Container shipping rates spike as Red Sea crisis draws first blood
Imports to Europe and the U.S. East Coast face heavy delays as Operation Prosperity Guardian fails to bring shipping back to the Red Sea.
Imports to Europe and the U.S. East Coast face heavy delays as Operation Prosperity Guardian fails to bring shipping back to the Red Sea.
Canada-based carrier Chohan Freight Forwarders has been ordered to cease operations after multiple overpass collisions in two years.
This week in Borderlands: Lean Solutions Group making big moves in Mexico; China-based tire maker opening $240M facility in Mexico; Mexican authorities again postpone Carta Porte tax document; and new logistics park begins construction along Texas-Mexico border.
Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
Trade between the U.S. and Mexico is forecast to continue to expand in 2024, boosted by nearshoring and increased Mexican exports.
This week in Borderlands: Exports of Mexican-built cargo trucks fell in November; Rotor Clip opens global distribution center in Texas; Chinese automotive supplier completes $30M expansion in Mexico; and border officials seize $10M worth of narcotics in jalapeno paste.
U.S. Customs and Border Protection has reopened the international border crossings at Eagle Pass and El Paso, Texas, according to the freight railroads affected by the five-day closure.
The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea?
The United States imported over $4 billion worth of imports of Christmas decorations in 2022, with most coming from China, Vietnam and Mexico.
The Winnipeg Airport Authority is ready to begin the next phase of its cargo expansion and modernization project with an investment from the Canadian government.
Union Pacific wants customers to lobby Congress to get U.S. Customs and Border Protection to say when suspended freight rail operations in El Paso and Eagle Pass, Texas, will resume.
A new owner sees air cargo potential for underutilized property at Calgary airport in Alberta, Canada.
A growing number of ship operators are refusing to transit the Red Sea and taking a very long detour around Africa instead.
U.S. border officials on Monday suspended freight rail operations in El Paso and Eagle Pass, Texas, in response to a surge in migrants in the region.
The year’s five biggest U.S.-Canada cross-border supply chain-related stories are highlighted.
This week in Borderlands: Mexico averaged 57 thefts a day from cargo trucks in the third quarter; second rail bridge proposed for Texas port of entry; Arizona plans to expand truck parking along highways; and Holt Truck Centers opens facility in North Texas.
Container-ship route diversions — first to avoid the Panama Canal, now to avoid Red Sea chaos — could help offset rate pressure from newbuilding deliveries.
The year’s five biggest U.S.-Mexico cross-border business stories are highlighted.
As war rages in Europe and the Middle East, a new flashpoint in South America could pose more complications for shipping.
This week in Borderlands: A Texas company aims to help keep holiday returns out of landfills; a U.S. logistics firm is building a border trade hub in South Texas; a logistics provider snaps up space in the Houston area; and DHL Supply Chain lays off workers in Texas.
Next year, U.S. importers must navigate canal restrictions, diversions from the Red Sea, more canceled sailings and, possibly, a port strike.
The U.S. and Canada plan to form a joint task force aimed at developing and integrating zero-emissions technologies for locomotives at a wider and accelerated scale.
U.S. crude exports have never been higher. Overseas buyers are incentivizing American producers to pump more “black gold.”
Cargo truck drivers at border crossings in South Texas again are seeing long delays as migrants and additional truck inspections have slowed traffic.
UPS will invest an undisclosed amount of money to build an ultra-modern air package hub at Hong Kong International Airport.
Canada Cartage, one of Canada’s largest transportation and logistics companies, has acquired Montreal-based GTI Group.
Swiss freight forwarder Kuehne+Nagel has acquired Farrow, a Canada-based customs broker, to expand its offerings across North America.
Polish truck drivers are blocking four key border crossings. They’re hoping to draw attention to a European Union regulatory change.
There has been a surge of attacks and threats targeting Israel-linked ships, including one incident where the U.S. Navy came to the rescue.
This week in Borderlands: Eternity Group Mexico unveils a tool for shippers to monitor their carbon footprints; Finkargo closes a $20 million Series A funding round; cargo-partner launches a cross-border shipping solution; and SKU Distribution receives foreign trade zone status for its Arizona warehouse.
Lineage is bolstering its Canadian cold chain logistics network with the expansion of a facility in Calgary.
Mexico orders private freight rail companies to prioritize passenger service over their normal freight operations.
Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.
This week in Borderlands: ITS Logistics is making big moves in the Lone Star State; Lineage Logistics opens a cold chain logistics center in Houston; a metal recycling firm acquires a 55-acre tract at a logistics park; and TQL opens a new brokerage office in Arizona.
BNSF, J.B. Hunt Transport Services and Mexico’s GMXT are launching an intermodal service in January between Mexico and the Midwest.
