SCS Weekly Rundown | May 14th
Minnesota DOT Investing Big in Freight Rail
New grants target enhancements to agriculture, infrastructure and industrial parks.
The Minnesota Department of Transportation has funded 11 of the freight rail improvement
projects statewide, selected from 19 proposals. These grants aim will aim to enhance rail
infrastructure to boost the states competitiveness in global and national markets. Funded
projects include new facilities for agriculture, industrial parks and infrastructure upgrades.
Learn more about these projects here.
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FedEx Freight Shutting Down 7 U.S. Centers
FedEx Freight will close 7 domestic centers in 2024 as part of network adjustments.
The closures will affect centers in Illinois, Kentucky, West Virginia, Minnesota, Arizona,
and Ohio, with some of the employees being offered positions at nearby locations.
Despite these changes, FedEx Freight's footprint remains significantly larger than it's
closest competitors in the LTL market.
Read about their adjustment here.
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Carriers Launching Asia-to-Mexico Services
Major shipping companies are rolling out new routes to bolster Asia-Mexico trade.
These services are designed to support the increasing container traffic and direct Chinese
investments in Mexico, featuring faster transit times and improved port rotations. The
focus is on enhancing efficiency in handling both traditional and refrigerated cargo along
this burgeoning trade corridor.
Dive into this ongoing trend here.
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Canadian Labor Board Risking New Rail Strike
Canada Industrial Relations Board evaluates labor deals for safety and impact.
The impending strike involving over 9,300 CN and CPKC rail workers is delayed while
the board assesses potential risks to public health and safety. This decision highlights the
strike's potential to significantly disrupt the the transportation of crucial goods daily, which
further underscores its economic importance.
Keep up with this story as it develops here.
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