Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: A stronger Mexican peso could pose challenges for U.S.-Mexico trucking; Tesla seeks $100 million to build Semi truck charging stations; OmniTRAX taps a former Amazon exec to lead its Texas railroad; and cargo truck processing returns…
Chart of the Week: Van Contract Initial reporting of average base rate per mile, National Truckload Index excluding estimated fuel costs above $1.20/gal – USA SONAR: VCRPM1.USA, NTIL12.USA Truckload dry van contract rates (VCRPM1) have flatlined over the past two months after dropping ~13% over the previous nine months. This is happening despite spot rates (NTIL12) still offering…
British Columbia’s port workers have voted almost 75% in favor of accepting a contract offer, ending weeks of turbulent job action that stopped billions of dollars’ worth of goods from being shipped. […]
FedEx Corp., the nationwide parcel delivery giant, said it is eliminating jobs at a facility in Fort Worth, Texas, after losing a customer, according to a recent notice sent to state officials. The facility is located at 13550 Independence Parkway in Fort Worth, where FedEx employs 806 people, of which approximately 280 will be affected….
WASHINGTON — A federal watchdog has found that too many Mexican-based trucking companies moving long-haul freight into and out of the U.S. are receiving lax oversight from the Federal Motor Carrier Safety Administration. The finding, in a report released Friday by the U.S. Department of Transportation inspector general’s (IG) office, is based on FMCSA’s compliance…