This week, the U.S. Supreme Court dealt a blow to federal agencies by allowing regulations to be challenged long after they take effect, favoring a North Dakota truck stop in a ruling expected to lead to a wave of lawsuits. Mexico’s incoming president announced plans to end the government’s ban on genetically modified U.S. corn imports, instead focusing on self-sufficiency in white corn production. The Teamsters Canada Rail Conference members voted overwhelmingly to reauthorize strikes against CN and CPKC, seeking better working conditions and safety. Meanwhile, a convoy of truckers from the U.S. and Mexico will travel through West Texas on Monday to protest low wages, violence against drivers, and poor working conditions, organized by the Truckers Movement for Justice, United Mexican Carriers, and the Binational Carriers Union. Additionally, containership deployment trends in the first half of 2024 have been heavily influenced by the Red Sea crisis, with significant capacity increases on the Far East-Europe and Far East-Mediterranean routes. Read the full articles for comprehensive coverage on these developments.
Weekly Freight Report: July 5, 2024
July 4th, 2024
Shein, Temu Are Swamping Airfreight Capacity, Sending Rates Soaring
Bargain shopping apps Temu and Shein are rapidly consuming air cargo space out of China, significantly driving up freight rates and raising concerns about a potential capacity shortage during the peak shipping season later this year.
Red Sea Crisis Dictates Container Fleet Capacity Trends
Containership deployment trends in the first half of 2024 have been heavily influenced by the Red Sea crisis, with the most significant capacity increases observed on the Far East-Europe and Far East-Mediterranean routes.
Teamsters Canada Rail Conference Members Reauthorize Strikes Against CN, CPKC
Members of the Teamsters Canada Rail Conference have overwhelmingly voted to reauthorize strikes at CPKC and CN, with 98.6% in favor, as the union seeks to negotiate better working conditions and rail safety amidst ongoing disputes.
US Supreme Court Deals Fresh Blow to Federal Agencies’ Power With Truck Stop Ruling
The US Supreme Court ruled 6-3 to allow regulations to be challenged long after they take effect, favoring a North Dakota truck stop over a decade-old debit card swipe fee regulation, a decision expected to unleash a wave of lawsuits against federal agencies and potentially paralyze their functions.
Mexican Government to Drop Planned Import Ban on Genetically Modified US Corn
Mexico’s incoming president plans to end the government’s ban on genetically modified U.S. corn imports, shifting the focus to self-sufficiency in white corn production while continuing to meet the rising demand for yellow corn in the livestock sector.
US, Mexican Truckers Unite to Protest Low Wages, Poor Working Conditions
A convoy of truckers from the U.S. and Mexico will travel through West Texas on Monday to protest violence against drivers, low wages, and poor working conditions, organized by the Truckers Movement for Justice, United Mexican Carriers, and the Binational Carriers Union.
