PRIMO LEADING NEWS
WEEK SEPT 16TH TO 20TH
Hurricane Francine just recently made landfall, causing potential disruptions that severely impact logistics operations, causing delays and increased costs. We sincerely hope everyone is okay and able to recover successfully after the storm’s impact. PRIMO’s team is prepared and available to mitigate these effects through proactive management and robust support channels. This readiness aligns directly with the common pain point of hurricane impacts on logistics, ensuring minimal disruption and optimal operational continuity for their clients.
United States Steel Corp. experienced a significant stock price surge following reports that President Biden will delay a decision on blocking Nippon Steel Corp.’s takeover bid until after the presidential election. The delay arises despite Biden’s opposition to the deal, as the matter remains with the Committee on Foreign Investment in the United States (CFIUS). PRIMO’s ability to adapt to changing manufacturing needs ensures reliable logistics solutions, mitigating disruptions in the transportation of manufacturing products amidst such corporate uncertainties.
Danish logistics giant DSV A/S has purchased DB Schenker for $15.9 billion, aiming to become the world’s largest freight forwarder. This acquisition will challenge DSV as it integrates a company of equal size, enhancing its global logistics capabilities and market position. The merger highlights the complexities of large-scale industry consolidation, which can confuse clients; however, PRIMO’s consistent and clear communication is another option for those that want reliable and straightforward logistics solutions with a personalized touch.
In August, the Port of Long Beach recorded its highest cargo throughput in its 113-year history, handling 913,873 TEUs, a 33.9% increase from the previous year and surpassing the last record set in May 2021. This surge was fueled by peak season demand, cargo diversions, and global disruptions, indicating a continued strong performance through the end of the year. PRIMO’s robust network and efficient freight management capabilities are ideally positioned to support the increased drayage needs resulting from this surge in activity at the Port of Long Beach
Fraley and Schilling implemented a mobile driver app that enhances driver autonomy and efficiency by integrating with existing transportation management and electronic logging device systems, allowing for self-dispatching, instant validation of data, and seamless communication between drivers and fleet managers. This technology not only improves the driver experience by reducing uncertainties and providing on-demand training but also increases operational efficiency and revenue. PRIMO’s robust freight management portal, which promises seamless integration and real-time communication, addresses similar challenges by ensuring that drivers and fleet operators have the necessary tools and information to optimize their operations and reduce turnover.