An interesting session for the ASX with the futures indicating an open down ~100 points, however, that was short-lived with some large volume through the SPI knocking the market down by nearly twice that come 10.30 am, before a sustained recovery played out for the rest of the day. .
Cross-border logistics no walk in the park Midday Market Update
Navigating freight from Canada to Mexico
0 9 1 minute read
On this episode of Midday Market Update, Kaylee Nix and Michael Vincent get a close look at the intricacies of moving freight across borders. They are joined by FreightWaves’ Zach Strickland for a market update and Anthony Smith for a look at Q1 GDP and unemployment numbers.
Nix and Vincent welcome Teclo Garcia, economic development director of Laredo, Texas, as their first guest. Garcia explains how business at the Port of Laredo has changed over the past year and how it has been crucial to cross-border logistics for both U.S. and Canadian companies.
Could the Panama Canal be the next Suez? Midday Market Update
Differences between canal systems
0 154 1 minute read
On this episode of Midday Market Update, Kaylee Nix and Michael Vincent dive into the deep possibilities of disruption in the maritime shipping world.
Market Expert Zach Strickland delivers news of falling outbound tender rejections and indications of loosening freight capacity moving into produce season. FreightWaves’ lead economist, Anthony Smith, talks initial jobless claims surging and the indications of looming inflation.
FreightWaves’ Washington correspondent, John Gallagher, joins the show to give a more detailed update on President Joe Biden’s infrastructure plan. He says the plan is heavily job-focused and calls it “the biggest infrastructure package since the New Deal.”
FreightWaves weekly podcast recap
0 141 2 minutes read
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Putting port congestion in perspective Midday Market Update
Will bottlenecks burst soon? 294 1 minute read
Headlines
The California port crisis is shattering records when compared to the 2015 congestion caused by contract negotiations with unionized dockworkers. The 2021 crisis has lasted longer and involved more freight than in 2015 and it still is expected to last into summer.
Canada’s electronic logging device (ELD) mandate will not be enforced initially because no ELD has been certified for use in Canada yet. The mandate goes into effect June 12 and has similarities to the U.S. ELD rules due to the cross-border nature of Canadian trucking companies.