Despite the headwinds of inflation, rising interest rates and high warehouse inventories, the Georgia Ports Authority said it had its second-busiest February ever. February container volumes totaled nearly 395,000 twenty-foot equivalent units, down from 460,400 TEUs in February 2022 but still 30,400 TEUs higher than pre-pandemic February 2020, GPA said Tuesday. However, February’s volumes of…
Mexico’s truck production and exports saw notable increases in February, helped by continued demand from the U.S. and nearshoring-related relocations, officials said. The 10 truck makers in Mexico that are members of ANPACT manufactured a total of 16,912 units in February, an 18% year-over-year (y/y) increase compared with 2022. Exports of trucks increased 13% y/y…
The City of Hamilton in Ontario will start installing new and modified truck route signage this week to implement the recommendations of the 2022 Truck Route Master Plan Update. The […]
Shareholders of Ritchie Bros. Auctioneers (RBA) have approved an acquisition of IAA, defying a last-minute request from a corporate co-founder and former president who wanted to scuttle the deal. A […]
Shipment data captured by payment services provider Cass Information Systems was only off modestly in February while freight costs plummeted on a tough comp. The Cass Freight Index registered a 0.3% year-over-year (y/y) decline in shipments while the expenditures component of the data set, which measures the total costs associated with shipping freight, fell 9.7%…