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As we reflect on the month of June, we can embrace the arrival of warm weather and the summer season. Logistics costs in the United States witnessed a significant increase in 2022 due to higher transportation expenses. This surge in costs presents challenges for businesses and reflects the impact of supply chain disruptions and inflationary pressures. After a major structural issue caused by a tanker crash and explosion, I-95 in Philadelphia has reopened, providing relief to commuters, and restoring a crucial transportation route. President Biden’s infrastructure plan seeks to invest funding to modernize infrastructure, create jobs, and promote sustainable development, although it faces obstacles in gaining support and securement.
Additionally Continental Tires tests and develops technologies to enhance safety and efficiency. The freight industry sees three emerging trends: AI, paperless trade, and supply chain finance. Used Class 8 truck sales declined in May due to factors like chip shortages and supply chain disruptions, while recovery is anticipated. As June draws to an end, this ever-evolving industry keeps moving forward with daily developments and continuous advancements, overcoming challenges every day.
