PRIMO LEADING NEWS
WEEK MARCH 11TH TO MARCH 15TH
Transportation prices shown a second consecutive monthly increase in February, yet the rate of growth in transportation capacity surpassed it. This indicates a significant freight cycle recovery is not yet underway.Further, North American inventory levels rose, particularly among upstream firms, signaling a shift towards restocking after the holidays, meaning shippers are going to need to grow even more strategic in managing their assets and finding cross-border coverage. PRIMO”s Cross-Border solutions reduce the noise and provide access to lanes and coverage typically left untapped within the market. This is particularly true in light of recent expansion into new lanes in Mexico.
Winter and early spring storm warnings continue persist in California’s Sierra Nevada due to heavy snowfall and strong winds, leading to the closure of Interstate 80 and other major thoroughfares. The National Weather Service reports significant snow accumulation and extreme avalanche danger, with additional storm warnings extending across Northern California and Nevada. As a result, shippers are looking to expand their networks and find alternate fulfillment routes. PRIMO’s advanced network is built to withstand such risks and allows shippers immediate access to other truckload capacity and lanes when problems arise. This also includes accessing more warehouses in other areas of the country to divert imports away from disruption-affected areas.
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Winter and early spring storm warnings continue persist in California’s Sierra Nevada due to heavy snowfall and strong winds, leading to the closure of Interstate 80 and other major thoroughfares. The National Weather Service reports significant snow accumulation and extreme avalanche danger, with additional storm warnings extending across Northern California and Nevada. As a result, shippers are looking to expand their networks and find alternate fulfillment routes. PRIMO’s advanced network is built to withstand such risks and allows shippers immediate access to other truckload capacity and lanes when problems arise. This also includes accessing more warehouses in other areas of the country to divert imports away from disruption-affected areas.
The U.S. Environmental Protection Agency and the U.S. Department of Energy have initiated a partnership, allocating $9.4 million in grants for advanced biofuel development. This collaboration aims to enhance biofuel technologies to align with the EPA’s Renewable Fuel Standard program, promoting innovation in sustainable aviation fuel and other low-carbon biofuels. Eligible applicants, including businesses and educational institutions, are invited to propose projects focusing on scaling up biofuel production processes and testing technology innovations for renewable fuel processing. This new move will trigger new tech and development within the freight industry, and PRIMO is already ahead of the curve by implementing solutions that reduce emissions and lower total carbon footprints too. This is particularly true with PRIMO’s use of strategic warehouses and extended truckload network.
The success of Direct-to-Consumer (D2C) enterprises heavily relies on technology and a robust logistics tech stack, facilitating personalized experiences and streamlined operations. Through API integration, route optimization, AI analysis, enhanced warehouse processes, and prioritizing customer satisfaction, shippers can better navigate the intricacies of D2C demand. PRIMO’s tech stack is built to handle both traditional and D2C fulfillment models with the robust PRIMO Portal and comprehensive services within the Managed Trans System..