This week in Borderlands: Mexico truck makers break an export record in August; trucks moved $44 billion in U.S.-Mexico cross-border freight in July; Kia announces a $408 million expansion to grow its operations in Mexico; and an autonomous vehicle technology maker plans a factory in Mexico.
The ghost of Paul Volcker is stalking truckload carriers as Fed Chairman Jerome Powell looks to his mentor’s 40-year-old strategy to quell inflation. The lagging impacts from the recent interest rate hikes will inevitably erode demand several months into the future.
Tropical activity in the Atlantic heats up with Tropical Storm Ian potentially making US landfall late next week.
AskWaves looks at what carbon calculators are and why potential and existing customers of freight rail might benefit from them.
Chapter 11 bankruptcy proceedings for trucking company Wyotrans have taken a rocky turn after two of its largest secured creditors claim they haven’t been paid in two months for leased or rented equipment being used to haul freight and that the carrier is behind on insurance premium payments.
Nikola CFO Kim Brady testified in Trevor Milton’s fraud trial that the founder\’s statements \”could be inaccurate or exaggerated.\”
The ports of Halifax and Saint John are taking steps to protect operations as Hurricane Fiona approaches Atlantic Canada.
Darden, the parent company of Olive Garden, Longhorn Steakhouse and others, doubled down on its no-delivery policy.
Championship worthy truckers; toll management; what you need to know about wheels; trade with Mexico; drone delivery and more on WTT
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
© 2022 Gemini Shippers Group.
