SCS Weekly Rundown | April 16th, 2024

  Hope Shines Through For The Panama Canal

    The Panama Canal Authority has begun planning for their eventual rebound.

    Aided by recent rainfall that was abundant enough to stabilize water levels, the PCA
    anticipates regular operations to resume by 2025. This change couldn't come at a better
    time, as the drought not only impacts the economy, but doubles as a water source for
    nearly half the people of Panama.

    Learn about the latest updates in this story here.
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  March Import Volumes Continue To Grow

    Year-over-year growth in container imports is driven by holiday and port changes.

    Last month, U.S. container import volumes noted another monthly rise and a notable
    annual growth, influenced by the delayed Lunar New Year. The East Coast is now in
    command of nearly half of all total imports, with small increases observed in western
    ports such as Oakland and Tacoma as well.

    Read all the details on this outlook here.
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  Widespread Logistics Layoffs Across The U.S.

    Due to market conditions, operations around the country have slashed work forces.

    Universal Logistics has closed two subsidiaries in Detroit, cutting nearly 700 jobs in the
    process. This wave of layoffs in the logistics industry includes companies like Swissport
    Cargo Services and The Kroger Co., who both lost contracts and faced severe operation
    under-performance.

    Get all the updates on this trend by clicking here.

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  Volvo Opening New Truck Plant In Mexico

    Volvo's new plant will support truck demand across all North American markets.

    Volvo Group is set to establish a new heavy-duty truck manufacturing facility in Mexico
    to enhance its U.S. production and support North American market growth in the process.
    The facility is expected to open in 2026, producing both Volvo and Mack Trucks.

    Dive into the full article here.

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