In a recent episode of the Stay In Your Lane Podcast from Triple T Transport, Allianz Trade North America Chief Economist Dan North shed light on why the anticipated economic recession hasn't yet materialized and its implications on the freight market.
Plus: Tesla to build an electric semi-truck corridor, FMCSA approves TIA's petition for freight broker training, and Arrive Logistics releases a freight market update.
Over 57% of consumers are ready to shop greener to reduce environmental impact. As regulations tighten, companies must update their logistics strategies.
Elon Musk tweeted over the weekend that a fully loaded Tesla Semi truck completed a 500-mile trip at a total weight of 81,000 lbs.
Nikola, Mercedes, Daimler, and Volvo have not reached that milestone yet. Tesla’s achievement comes just a few weeks after Volvo’s Renault Trucks taunted Musk and his company for failing to deliver on past promises. Tesla’s pushed back its deal to deliver the first fleet of long-haul electric vehicles to PepsiCo by 2019 multiple times. The delivery of 15 Tesla Semi trucks is now set for December 1. It looks like it’ll finally happen.
That means they beat out Tesla by just a week. It’s great to see a little friendly competition because it helps drive innovation in the sector.
Once Pepsi receives its promised first delivery, there are hundreds more Tesla Semis on order. Companies like UPS and Walmart are waiting for their fleets, too.
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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