Crunch time for trans-Pacific container shipping contract talks

The annual contract season is down to the final stretch in the trans-Pacific shipping market. U.S. import costs, liner profitability and service reliability all hinge on where contract prices settle in the next few weeks. The plot twist this year is that the prior round of annual contracts were signed at historically high levels and…

Borderlands: Truck driver salaries in Mexico averaged $4,400 in 2023

Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: Truck driver salaries in Mexico averaged $4,400 in 2023; Phillips Industries opens a new plant in Mexico; Arcadia Cold Storage firm eyes Southwest distribution market; and Fr8Tech launches freight matching for LTL services in Mexico. Truck driver…