US rail unions have opposed measures that would allow Mexican crews to take trains across the border because they are reluctant to relinquish jurisdiction on transits within southern Texas.
Clothing imports are rebounding in 2024, but retailers will likely wait for clear signs of demand growth to bring in additional product after a double-digit percentage drop last year.
Group CFO Melanie Kreis would not comment on the near-term freight rate outlook or the likelihood of a modal shift from ocean to air or sea-air caused by supply chain disruptions, including the ongoing vessel diversions to avoid the Red Sea.
A rise in US imports is fueling optimism, especially among ocean carriers, but manufacturing’s malaise is tempering hopes for a broader transportation recovery.
The auditing initiative between the carrier and software vendor OpenEnvoy was kickstarted by CMA CGM’s ZEBOX technology incubator, which connects startups with entrenched logistics partners.
With US manufacturers shrinking their plastics inventories, overseas buyers are taking up an even more important role for North American resins producers.
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