Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nearshoring draws more U.S. logistics investment to Mexico; Volkswagen issues temporary work stoppage at plant in Mexico; commercial auto supplier TitanX expands Mexican factory; and a truck driver in Texas dies in a collision with a…
Chart of the Week: Outbound Tender Volume Index, National Truckload Index – USA SONAR: OTVI.USA, NTI.USA Truckload demand shot up 6% to end April as shipper requests for freight capacity hit their highest levels since the first week of the year. National dry van spot rates (NTI) have flatlined over the past two weeks after plummeting 3.5% to…
Truckload carrier Heartland Express expects the current freight environment marked by soft demand and rate pressure to last another one to two quarters. Heartland (NASDAQ: HTLD) reported first-quarter earnings per share of 16 cents late Thursday, a 2-cent miss, according to Seeking Alpha. The result was also 5 cents lower year over year (y/y). The…
The trans-Atlantic westbound trade has been a star performer for container lines over the past year, a bright spot amid a global slide. Europe-to-U.S. rates have been an outlier, staying far higher than those in the trans-Pacific trade and — until recently — far exceeding pre-COVID levels. That premium is still there, but it’s shrinking…
Norfolk Southern and the International Association of Sheet Metal, Air, Rail and Transportation Workers – Transportation Division (SMART-TD) have reached a “landmark” scheduling agreement for train conductors, according to a joint news release Friday. While the exact details of the agreement weren’t available, the tentative deal, which needs to be ratified by union members, offers…