Mexico tops Canada and China as the No. 1 U.S. trade partner during September with $67 billion in trade.
U.S. agribulk exports to Asia are taking the longer route via the Suez Canal due to Panama transit restrictions.
This week in Borderlands: Three Texas seaports are awarded a combined $37 million in federal upgrade grants; Arcadia Cold Storage opens a Phoenix-area facility; an investment firm acquires California-based Source Logistics; and Fictiv opens a facility in Monterrey.
The Canadian Trucking Alliance has created a tip sheet and reporting guide to root out fraudulent carriers in the trucking industry.
This week in Borderlands: The U.S. mulls terminating a tomato trade agreement with Mexico; Walmart opens a fulfillment center near Dallas; Saddle Creek Logistics is opening a distribution center in Arizona; and layoffs hit GulfMark Energy’s operations in Texas.
Partnerships with other Class I railroads will help the freight rail industry gain market share, CN executives said during the Canadian railway’s third-quarter 2023 earnings call Tuesday.
Experts say Mexico must take big steps to capitalize on nearshoring by improving road security and freight infrastructure, while stabilizing the peso.
The Prince Rupert Port Authority is starting construction on a project that will increase rail-to-container transloading at the Canadian port, particularly for agricultural, forestry and plastic resin products.
This week in Borderlands: Cargo theft trends are changing as supply chains shift to border regions; a $65 million cold storage facility could be headed to Central Texas; Gebrüder Weiss opens a logistics operation in Laredo; and a truck driver is stopped at the border with $12 million in cocaine.
The cross-border trucking industry is recovering from a migrant surge and Texas inspections, trade officials said.
Automaker Tesla’s plan to build a factory in Mexico could be delayed past 2025, CEO Elon Musk said Wednesday.
Patrick Whitehead and Derek Taylor will lead different aspects of CN’s operations as the Canadian railway seeks to make its operations more “innovative” and “modern.”
A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks.
This week in Borderlands: Mexico remains top US trade partner in August, Laredo No. 1 gateway; Eden Green begins $40M vertical farming expansion near Dallas; Production, exports of Mexican-built trucks fall for second straight month; and Port of Brownsville receives $11.5M to overhaul cargo dock.
The Port of Montreal has received funding from Canada’s National Trade Corridors Fund to build a new terminal aimed at boosting the port’s container handling capacity.
The volume of Russian crude exports is growing and the price is rising, spurring the U.S. and its partners to begin sanctions enforcement.
The state of Texas has resumed commercial truck safety inspections at a Laredo border crossing amid backlash from the Mexican president and trade operators.
Geopolitics has always been a key driver of global shipping markets. How could the war in Israel affect rates?
Blasting inspections, Mexico’s president says Texas’ governor has a “hostile attitude.”
CN has released its operational plans for the 2023-2024 winter season. But the Canadian railway says new regulations create some uncertainty.
Texas-based Arrive Logistics recently added an office in Toronto to service its growing Canadian customer base.
This week in Borderlands: Cargobot sees big opportunities with global cross-border trade; Lineage Logistics expands cold chain footprint in Texas; Stitch Fix closes Dallas logistics hub, lays off 558 workers; and Mexican seaport blocked as truckers protest wait times.
Trucks delivering products from Mexico continue to face hourslong waits at Texas ports of entry due to state-run inspections.
Trade officials in the U.S. and Mexico are urging Texas Gov. Greg Abbott to end state-run cargo truck inspections in El Paso and Eagle Pass.
This week in Borderlands: Arizona border officials want Mexico trade lanes reopened; Study finds ending US-Mexico tomato pact could raise prices by 50%; Texas port receives $20M to fund rail infrastructure project; and Accurate Transport opens logistics hub in Houston.
A flood of tanks, military vehicles and weapons systems is flowing from the U.S. to Europe. Shipowner ARC plays a pivotal transport role.
Inflation and economic fallout from the war are curbing demand just as a tidal wave of new ship supply hits the water.
This week: A Michigan-based 3PL aims to capitalize on Mexico trade through an acquisition; San Antonio mulls banning overnight truck parking; a Texas-based electric mini-truck maker begins production; and $9.9 million worth of marijuana is seized at the World Trade Bridge.
Diesel is an essential fuel for the global economy. The world’s second-largest seaborne supplier, Russia, just halted exports.
Texas-run truck inspections at the Mexican border are causing hourslong waits for cargo truckers.
Mexican railway operator Ferromex has halted key northbound freight trains due to migrants hopping aboard and being injured or killed.
Cargo operations at a Texas border port have been temporarily suspended due an influx of migrants from Mexico.
