Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Continental AG announces $90M manufacturing facility in Mexico; 3PL Outerspace opens fulfillment operations in Arizona; South Texas border logistics park announces expansion; and CBP seizes tramadol at Laredo’s World Trade Bridge. Continental AG announces $90M manufacturing…
Chart of the Week: Inbound Ocean TEUs Index, Outbound Tender Volume Index – USA SONAR: IOTI.USA, OTVI.USA Import demand based on bookings of twenty-foot equivalent units heading into the U.S. (IOTI) remains down compared to two years ago, but only slightly. Truckload tender volumes (OTVI) are down roughly 25% compared to the same period in 2022. These…
Sweden’s Volvo Group reported a 10% increase in fourth-quarter sales and mostly positive financial metrics for Q4 and 2023. But the truck, bus and construction equipment maker suggested softening sales this year as pent-up pandemic demand has largely been met. Volvo posted net income of $1.16 billion, or 59 cents per diluted share, in the…
Slowing demand for industrial and logistics warehousing space resulted in fewer industrial mega-leases of 1 million square feet or more in 2023, according to a report released Friday by CBRE Group Inc. (NYSE: CBRE), a real estate services firm. The number of big-box warehouse lease signings fell to 43 in 2023 from a record 63…
The Alberta Motor Transport Association’s (AMTA) Nikola hydrogen fuel-cell-electric vehicle (FCEV) completed a 519-km round-trip from Edmonton to Calgary without needing to refuel and with hydrogen in the tank to […]