Logistics Recap
April 2nd – April 8th
Laredo, Texas, again top US gateway for international trade
The port of entry in Laredo, Texas, regained the No. 1 spot among the nation’s 450 international gateways for trade in February.
It’s the first time since February 2020 that Laredo was the No. 1 overall trade port in the U.S.
Laredo recorded $24.6 billion in two-way trade, with Mexico commerce accounting for $23.9 billion, according to the latest U.S. Census Bureau data analyzed by WorldCity.
Los Angeles, Long Beach port terminals shut down due to labor issues
Terminals at the Port of Los Angeles and Port of Long Beach effectively shut down due to a lack of labor starting Thursday evening.
Ports, trucking groups, shipping lines and terminal operators have reported widespread terminal closures at the twin ports. The closures continued throughout Friday, according to several stakeholders.
Read More Here Supply Chain Dive
GSCPI shows supply chains getting back to normal
Global supply chain conditions have largely normalized after experiencing temporary setbacks around the turn of the year, according to the Federal Reserve Bank of New York’s Global Supply Chain Pressure Index (GSCPI), released April 6.
The bank says the research shows global supply chain pressures decreased again in March, falling from .28 to 1.06 standard deviations below the index’s historical average. The index peaked at 4.32 in December 2021, and has dropped fairly consistently since then.