PRIMO LEADING NEWS

WEEK JUL 15TH TO 19TH

U.S. & INDUSTRY

Inflation Surges, Rate Cuts in Question, Highlights Possible Trouble for Shippers

In June, wholesale price inflation in the U.S. unexpectedly accelerated, marking the highest rate since March 2023, primarily driven by a significant rise in final demand services. This development contrasts with the cooling consumer price inflation, suggesting ongoing economic volatility. PRIMO addresses this by offering strategic freight management solutions that help shippers navigate the complexities of inflationary pressures, ensuring cost-effective and efficient logistics operations.

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Reshoring Surge Boosts U.S. Manufacturing Jobs, Demand for Logistics Providers

Economic uncertainties and investment in U.S. manufacturing have driven significant growth in essential industries, leading to increased job announcements, particularly in the Southern U.S., with reshoring at an all-time high. This surge in manufacturing jobs highlights the critical need for resilient supply chain solutions that can adapt to rapid changes and increased demands. PRIMO’s extended network and advanced freight management capabilities directly address the growing need for efficient and reliable logistics services amidst the reshoring trend.

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Trucking

Fleet Management Challenges Escalate in 2024, Puts Logistics Management at the Heart of Fleet Management

The 2024 Shell Fleet Solutions survey highlights total cost of ownership, safety, and efficiency as major concerns for the trucking industry, with a significant focus on sustainability and the adoption of electric vehicles. Economic and political factors, including supply chain disruptions and inflation, continue to affect fleet operations. PRIMO’s integration of advanced freight management solutions directly addresses the industry’s need for streamlined operations and cost-efficiency, mitigating the volatility in trucking costs and simplifying partner vetting for shippers.

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U.S. Truck Sales Continue Downward Trend in June, Push Strategic Partners Like PRIMO

U.S. Class 8 retail sales fell for the 11th consecutive month in June, experiencing a 24.7% decrease to 18,134 units compared to the previous year, with Freightliner maintaining the largest market share despite a significant drop. This ongoing decline in truck sales underscores a tightening in capacity, emphasizing the necessity for quality logistics partners like PRIMO to navigate these challenges effectively.

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TECHNOLOGY

Harnessing Talent for Future Supply Chain Success Demand Tech-Rich Solutions

The evolving supply chain sector emphasizes the integration of AI, sustainability, and talent development, focusing on competitive compensation, flexible work models, and career growth opportunities to attract and retain skilled professionals. Companies are investing in cross-functional training and clear career paths to ensure they have the skilled workforce necessary to handle increasingly complex global supply chains. PRIMO addresses the logistics industry’s challenge of attracting top talent by providing a tech-enhanced, people-powered service model that offers seamless integration and bespoke solutions, thus eliminating the technological burdens for shippers and enhancing access to skilled logistics experts.

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