Menu
PRIMO LEADING NEWS
WEEK APRIL 8TH TO APRIL 12TH
The amount of new construction across nonresidential projects has led to a unique issue, potential for more open-deck capacity across the US. However, all data also suggests that this dip is only temporary. As a result, shippers mustn’t grow complacent and should work to improve their access to all modes. Furthermore, the ability to secure additional coverage options for all industries will inevitably change, and now’s the time to track that capacity and strategically plan for potential resurgence in the construction industry, capabilities that are within the core PRIMO wheelhouse.
The rebounding freight market is again in turmoil as Trans=Pacific ocean container rates fell 17.8% over the past week. This combines with increased risk in grey market activity and risk of problematic products/shipments coming out of Asian manufacturing facilities. Shippers have only one recourse in this situation, knowing what’s happening and where they should prioritize their focus. As a result, the ability to track and trace their shipments, regardless of where they are in the shipping process will be key, especially as trends for nearshoring continue. The PRIMO tech stack is well suited to provide this level of support and visibility.
Crews have nearly finished clearing the wreckage of the Francis Scott key Bridge, and major terminal operators are now preparing for an influx of demand. This is a delicate situation that requires balancing demand and resource availability, and it’s a much wider problem when you consider that other ports are still trying to pick up the slack of diverted loads following the disaster. PRIMO’s coverage solutions are in place to support inland coverage, intermodal and drayage needs to support the area.
For the first time after two consecutive months of growth, the total number of Class 8 truck orders has declined 9.9%. This indicates that demand for trucks may be declining overall among carriers and service providers, but it’s not a total sign of collapse. Rather, it’s an indication that shippers should consider working their strategic partnerships to ensure they’re not subject to higher freight costs down the road. PRIMO’s able to mitigate that risk by offering access to a wider network of service providers.
Companies across the country are exploring alternatives to traditional diesel-powered HD trucks for logistics. The goals are to maximize performance while overcoming clear infrastructure problems within the idea of a full EV-based transportation system. PRIMO is able to provide complete transparency into shipment locations at all times, allowing carriers to potentially better plan their routes, and it will also give rise to insight into where companies building the EV infrastructure should focus. It’s the time to think about your supply chain beyond each shipment and think about the full purview of your network, and PRIMO can help you do that.