North America is a Growing Attraction for Manufacturers Looking For Security

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Written By Jennifer Joslyn

🚢 North America is a Growing Attraction for Manufacturers Looking For Security.

North America is increasingly becoming a preferred location for manufacturers seeking greater security and flexibility in their supply chain. This shift in focus is due to companies reevaluating their long-standing sourcing strategies and recognizing the need to adapt to changing market conditions. With a regional-based product pipeline, companies can be more agile and better able to respond to changing consumer demand, reducing lead times and costs associated with transportation and logistics.

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Class I Railroads in North America Seek to Enhance Service Quality to Counter Trucking Competition
Class I Railroads in North America Seek to Enhance Service Quality to Counter Trucking Competition

Leaders of Class I freight railroads in North America have emphasized the importance of improving service quality to compete with the trucking industry and address the decline in intermodal market share.

North American Class 8 Truck Orders Experience Second Consecutive Year-Over-Year Increase in June
North American Class 8 Truck Orders Experience Second Consecutive Year-Over-Year Increase in June

According to ACT Research, North American Class 8 truck orders rose by 4.5% year-over-year in June, marking the second consecutive month of growth.

How Nearshoring is Transforming the LTL Industry
How Nearshoring is Transforming the LTL Industry

Nearshoring, the practice of moving manufacturing operations closer to North America, is unlocking growth opportunities in the less-than-truckload (LTL) freight transportation industry.

Companies Repatriating Production due to War, Economic Woes, and Social Media
Companies Repatriating Production due to War, Economic Woes, and Social Media

As global supply chains face disruptions caused by factors like the Ukraine conflict and China's economic slowdown, a growing number of companies are opting to bring their production back home.

Semiconductor manufacturing is still hindered by US supply chain issues
Semiconductor manufacturing is still hindered by US supply chain issues

A recent report highlights the success of reshoring initiatives, leading companies to scramble to find manufacturing operations in the United States and Mexico.

Growing Nearshoring Trend Intensifies Among US Companies
Growing Nearshoring Trend Intensifies Among US Companies

US companies are increasingly embracing nearshoring as a response to the pandemic and tightening sanctions.

Reshoring of Production from Asia to North America Accelerates, Report Finds
Reshoring of Production from Asia to North America Accelerates, Report Finds

According to Kearney’s 2022 Reshoring Index, 96% of US CEOs are reshoring, already reshored, or considering it.

Hub Group partners with CN to speed up intermodal and shipping
Hub Group partners with CN to speed up intermodal and shipping

Hub Group sees potential for growth with its rail partner Union Pacific and the carrier’s new alliance with CN and Ferromex, creating a new cross-border service from Canada to Mexico via Chicago.

Volvo plans to triple its electric vehicle dealership locations in one year
Volvo plans to triple its electric vehicle dealership locations in one year

Volvo Trucks has expanded its number of certified electric vehicle (EV) dealerships in North America three-fold over the past year, and dozens more are in the process of gaining certification, as Volvo Trucks aims to increase its support ecosystem for the deployment of battery-electric trucks and equipment at scale.

CPKC faces competition from three railroads in the transportation of Mexican shipments
CPKC faces competition from three railroads in the transportation of Mexican shipments

Canadian National, Union Pacific, and Grupo Mexico have all started to work together to move their fleets across the border.

Canadian Pacific and KC Southern Railroad Merger Announced
Canadian Pacific and KC Southern Railroad Merger Announced

The merger between Canadian Pacific and Kansas City Southern has now been finalized, giving rise to a new competitor to the trucking industry.

North America is a Growing Attraction for Manufacturers Looking For Security
North America is a Growing Attraction for Manufacturers Looking For Security

North America is increasingly becoming a preferred location for manufacturers seeking greater security and flexibility in their supply chain.

Investment in direct delivery services surges by 66%
Investment in direct delivery services surges by 66%

Many North American companies across various industries have reported that their direct-to-consumer delivery model has increased since 2020.

North American automaker giant GM warns EV production hindered until late 2023
North American automaker giant GM warns EV production hindered until late 2023

General Motors executives are stating that the company will be unable significantly increase its EV production until its US battery cell production plants are finished construction.

EVs were the big winners at the 2023 North American Car, Truck, and Utility of the Year awards
EVs were the big winners at the 2023 North American Car, Truck, and Utility of the Year awards

With fifty judges from the United States and Canada’s auto journalism sector, the finalists were chosen due to innovation, design, safety, handling, driver satisfaction, user experience, and value.

North America’s restoring trend is pulling operations out of China and investing in Mexico
North America’s restoring trend is pulling operations out of China and investing in Mexico

But is it a move that is going to pay off? Mexico incurred an investment of $17.2 billion since January of this year, boasting a growth of 25.5% in comparison to the same time frame in 2021.

Trucks still flying off the “shelves”, even as the market begins to slow 
Trucks still flying off the “shelves”, even as the market begins to slow 

For the third consecutive month, sales of brand-new Class 8 trucks have remained strong, surpassing the 20,000 unit threshold.

Fragile supply chains may still be threatened by trucker protests
Fragile supply chains may still be threatened by trucker protests

The trend of trucker protests in early 2022 by North American truckers, mainly due to COVID-19 mandates, resulted in traffic jams in a handful of cities across the United States and Canada.

Jennifer Joslyn
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