PRIMO NEWSLETTER
Week August 28th to 31th, 2023
TRUCKING
Estes & ODFL Enter Bidding Race to Buy Yellow Assets, Terminals
August 21, 2023
Estes and ODFL appear highly interested in purchasing the terminals and assets left behind following Yellow’s demise. Based on current indicators, The bidding war will continue through September.
On-Highway Diesel Fuel Prices Continue to Slip
On-Highway Diesel Fuel Prices continue moving upward, according to EIA data, rising %0.011 compared to last week, but this is still despite a stronger YoY decline.
Electrical Vehicles Suppliers Express Worry as Semiconductor Shortage Continues
August 4, 2023
The semiconductor shortage of recent years isn’t yet over, and EVs require double the semiconductors of a typical vehicle. That will make it more complex and slightly confusing for companies struggling to figure out what node size is needed for manufacturing, which suppliers have them, and how to get them with limited trucking capacity today.
TECHNOLOGY
Drayage Efficiency Gains Through Tech Spotlighted by JOC
JOC reported that PortPro will be hosting a webinar on Tuesday, August 29, 2023 to discuss how companies can improve efficiencies and streamline drayage through technology. This webinar will surely be an interesting event to show what’s happening in the industry; everyone could benefit from watching its replay!
Centralized Energy Systems in Ukraine Highlight Need for Decentralized Production
Aug 24, 2023
Lean works, but it’s not the best strategy when things go wrong, and Ukraine’s weakness in the current conflict is a perfect example of the problems that happen when all the technology and resources are put into one basket. The impacts will likely lead to greater diversification of power plants and resources across all industries in North America too.
ESG-Conscious Companies Improve Customer Retention
August 22, 2023
Implementing ESG initiatives impacts supplier behaviors substantially; 20% will go the extra mile for brands they see as customers of choice. In other words, digital tech and optimization can help you get and retain customers.
Other Top Stories You Should Know
Florida Readies for Hurricane Idalia Impact, Area Braces for Potential Hurricane Franklin
August 22, 2023
With the West Coast climbing from the trenches of the soaking rains and the impact of Hilary, the East Coast is preparing for other effects, particularly the intensification of Tropical Storm Idalia into a full hurricane that will impact the Gulf areas of Florida and much of the southeastern coast. These events will impact the supply chain, and you should be ready to respond, moving freight out of the area or adapting to potential evacuation orders.
Inter Miami CF Advances to 2023 Lamar Hunt U.S. Open Cup Final
August 23, 2023
The excitement of the crowds finally settled on Wednesday evening, but there’s a buzz about what might happen in the 2023 Lamar Hunt U.S. Open Cup Final! Regardless, it reminds us of everything that goes into making the sports industry so great–from the snacks from our favorite food suppliers to an ice cold beverage, it’s another sign that the supply chain is everywhere.
Nvidia Readies Plan to Buy-Back Shares, Signals Growth to Come
August 24, 2023
As the first stock to ever surpass the trillion dollar mark, Nvidia is well known, and while Nvidia chip-maker rivals have seen their stocks fall in recent days, Nvidia saw its stock rise to $502.66, up 223$ year-to-date. That indicates that the semiconductor industry will get even more interesting.