Coronavirus

Stay tuned on this page for all news related to COVID-19 and its impact on the freight markets.

Noi Mahoney Sunday, March 15, 2020

Borderlands: Walmart opens $27 million distribution center in Mexico City; Texas seaports receive $39 million for expansion

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Walmart opens new distribution center to meet e-commerce demand; border officials lobby for funding of new truck and railway bridges; two Texas seaports receive $39 million for improvements and expansion; Mexican manufacturing association creates coronavirus prevention task force.

Read More »
Brian Straight Saturday, March 14, 2020

Apple closing stores, will others follow?

Apple (NASDAQ: AAPL) announced today that it is closing all its retail stores outside China in response to the COVID-19 (coronavirus) pandemic. The company has about 500 stores globally and had previously shut its China stores during the outbreak in that country. Those stores reopened today. The question now is, will other retailers follow suit […]

Read More »
Emily Ricks Monday, March 9, 2020

This Week’s Forecast March 9-13, 2020

Construction outlook: Construction outlook:The Federal Reserve announced an emergency 50-basis-point (bps) rate cut last Tuesday, lowering its target Fed Funds range to 1-1.25% from 1.5-1.75%. The Fed cut is a reaction to the rising economic risk posed by the coronavirus becoming a global pandemic and the knock-on effects to global supply chains and consumer spending. […]

Read More »