SCS Weekly Rundown | September 10th, 2024
No Labor Day Reprieve For Trucking
Labor Day fails to energize the trucking sector in the way many expected.
This Labor Day missed the usual seasonal surge in trucking activity, with both spot rates and rejection rates showing minimal changes. The dry van spot rates also took a small hit, and with the freight market currently on the brink of potential volatility due to upcoming seasonal shifts and external economic factors, the industry remains on notice.
Read the entire story here.
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Port of LA Surpasses Laredo in July Trade
The Port of Los Angeles now sits as the top U.S. trade gateway.
In July, the Port of Los Angeles overtook Laredo, Texas, securing the top spot as the leading U.S. trade gateway, thanks to a significant increase in trade activity. The rise was due largely to boosted container imports from Asia. Despite the changes in leading ports, Mexico remains as the most significant trade partner, especially in the technology, automotive, and energy sectors.
Get more details on this trend here.
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New Bridge Enhancements at Montreal Port
Montreal Port Authority starts a major round of upgrades on the Pie-IX rail bridge.
The MPA has initiated a rehabilitation project for the Pie-IX rail bridge, with the goal of bolstering long-term viability and supply chain fluidity. The project includes adding a fourth track and other structural enhancements to improve the logistics network and service quality. Ready in 2025, these upgrades will boost rail efficiency and align with environmental sustainability goals.
Dive into the project details here.
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Illinois Trucking Firm Shuts Their Doors
Midwest Transport has shuttered, leaving hundreds of employees out of work.
Midwest Transport Inc. abruptly ceased operations, affecting over 650 employees, 480 of which were drivers. The shutdown follows recent inspections revealing significant compliance issues, despite active contracts and authority statuses. With this sudden closure comes a wave of uncertainty regarding the stability of regional mail transportation services.
Stay up to date with this story here.
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