SCS Weekly Rundown | July 2nd, 2024

U.S/Mexico Truckers Rally for Better Conditions

Truckers have begun to rally together, demanding better wages and conditions.

Around 75 truckers from U.S. and Mexican unions are protesting across West Texas to address the low wages and harsh working conditions they face. They are demanding the right to organize collectively and tackle issues like wage cuts, unsafe environments, vehicle thefts and more.

Get all the details on this movement here.
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Current Challenges and Trends in Logistics

Examining the impact of low rates and excess capacity on the global supply chain.

The logistics industry is experiencing low freight rates and surplus capacity. Carriers face rising operational costs and regulatory challenges, leading to reduced capacity and closures. Nearshoring boosts domestic manufacturing, though freight demand remains weak.

Learn more about these challenges in the full article here.
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Supreme Court Shifts The Regulatory Balance

With the Chevron Doctrine overturned, freight power dynamics will change rapidly.

The U.S. Supreme Court's decision to overrule the Chevron doctrine does boost a carriers' ability to challenge federal regulations, but while this shift does grant leverage against overreach, it also raises concerns over the risks of reduced federal oversight and potential regulatory gaps.

Dive into the full story here.

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Maritime Disruptions Persisting for Shippers

Amid the list of geopolitical conflicts and disruptions, ocean spot rates surge again.

Ocean spot rates for shipping containers leaving China and heading to North America have reached their highest levels since 2022. Despite stable demand for goods, disruptions like the rebel attacks throughout the Red Sea or the Palestine/Israel conflict have led to inflated costs and capacity challenges.

Explore the impact of these disruptions and surges here.

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Dax Steenbergen