This week in Borderlands: Cargo theft surges in Q3 as criminals adopt new tactics; LG Innotek to invest $189M in new Querétaro plant; and Watco Logistics acquires Texas-based Colossal Transport.| FreightWaves
This week in Borderlands: Uber Freight bets on cross-border growth as trade surges 21%; GE Aerospace to Invest $29M in Mexico Expansion; and Binary Container Logistics expands with major Texas lease.| FreightWaves
Mexico is proposing a 50% tariff on Chinese imports while banning shoe and small-package shipments to align with U.S. trade pressures.| FreightWaves
Money-losing truckload carrier PAMT was in violation of a lender’s covenant at the close of the second quarter.| FreightWaves
Participants at a pair of CERAWeek panels expressed excitement for hydrogen as the “fuel of the future” in trucking but starkly acknowledged the high infrastructure costs to make it happen.| FreightWaves
California’s environmental regulators have adopted the Advanced Clean Fleet rule designed to transition away from diesel vehicles in the state.| FreightWaves
California won’t enforce its rule that only zero-emission vehicles can be registered as drayage trucks after the start of 2024.| FreightWaves
FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our customers to benchmark, analyze, monitor and forecast the global physical economy.| FreightWaves
Precision Scheduled Railroading, or PSR, is the operational method of running a railroad for maximum asset utilization by which freight movements are scheduled and managed on the individual carload (rather than entire train level). That contributes to efficiency improvements by, for instance, using more direct point-to-point routing, bypassing classification terminals, and having the flexibility to use long mixed-commodity trains.| FreightWaves
Union Pacific and Norfolk Southern could announce a merger as early as next week, according to a published report.| FreightWaves
The waiver the EPA granted to California to allow its Clean Trucks rule to proceed has states lined up in court on either side of the issue.| FreightWaves
The two rules are designed to work together, one aimed at OEMs and the other at buyers of their products.| FreightWaves
The EPA granted California a waiver to implement its Advanced Clean Trucks rule, which puts zero-emission-vehicle mandates on OEMs.| FreightWaves
Tender rejection data in the FreightWaves SONAR data platform shows that the freight market bottomed on May 14. Since then, conditions for carriers have slowly been improving.| FreightWaves
A new attempt to keep California’s independent contractor law AB5 from the state’s trucking sector was thoroughly rejected by a federal judge this week.| FreightWaves
California has asked the Environmental Protection Agency for a waiver to implement the Advanced Clean Fleets rule.| FreightWaves
John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was aw...| FreightWaves
There may be plenty of hand-wringing about California’s Clean Fleets rule, but fleets are advised to start getting ready for it.| FreightWaves
The EPA is seeking comment on whether to grant California a waiver to enforce the Advanced Clean Fleets rule.| FreightWaves
A coalition of far-flung states has filed a lawsuit to fight California’s Advanced Clean Fleets rule.| FreightWaves
