optimizing the domestic air operation and further reducing scheduled flights on the international front in an effort to curb costs. The parcel delivery giant reported…
Transportation prices fell again in July but at a slower rate than in the prior two months, according to data compiled in the Logistics Managers’ Index (LMI). Prices registered a 35.6 reading during the month, well below a neutral level of 50, but the falloff wasn’t as sharp as the record rate of decline set…
Canadian airline WestJet has pivoted to offering other airlines and logistics companies the option of chartering its small fleet of Boeing 737-800 cargo jets to move goods after recently discontinuing scheduled cargo service because of weak demand. WestJet Cargo on Tuesday issued a news release promoting its charter service in North America and Latin America…
Japanese automaker Toyota said it will invest $328 million to produce a new hybrid model of its popular Tacoma pickup truck in Mexico. The company plans to expand its factory in the central Mexican city of Guanajuato, where Toyota already produces its Tacoma truck line for the North American market. “Toyota has informed us of…