Category: Uncategorized

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Truck driver salaries in Mexico averaging $423 a month in 2024; Horizon Auto Logistics opens office in Veracruz, Mexico; LG Electronics opens $60M plant in Central Mexico; and Texas bridge project receives $80 million in federal…

Seasonal patterns of volume lulls during mid-October took hold this week, slightly later than normal as the three disruptions at the beginning of the month helped create a short-term boost for freight demand. In years past, the middle of November was the time frame when demand started to gain momentum into the holiday season, so…

With more ships expected to come, freight rates for LNG tankers may remain depressed until late 2025 when new production starts up, said Samuel Good, head of LNG pricing at commodity pricing agency Argus. https://gcaptain.com/too-many-ships-too-little-demand-lng-freight-rates-plunge-to-multi-year-lows/

Ryder System expects to conclude 2024 as a company that in six years has steadily and inexorably changed itself from what it was and probably still is mostly known for — truck rentals — into a transportation offering where contractual business is increasingly the base of its operations.  https://www.freightwaves.com/news/less-reliance-on-rentals-more-on-contracts-ryder-continuing-its-mission/amp

The regional emergency issued by the Federal Motor Carrier Safety Administration in the aftermath of Hurricanes Helene and Milton has been extended. https://landline.media/fmcsa-extends-regional-emergency/

A former trucking company owner has been sentenced to pay millions in forfeiture and restitution related to a decade-long bribery scheme. https://cdllife.com/2024/trucking-company-owner-to-pay-8-1-million-for-10-year-fedex-bribery-scheme/?amp

A shuttered Illinois-based trucking company that once hauled general freight, beverages and paper products recently filed for bankruptcy liquidation. https://www.freightwaves.com/news/shuttered-illinois-trucking-company-files-for-bankruptcy-liquidation/amp

Less-than-truckload carrier Saia said it’s not too concerned with lumpy financial performances from quarter to quarter as it builds out a national network through terminal acquisitions. It’s more focused on the long-term capabilities of the business and the returns that can be generated now that it services all 48 contiguous states. https://finance.yahoo.com/news/saia-comfortable-near-term-noise-165725675.html

The California Highway Patrol (CHP) is reminding commercial vehicle drivers to obey all signage in inspection facilities after a recent speed incident. https://cdllife.com/2024/chp-nabs-commercial-vehicle-driver-for-55-mph-in-a-3-mph-zone-in-inspection-facility/?amp

The American Trucking Associations recently held its annual Management Conference & Exhibition which saw trucking industry leaders and analysts converge in Nashville. One of the centerpieces of the event was a session by ATA Chief Economist Bob Costello who told attendees the return to normalcy will be a promising sign for a trucking industry beset by the…