PRIMO LEADING NEWS
WEEK JUNE 24TH TO 29TH
A massive dust storm in New Mexico and extreme heat across the US highlight escalating weather challenges, while Tropical Storm Alberto impacts both Mexico and Texas with severe flooding and winds. These weather disruptions underscore the critical need for robust logistics solutions like those offered by PRIMO, which can help mitigate the impact of such events on transportation and supply chains.
In 2024, procurement faces heightened challenges due to increased geopolitical uncertainties and the complex, interdependent nature of global supply chains, as detailed in a recent HSBC report. Companies are advised to build more resilient supply chains, source closer to home, and continuously reassess risks to mitigate disruptions. PRIMO’s robust network and advanced load-matching capabilities directly address these procurement challenges, enabling shippers to streamline their sourcing strategies and focus more on growth and customer service.
U.S. medium-duty truck sales decreased by 6.1% year-over-year in May, marking a reversal after six months of consecutive gains, with notable declines in Classes 4 and 6 despite increases in Classes 5 and 7. The fluctuating sales reflect ongoing adjustments in inventory levels and market expectations, with major brands like Freightliner and Ford leading in sales for Classes 7 and 5 respectively. The variability in truck sales underscores the challenges businesses face in maintaining optimal capacity, a pain point PRIMO addresses by offering extensive sourcing options through its robust network and advanced freight management capabilities.
The American Petroleum Institute and the Owner-Operator Independent Drivers Association have filed a lawsuit against the EPA’s new emission standards for heavy-duty vehicles, arguing the technology required does not yet exist and could drive small trucking businesses out of the market. This regulation threatens the reliability of the U.S. supply chain by potentially increasing operational costs and complicating compliance for small truckers. PRIMO helps shippers navigate these regulatory uncertainties, ensuring that carrier compliance is maintained, thus protecting the efficiency and cost-effectiveness of their supply chains.
In may, the trucking industry recorded a 3.6% increase in tonnage, the first year-over-year gain in 15 months, according to the American Trucking Associations. This uptick suggests a potential beginning to recovery in the truck freight market. As more tonnage leads to tighter capacity, PRIMO’s advanced capacity utilization strategies across full truckload (FTL) services help maintain cost efficiency for businesses relying on freight services.