Plus: CargoNet's Thanksgiving theft trends, a robotic system for unloading non-palletized goods lands a $50M investment, trucks stolen in Chicago, and more.
In the latest episode of "The Freight Caviar Podcast", we sit down with Charley Dehoney, CEO & Co-Founder of Upwell. He discusses his early experiences at Worldwide Express and GlobalTranz, and why he believes industry consolidation is on the horizon.
FMCSA releases video for drivers to get back CDLs, Trump names commerce secretary, and more.
China's economic woes are compounding, with its consumer spending, property market, and exports hitting roadblocks. We dive into the challenges that China's economy faces and the potential global impact.
China's economy, initially expected to power global growth in 2023, is facing a myriad of challenges including sluggish consumer spending, a shaky property market, dwindling exports, record youth unemployment, and high local government debt. The slowdown in China, a significant contributor to global growth and trade, is affecting commodity prices and equity markets worldwide. Its weakened property sector and hesitant consumer spending are exacerbating the issue. The US's effort to isolate China from advanced semiconductors and other tech supplies is also impacting China's exports.
These economic strains in China, alongside risks of higher US interest rates causing a possible recession, are contributing to global economic uncertainty. High youth unemployment in China and the government's measures to stimulate the economy, including cutting interest rates, raise concerns about a potential period of weak growth, similar to Japan's "lost decade". This situation could delay China's ambition to surpass the US as the world's largest economy.
Source: The Washington Post
@DrJim_Walker Chief Economist @AletheiaCapital warns of global recession as US & China economy slows down with a slump in consumer and local demand as Asian currencies seem under pressure #ElaraIndiaDialouge22 #Ashwamedh #ElaraCapital
— Elara Capital (@elaracapital) September 5, 2022
9,000 railway workers locked out in Canada, risking $250M daily losses. Government orders arbitration to end dispute and restart crucial supply chains.
Northbound truck crossings from Mexico to US hit 1.97 million in Q2 2024, up 21% from 2018. Here are some stats, trends, and implications for cross-border trade from a supply chain expert.
Mexico outpaces China in US trade, hitting $415B in first half of 2024. Laredo, TX remains top gateway as nearshoring trends reshape global supply chains.
Containerized imports from Asia see major shifts. Plastics, semiconductors, and machinery lead the pack. Supply chain expert explains what's driving the change.
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