According to officials, Mexico's truck production and exports increased significantly in February, aided by continued demand from the United States and nearshoring-related relocations. Year-over-Year Growth in Truck Manufacturing and Exports ANPACT's ten Mexican truck manufacturers produced 16,912 units in February, representing an 18% year-over-year (y/y) increase over 2022. Truck exports...
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EFW, a freight forwarder, has acquired a trade show logistics oper
EFW, a freight: Estes Forwarding Worldwide (EFW) announced Monday, 13 March, that it has acquired Legacy Logistics, a provider of trade show logistics and exhibit services. Based in Reading, Pennsylvania Legacy handles trade show, tour, and event transportation, warehousing, and storage. It also handles retailer fixture and display setups. The...
The CEO of Prologis believes the industry will remain stable.
The CEO of Prologis believes Prologis Inc.'s CEO sees uncontrollable geopolitical challenges hindering its short- to medium-term prospects in the logistics sector. Prologis' business remains strong, with steady demand and diversification across verticals, said Hamid Moghadam at a conference. According to him, supply is moderating even further as rising interest...