PRIMO LEADING NEWS
WEEK OCT 21ST TO 25TH
FedEx and UPS have implemented numerous surcharges and fees on top of their shipping discounts, which are increasing the total parcel spend for shippers, particularly affecting their budgeting and financial planning. These additional costs are creating opportunities for alternative carriers that offer more transparent and stable pricing. PRIMO addresses these challenges by providing competitive pricing options that help customers avoid unexpected costs and maintain budget control.
The recent resolution of the ILA strike at U.S. East and Gulf Coast ports has ended active disruptions but left a significant backlog and freight congestion that could impact operations well into October. Despite a temporary deal preventing immediate further strikes, unresolved issues like automation integration threaten future efficiency and competitiveness. PRIMO’s robust network and human-first approach effectively address these pain points by ensuring smooth, integrated logistics solutions during such freight congestion crises.
Federal officials have proposed banning cargo traffic from the Bridge of the Americas in El Paso to facilitate a $700 million infrastructure upgrade, drawing significant criticism from trade community members who foresee catastrophic impacts on daily operations and increased congestion at alternative routes. About 500 northbound cargo trucks cross this bridge daily, supporting significant economic activity between El Paso and Juarez, which is crucial given that the U.S. market absorbs 95% of imports from Juarez. PRIMO’s logistics solutions mitigate such disruptions by offering robust network support and real-time load-matching capabilities, ensuring smooth and efficient cargo movement even in the face of infrastructural changes.
The Biden administration is providing a $671 million loan to Aspen Aerogels Inc. to construct a new plant in Georgia aimed at producing thermal barriers for electric vehicle batteries. This initiative is part of a broader effort to enhance the domestic supply chain for electric vehicles and address safety concerns related to battery fires. PRIMO’s robust logistics network and expertise in transporting sensitive materials like EV batteries ensure manufacturers can rely on timely and secure delivery of essential components.
The trucking industry has rapidly adopted AI technologies to enhance operational efficiency and resilience, spurred by economic pressures and the need for greater optimization during the coronavirus pandemic. Innovations in AI are being used not to replace human labor but to augment it, enabling quicker decision-making and better resource management. PRIMO’s integration of advanced technologies addresses the traditional limitations in trucking automation and digitization, significantly enhancing operational efficiency and communication.