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…
The Teamsters have been ousted from representing a group of beverage drivers in Wisconsin while a much larger strike in the beverage world looms. The union also ended a strike against U.S. Foods in recent weeks with a contract that even the Teamsters for a Democratic Union, a group within the union that is often…
Universal Logistics Holdings Inc. surpassed Wall Street expectations in the fourth quarter, despite revenue decreases across the firm’s trucking, intermodal and brokerage segments. “The outlook for 2024 remains a bit murky with a variety of signals from various market verticals,” Tim Phillips, CEO of Universal Logistics Holdings, said in a call with analysts on Friday….