PRIMO LEADING NEWS
WEEK SEPT 23RD TO 27TH
The Port of Long Beach, experiencing a 34% rise in cargo volumes, is prepared for additional capacity increases due to potential labor strikes at East and Gulf Coast ports. With a robust infrastructure and the Short Term Overflow Resource yard, the port is equipped to handle increased shipments efficiently, avoiding the backlogs and delays seen during the pandemic. PRIMO’s extensive network and freight management capabilities align perfectly to support businesses navigating the shift from East Coast ports, ensuring seamless cargo handling and distribution.
The intermodal market has been experiencing slow recovery from a freight recession, complicated by global disruptions and potential strikes which could further impact the U.S. economy and supply chain. Experts at the Intermodal Expo 2024 discussed strategies to regain market share and adapt to new shipping routes due to geopolitical tensions. PRIMO’s integration of advanced technology and personalized support directly addresses the complexities of managing disrupted intermodal logistics, providing a seamless, efficient solution for businesses navigating these challenging market conditions.
The Federal Reserve announced a significant half-point rate cut, the first since March 2020, aiming to reduce the economic strain from high borrowing costs and support the U.S. economy’s recovery from pandemic disruptions. This move, signaling a shift in the central bank’s approach to controlling inflation without destabilizing the job market, reflects their commitment to maintaining economic stability and growth. As the battle for better rates in trucking continues due to ongoing economic volatility, PRIMO’s robust network and pricing intelligence offer a stable solution in managing freight costs effectively.
The U.S. Department of Transportation Advisory Committee on Human Trafficking has released a comprehensive report, emphasizing the transportation sector’s crucial role in fighting human trafficking through training and awareness among transportation workers. The report, built on collaborations with various stakeholders, has led to increased counter-trafficking efforts, notably through initiatives like Truckers Against Trafficking. PRIMO’s commitment to safety and compliance aligns with the industry’s focus on human trafficking prevention, ensuring a secure and vigilant transportation network.
Telematics systems are revolutionizing fleet management by providing predictive maintenance and performance optimization through detailed data analysis. However, the integration of these systems introduces significant cybersecurity risks, as they often lack robust security measures, making fleets vulnerable to cyber-attacks. PRIMO’s integration capabilities and human-first approach provide a secure solution that mitigates these cybersecurity risks, ensuring fleet efficiency without compromising safety.