💰 Investment in direct delivery services surges by 66%.
Many North American companies across various industries have reported that their direct-to-consumer delivery model has increased since 2020. Over 35% of them have stated that it has increased significantly.
According to ACT Research, North American Class 8 truck orders rose by 4.5% year-over-year in June, marking the second consecutive month of growth.
Nearshoring, the practice of moving manufacturing operations closer to North America, is unlocking growth opportunities in the less-than-truckload (LTL) freight transportation industry.
As global supply chains face disruptions caused by factors like the Ukraine conflict and China's economic slowdown, a growing number of companies are opting to bring their production back home.
A recent report highlights the success of reshoring initiatives, leading companies to scramble to find manufacturing operations in the United States and Mexico.
US companies are increasingly embracing nearshoring as a response to the pandemic and tightening sanctions.
According to Kearney’s 2022 Reshoring Index, 96% of US CEOs are reshoring, already reshored, or considering it.
Hub Group sees potential for growth with its rail partner Union Pacific and the carrier’s new alliance with CN and Ferromex, creating a new cross-border service from Canada to Mexico via Chicago.
Volvo Trucks has expanded its number of certified electric vehicle (EV) dealerships in North America three-fold over the past year, and dozens more are in the process of gaining certification, as Volvo Trucks aims to increase its support ecosystem for the deployment of battery-electric trucks and equipment at scale.
Canadian National, Union Pacific, and Grupo Mexico have all started to work together to move their fleets across the border.
The merger between Canadian Pacific and Kansas City Southern has now been finalized, giving rise to a new competitor to the trucking industry.
North America is increasingly becoming a preferred location for manufacturers seeking greater security and flexibility in their supply chain.
Many North American companies across various industries have reported that their direct-to-consumer delivery model has increased since 2020.
General Motors executives are stating that the company will be unable significantly increase its EV production until its US battery cell production plants are finished construction.
With fifty judges from the United States and Canada’s auto journalism sector, the finalists were chosen due to innovation, design, safety, handling, driver satisfaction, user experience, and value.
But is it a move that is going to pay off? Mexico incurred an investment of $17.2 billion since January of this year, boasting a growth of 25.5% in comparison to the same time frame in 2021.
For the third consecutive month, sales of brand-new Class 8 trucks have remained strong, surpassing the 20,000 unit threshold.
The trend of trucker protests in early 2022 by North American truckers, mainly due to COVID-19 mandates, resulted in traffic jams in a handful of cities across the United States and Canada.
Leaders of Class I freight railroads in North America have emphasized the importance of improving service quality to compete with the trucking industry and address the decline in intermodal market share.