The three prominent factors that reduced new vehicle purchases in the U.S. are the shortage of semiconductor chips, the war in Ukraine and the Covid-19 related blockades that shut down factories in China. As a point of reference, new vehicle purchases in the U.S. market in 2022, at
Today, 90% of the U.S. trucking industry is made up of small, independent carriers that own five trucks or fewer. Nearly 1 million owner-operators own a single truck. Historically, carriers have found it prohibitively expensive to work directly with these small carriers because of the difficulties and delays
Serve Robotics is shaping the future of sustainable, autonomous delivery and has successfully conducted pilots for Walmart and Pizza Hut Canada. The company has platform-level integrations with Uber Eats and 7-Eleven. Its strategic investors include Nvidia, Uber, 7-Eleven and Delivery Hero’s corporate venture units, along with other top
Parnassus Funds added Kansas City Southern (KCS), a Class I railroad that links Mexico‘s manufacturing regions with major markets in the United States and Canada, to its investment portfolio. From their perspective, Kansas City Southern will become increasingly relevant as its strategically advantageous network allows it to participate
Mexico is well positioned to benefit from nearshoring given its geographic proximity to the United States and Canada, as well as the USMCA trade agreement, its manufacturing base, skilled labor and competitive wages, highlights the real estate company Vesta Real Estate Corporation. According to a recent report by
Prologis, a global leader in logistics real estate, highlighted four factors that play a significant role in Mexico‘s competitive advantage. First is its location. For example, Monterrey, Mexico’s main manufacturing center, is located three hours from the U.S. border, which favors companies that supply U.S. consumers. As a