This week in Borderlands: Mexico remained the top U.S. trade partner in July and Laredo was the No. 1 gateway; production and exports of Mexican-built trucks slipped in August; Maersk has teamed up with Fabric to open a Dallas e-commerce center; and a cargo checkpoint opens at a Texas border port of entry.
TFI International has acquired food-grade tanker carrier Vedder Transportation Group.
Canadian railway CN and Norfolk Southern are partnering to create a domestic intermodal service that will connect Canadian customers with markets in the U.S. Southeast.
Brokerage giant C.H. Robinson has opened a 400,000-square-foot cross-dock distribution center in Laredo, Texas.
This week in Borderlands: Mexico averaged 58 cargo thefts a day in the second quarter; APM Terminals invests $140 million to expand a facility at a Mexico seaport; XPO adds capacity at a Texas facility; and Jaguar Transport Holdings will operate a Dallas transload facility.
This was supposed to be a banner year for crude tankers, but output cuts and the Russian price cap are keeping rates under pressure.
Taiwan-based electronics maker Foxconn is betting big on Mexico with a $500 million investment.
Rail service for the 2023-2024 crop year in Canada is expected to be smooth — provided that weather conditions and unforeseen global events cooperate.
Texas’ population and gross domestic product are expanding at a faster rate than California’s.
This week in Borderlands: Solar panel maker building $1B factory in New Mexico; McMaster-Carr to open $360M distribution center in Fort Worth; Startup Aircon raises $3.3M in seed funding; and Texas-based Ever.Ag acquires logistics platform.
Persistent congestion and higher delays at the Panama Canal could lead to lasting changes in global LPG shipping flows.
A nationwide trucker strike in Mexico has been postponed after the group behind the protest negotiated a deal with Mexican authorities.
This week in Borderlands: Mexico’s truckers plan nationwide strike, blockades; $142B announced for Texas transportation infrastructure; Fresh Del Monte moving to Port Freeport; and border airport adds commercial cargo operations.
STG Logistics will extend its reach in Canada by offering “port-to-door” services in six new markets in addition to the Toronto and Montreal markets that it already serves.
Canada is pushing back against the latest U.S. decision to keep imposing import tariffs on Canadian lumber.
Jagger Canada Inc. is being fined $37,500 by the province of Ontario for failing to comply and clean up a fuel spill in 2019.
This week in Borderlands: US-Mexico cross-border trade may hit $1 trillion by 2028; Railway expands freight capacity with new bridge in North Texas; Toms taps Texas logistics software provider as U.S. fulfillment partner; and CBP discovers 1st-in-nation pest in Southern California.
The global coal trade is thriving, with dry bulk ships busy carrying the loads. As the West consumes less coal, Asia buys even more.
Rail volumes to and from the Canadian ports of Vancouver and Prince Rupert are returning to normal after the 13-day strike in July, although capacity to catch up on the backlog appears limited for now, according to RailState’s analysis of its data.
U.S. officials have called for a dispute panel over Mexico’s plan to stop importing genetically modified corn from farmers in the United States.
Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.
Canadian carrier Highlight Motor Group is building a $250 million facility near Toronto that includes offices, warehouse space, a truck yard and a repair shop.
Price caps have been breached, discounts on Russian exports are dwindling, and more money is flowing to Russian coffers.
This week in Borderlands: Lectra sees more manufacturers leave Asia for the Americas; steel wire maker opens $22M logistics hub in South Texas; GrubMarket acquires Pharr, Texas-based London Fruit; and chemical logistics provider to open distribution facility in Arizona.
Looking ahead, Taiwanese ocean carrier Yang Ming said that “the overall momentum for economic recovery over the next two years still appears relatively weak.”
Ocean carrier HMM attributed much of its first-half net-profit nosedive of 90% to overcapacity in the container shipping industry.
This week in Borderlands: 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 to a Texas border crossing.
DOT’s inspector general recommends FMCSA take steps to clamp down on foreign carrier safety compliance.
This week in Borderlands: BNSF Railway rethinks its plan to build a Texas logistics center after community opposition; Paschall Truck Lines adds a new cross-border terminal; Niagara Bottling will build a logistics center in Central Texas; and the Commerce Department honors three Texas-based export businesses.
CPKC eyes opportunities for intermodal and for beefed-up business in Mexico to help recoup higher costs and lost revenue in the second quarter.
Consumer demand is putting pressure on intermodal and lumber volumes and that is weighing on how CN views the back half of this year.
Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.
This week in Borderlands: Mexico, Port Laredo remain on top for US trade; WeFreight expands operations into Mexico; cross-border carrier acquires 140 Navistar tractors; and nearly 50 pounds of cocaine seized from cargo ship in Texas.