PRIMO LEADING NEWS
WEEK DECEMBER 25TH TO 29TH, 2023
GLOBAL IMPACT
Red Sea Threats on Vessels Expected to Lead to Major Container Shortage
DECEMBER 25, 2023
Following multiple Houthi attacks on commercial liners since mid-December, more carriers are choosing to divert ships around the Horn of Africa, leading to added travel time for cargo ships and pushing rates higher. This risk comes at a perilous time as the traditional only other major route available would involve the Panama Canal, which is already experiencing a historic drought. And now, the delays caused by the rerouting and some concerns over ship’s knowingly deactivating their AIS transponders to avoid attacks have led Lars Jensen of Vespucci Maritime, to note that containership traffic will lead to a shortage of approximately 1.8 million TEUs. This means that now is the time to get EXTRA strategic in planning drayage and street turn containers. PRIMO can help achieve those goals with our comprehensive network and visibility-driven technology and processes.
Technology
New Sustainability Coalition “The Constellation” Seeks to Protect Supply Chain Capabilities
december 26, 2023
A new supply chain sustainability initiative, known as “The Constellation,” is in the works and backed by 40+ organizations. The idea behind this collaboration is to leverage collective data and build out methodology and metrics that can better enhance an organization’s sustainability and minimize the impact on climate. Together, this is just another example of how today’s brands are building a greener future. PRIMO is aligned with this mission and actively works to increase visibility in all activities and across all modes.
Tech Transformation: Embracing New Avenues for Efficiency
december 27, 2023
The integration of robots with automated storage and retrieval systems is revolutionizing warehouse efficiency. This technological advancement is reshaping the logistics landscape, offering new opportunities for enhanced visibility and integration. PRIMO’s managed transportation system is designed to capitalize on these technological innovations, providing shippers with advanced solutions that streamline their operations and enhance overall efficiency.
US AND INDUSTRY
Texas Border Rail Crossing Closures Lead Shippers to Explore Alternate Options
December 28, 2023
The confusion over the Texas-Mexico border has now spilled over into the freight world. Two major railroad bridge crossings were closed on December 17, 2023, and transferring loads between rail and another mode is going to present new challenges for shippers. Most likely, that will lead to an increased use of transload facilities and truckloads to facilitate cross-border trade through the foreseeable future. PRIMO is well-versed in handling the nuances of cross-border logistics and has a network of strategically located warehouses perfect for this situation.
West Coast Wonders: Navigating Record Growth in Container Volume
December 29, 2023
San Pedro Bay ports have reported a significant increase in container volumes, with the Port of Los Angeles and the Port of Long Beach experiencing substantial year-over-year growth. This surge, driven by rising consumer demand and online shopping, highlights the critical role of efficient cargo movement in Transpacific trade. Further, higher-than-expected demand in the area will lead to a run on available drayage trucking, creating congestion at port terminals, and resulting in bottlenecks and higher rates for the area. PRIMO’s drayage and open spot availability services are perfectly poised to manage these growing demands, offering shippers reliable and agile solutions in this bustling trade gateway.