PRIMO LEADING NEWS
WEEK JUL 29TH TO 2ND
The Business Roundtable’s recent report highlights the pressing need to diversify and secure supply chains amidst geopolitical risks, particularly involving U.S.-China relations. Focusing on critical sectors such as minerals, pharmaceuticals, and electronics, the report calls for enhanced trade agreements, a competitive tax code, workforce modernization, and streamlined regulations to increase resilience and competitiveness. PRIMO’s logistics solutions address these issues by offering real-time communication and enhanced coordination, ensuring reliable and compliant shipment of essential materials. This not only mitigates risks but also strengthens the resilience and security of critical supply chains as recommended in the report.
Lease rates for megawarehouses of 1 million sq. ft. or larger rose by 35% in the first half of the year, despite an increase in new construction. New supply levels contributed to a slight decline in rents for these large facilities. Traditional retailers and wholesalers were the primary lessees. Warehouse customers consistently face limited capacity and the need for real-time communication and service, particularly in high-demand markets like California’s Inland Empire. PRIMO’s cross-docking and strategic network locations provide extensive capacity solutions and innovative real-time tracking technologies to optimize warehousing operations and enhance customer satisfaction.
The Gordie Howe International Bridge, now an official border crossing between Detroit and Windsor, is set to complete by fall 2025, dramatically enhancing trade efficiency along one of the busiest U.S.-Canada commercial points. The bridge’s completion promises to streamline freight and commuter traffic, reducing congestion and improving transportation timelines. PRIMO’s cross-border capabilities are ready to support this additional border crossing with advanced tracking solutions and real-time communication systems. PRIMO ensures reliable and transparent transportation, directly mitigating the challenges highlighted as this new infrastructure transforms the border-crossing landscape.
Fleet operators are increasingly deploying dash cameras to enhance safety, mitigate crashes, and mitigate risk, but driver acceptance remains crucial. Effective communication and driver engagement are vital for successful technology rollouts. However, existing technologies are still having trouble integrating with these new capabilities. Limited visibility into transit and ETA, accompanied by the need for real-time communication, are troubling issues for fleet operators. PRIMO’s tech stack is future-ready for these innovations and tackles these issues head-on by incorporating advanced in-cab technology, enabling real-time tracking, and fostering transparent driver communication, ultimately improving transit visibility and coordination.
The digital freight matching market is projected to grow from over $23.9 billion to more than $101 billion by 2032, driven by the increasing demand for efficient and cost-effective freight transportation solutions. Leveraging machine learning and AI, DFM platforms match shipments with available carriers in real time, reducing empty miles and enhancing logistics efficiency. This digitalization is alive and well at PRIMO, which facilitates better route planning, load optimization, and supply chain visibility, contributing to reduced fuel consumption and emissions, thus supporting global sustainability efforts.