Mexico lures more logistics investment from the US with nearshoring trend
U.S. logistics companies Redwood Logistics and BlueGrace Logistics are expanding operations in Mexico as the trend of nearshoring to the country gains momentum.
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.
US chip companies see China as a valuable market despite potential risks
The Semiconductor Industry Association, a major US industry group, wants clear rules from the Biden administration regarding investment restrictions for chip companies in China.
Puerto Rico is utilizing Russian energy because of the Jones Act
Puerto Rico, which gets over 40% of its electricity from liquefied natural gas (LNG), is unable to receive US LNG exports due to the Jones Act.
Chinese Commercial Vehicle Manufacturer Expands in Mexico, Aims for U.S. Market
Chinese truck manufacturer, Beiqi Foton Motor, is planning to build a second plant in Mexico to produce electric vehicles with plans to export them to the US.
Global Expansion of Chinese Electric Vehicle Brands is Underway
Chinese electric vehicle brands like BYD Auto, NIO, Geely Group’s Zeekr, and Ora are expanding globally and competing with Western and Japanese brands in their home markets.
Evergreen Orders Multi-Billion Dollar Boxships
Taiwan's Evergreen has released a tender for twenty-four 16,000 TEU methanol dual-fuel ships, with each unit estimated to cost $180 million.
Air Cargo Space Becomes Attractive for Large Shipping Companies
Steamship lines are diversifying their services and seeking a larger share of the global logistics market by entering the rapidly growing air cargo market, according to the International Air Transport Association.
The United States is Falling Behind in the Arctic Race
Concerns have been raised about the United States' potential loss in the Arctic race, with the melting of Arctic ice opening up trade routes and making natural resources more accessible.
Current Business Enthusiasm for India Explained
India's economic growth and business opportunities have attracted a lot of attention and investment from international corporations.
Release of Logistics Performance Index for 2023
Last week, The World Bank released the logistics performance index for 2023, which measures a country's ability to move goods across borders reliably and quickly.
Cross-Border Delays Affect 94% of Companies, Survey Shows
The delays have been due to incorrect item classification and documentation.
American Companies Operating in China
It's typical for companies operating in foreign countries to have concerns and viewpoints regarding the state of bilateral relationships, particularly when their operations are located in those countries.
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.
Singapore, Long Beach, and Los Angeles Ports Sign Green Agreement
The Maritime and Port Authority of Singapore, Long Beach, and Los Angeles (along with support from C40 Cities) have signed a memorandum of understanding to establish a green and digital shipping corridor.
India's expanding aerospace logistics industry brings hope to freight forwarders
Indian air freight forwarders are optimistic about the growing demand for aircraft-on-ground (AOG) and aero parts shipments as India's aerospace manufacturing sector expands.
Thailand Emerges as a Leading Automotive Hub
As the second largest economy in Southeast Asia, Thailand has established itself as a major automotive hub, with companies like Sony and Sharp setting up operations in the country.
Russian 'Spy Ship' Raises Concerns
A recent documentary produced by a group of public broadcasters from Norway and Sweden has highlighted the potential threat facing maritime and undersea energy infrastructure.
The Potential Harm to the Global Supply Chain Caused by Drones
A recent study has shown that by 2025, the revenue generated by commercial drones is expected to surpass that of military drones.
Flaws in Laws Against Forced Labor
Lawmakers have expressed concerns and are seeking more information about the implementation of the Forced Labor Prevention Act.