SCS Weekly Rundown | April 16th, 2024
Hope Shines Through For The Panama Canal
The Panama Canal Authority has begun planning for their eventual rebound.
Aided by recent rainfall that was abundant enough to stabilize water levels, the PCA
anticipates regular operations to resume by 2025. This change couldn't come at a better
time, as the drought not only impacts the economy, but doubles as a water source for
nearly half the people of Panama.
Learn about the latest updates in this story here.
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March Import Volumes Continue To Grow
Year-over-year growth in container imports is driven by holiday and port changes.
Last month, U.S. container import volumes noted another monthly rise and a notable
annual growth, influenced by the delayed Lunar New Year. The East Coast is now in
command of nearly half of all total imports, with small increases observed in western
ports such as Oakland and Tacoma as well.
Read all the details on this outlook here.
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Widespread Logistics Layoffs Across The U.S.
Due to market conditions, operations around the country have slashed work forces.
Universal Logistics has closed two subsidiaries in Detroit, cutting nearly 700 jobs in the
process. This wave of layoffs in the logistics industry includes companies like Swissport
Cargo Services and The Kroger Co., who both lost contracts and faced severe operation
under-performance.
Get all the updates on this trend by clicking here.
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Volvo Opening New Truck Plant In Mexico
Volvo's new plant will support truck demand across all North American markets.
Volvo Group is set to establish a new heavy-duty truck manufacturing facility in Mexico
to enhance its U.S. production and support North American market growth in the process.
The facility is expected to open in 2026, producing both Volvo and Mack Trucks.
Dive into the full article here.
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