Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas seaport completes a $146 million container terminal expansion; a chemical logistics provider expands its Arizona operations; Bollore Logistics opens a supply chain facility in Mexico; and border agents seize $38 million worth of meth hidden…
Class 8 truck orders rebounded slightly in May. But the important number is the industry’s backlog and how much of it is being manufactured. “Fleet demand for equipment does not appear to be waning as they still want to take delivery of new equipment,” said Eric Starks, chairman of FTR Transportation Intelligence. “Strong backlogs are…
Chart of the Week: National Truckload Index, Outbound Tender Rejection Index – USA SONAR: NTI.USA, OTRI.USA Truckload spot rates increased marginally compared to month-ago levels while tender rejection rates barely moved over the last two weeks of May, providing little hope to transportation providers that capacity has corrected noticeably. The National Truckload Index (NTI), which measures average spot…
The shipping cycle is famously volatile. Just ask anyone involved in the container shipping business in 2020-2022. Time it right, buy exposure to the cycle at the bottom and sell at the top, and you’ll make a fortune. Multi-generational Greek shipping families have this down to a science. For everyday investors, it’s a challenge. Shipping…
A growing trend in van life — combined with summer vacationers at the wheels of recreational vehicles (RVs) and campers — is adding to the struggles of truck drivers who […]