PRIMO LEADING NEWS
WEEK JANUARY 8TH TO 12TH, 2024
US, MEXICO & INDUSTRY
Companies Look to Move Into Mexico for Production, Seek Logistics Partners
JANUARY 8, 2024
Pain point: Companies are shifting away from China.
A recent AlixPartners survey indicates a significant shift in North American companies’ sourcing strategies, with nearly 75% planning to reduce their sourcing from China. This trend is leading to increased interest in Mexico and the U.S. as alternative production locations, driven by factors like cost, risk adjustment, and legislative changes. As a result, more shippers will turn to additional logistics partners for help in managing this nearshoring need. And PRIMO is an expert for nearshoring in Mexico.
CBP Reopens Shuttered Rail/Cross-Border Commercial Lanes in Texas
JANUARY 9, 2024
U.S. Customs and Border Protection has resumed full operations at key Southwest ports of entry, including an international bridge in Eagle Pass, Texas, and two Mexico crossings in Arizona. This reopening is crucial for the resumption of commercial cargo movements, which faced significant delays as crossings came to a halt in recent weeks. PRIMO’s network relationships and transload options are well suited for not only this change of pace but potential issues down the road.
Declining Houstonian Port Cargo Warrants Care From Shippers.
JANUARY 10, 2024
Port Houston managed nearly 3.5 million TEUs in November 2023, a 5% decrease from the previous year, highlighting the importance of efficient logistics management. PRIMO’s drayage and open spot availability services are designed to address these fluctuations, ensuring smooth cargo movement.
TRUCKING
Changing Freight Pricing Brings Welcomed Relief for Truck Shippers
JANUARY 11, 2024
Transportation metrics in December showed an increase in capacity and a decline in prices, according to a Logistics Managers’ Index report. This trend, signaling a potential shift in the freight cycle, highlights the importance of adaptable logistics strategies. In turn, more companies will want to visit with freight specialists, i.e., PRIMO, to get the most from their trucking networks.
TECHNOLOGY
New Study Finds Lacking Data Use Affects Procurement Efficiency, Means Shippers Should Invest
JANUARY 12, 2024
Organizations are increasingly turning to digital procurement solutions for better data access and spend visibility. However, a significant gap remains in fully leveraging this data for strategic decision-making, highlighting the need for advanced analytics capabilities. Strategic data use is a hallmark characteristic of PRIMO’s Managed Trans System, combining the best of people, process, and tech into one solution to improve procurement.