Industry Update

industry

House transportation committee OKs $755M to expand truck parking

WASHINGTON — Legislation to invest $755 million over three years to expand truck parking in the U.S. advanced in the House on Tuesday after an opponent won assurances that the money would come from funds already authorized by Congress. -Read more-

Weekly Transportation Update: Retail Sales Hold Steady

Economic indicators for the consumer and industrial sectors generally are trending up in May compared to April, but inventories are looking less lean. Housing indicators are mixed so far. -Read more-

Technology:

Logistics Providers Work to Set Freight Scheduling Standards

Major Providers Join Forces for a More Efficient Supply Chain. -Read more-

AI opens new frontier in supply chain planning

The pandemic showed that forecasting is more important — and difficult — than ever. -Read more-

Drayage & Intermodal:

Borderlands: Laredo remains nation’s No. 1 gateway for international trade

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Port Laredo remains the nation’s No. 1 gateway for international trade; rail cargo thefts were up 29% during Q1 in Mexico; a Taiwan automotive supplier is investing $1 billion for Mexico expansion; and Forza Steel is building a plant at the Port of Brownsville. -Read more-

Ports Record Steep Drops in April Cargo

Economy, Excess Inventory Cited as Industry Challenges. -Read more-

Truckload

Tonnage in April Drops 3.4% Year-Over-Year

Freight Activity Remains Slow. -Read more-

Dry Van Market: Manufacturing Set for Steady 2023 Expansion

The Spring 2023 Semiannual Economic Forecast by the Institute for Supply Management (ISM) forecasts the U.S. economy will continue to expand softly for the rest of 2023. -Read more-