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PGL Video Newsletter – February 2025

PGL had a great month of February. Take a look at some of the moving parts.

We attended MRO Latin America and the WCA.

We celebrated Valentine’s Day and Presidents’ Day.

When the World Series champs need a trusted logistics partner, they call PGL! We’re proud to be moving the Texas Rangers with precision, reliability, and care.

Plus a look at the key insights and events that shaped the supply chain in February.

Thanks for watching. We will see you next month and as always, PGL is here 24/7/365.

Follow us at @shipPGL and visit our website at www.shipPGL.com.

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Supply Chain Industry Insights – February 2025

Industry Insights

February 2025

By PGL

Welcome to the PGL Industry Insights report for February 2025.

The Port of Los Angeles had its busiest January ever, moving more cargo than in any previous year. This surge was driven by a strong economy and businesses shipping goods early to avoid possible tariffs and delays from the Lunar New Year. Imports increased significantly, while exports declined. The rise in empty containers leaving the port suggests that even more shipments are on the way.

Rail traffic in the U.S. showed slight growth in mid-February, with container shipments rising while traditional freight like coal and chemicals declined. Canada saw modest rail growth, while Mexico reported lower volumes. Despite mixed results, overall rail activity across North America has been trending upward this year.

Ongoing tariff changes are keeping ocean shipping costs high. Businesses are rushing to move goods ahead of possible price increases, pushing up shipping rates. Analysts warn that if new tariffs take effect later this year, container costs could hit their highest levels since last summer.

Diesel prices have been creeping up, with only small changes week to week. The increase follows new U.S. sanctions on Russian oil, which could tighten global supply.

While prices have not spiked sharply, the steady upward trend is something to watch. In Laredo, Texas, the busiest border crossing for U.S.-Mexico trade, fewer trucks are available for cross-border shipments, as many carriers are shifting their focus to
California where demand for imports remains strong. Trade policy uncertainty and shifting market conditions are making it harder for shippers to secure capacity.

That’s it for this month’s report. Subscribe to our channel to make sure you get the latest supply chain insights. As always, PGL will be there to keep you informed 24/7/365.

Follow us at @shipPGL and visit our website at www.shipPGL.com.

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PGL Video Newsletter – January 2025

PGL kicked off 2025 with an incredible month of January! Here’s a quick look at some of the highlights:

As the exclusive U.S. licensee for TALA, we made waves at the AeroEngines Americas 2025 trade show, showcasing our cutting-edge logistics solutions designed to keep the aerospace industry soaring.

We also hosted our annual Sales Conference, featuring inspiring speaker panels, interactive breakout sessions, and unforgettable moments like casino night and a gala that truly brought our team together.

Finally, we’re sharing key insights and events that defined the supply chain this January, helping you stay ahead in an ever-changing industry.

Thanks for watching! We’ll see you next month. And remember, PGL is here for you 24/7/365.

Follow us at @shipPGL and visit our website at www.shipPGL.com.

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Supply Chain Industry Insights – January 2025

Industry Insights

January 2025

By PGL

Welcome to the PGL Industry Insights report for January 2025.

Truckload markets are experiencing a surge in tender rejection rates, the highest in two years, indicating increased reactivity. Intermodal markets are thriving, with double-digit volume growth driven by strong import levels.

Ocean freight faces uncertainty due to added capacity in 2025 and the threat of tariffs. Pre-Lunar New Year demand has boosted trans-Pacific container rates, with Asia-U.S. West Coast rates up 23% per container and East Coast rates up 13%.

The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) reached a tentative six-year agreement, avoiding a potential strike. The deal allows terminal operators to implement semi-automated technology while guaranteeing jobs for union workers linked to the new equipment. A 62% pay increase agreed upon after an October 2024 strike is contingent on the final contract ratification.

Houthi rebels announced they will cease attacks on merchant shipping and Israel following a ceasefire between Israel and Hamas. Ocean carriers are closely monitoring the Red Sea situation, with only CMA CGM maintaining a Suez Canal route.

Diesel prices have risen sharply, reaching just over $3.70 per gallon, the highest since August. The 11.3-cent increase is the largest weekly gain since February, partly driven by shipping disruptions in the Red Sea. This is a big turn–around after steadily decreasing prices over the last half-year, though the price is still well short of the $4.00 threshold.

That’s it for this month’s report. Subscribe to our channel to make sure you get the latest supply chain insights. As always, PGL will be here to keep you informed 24/7/365.

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Supply Chain Industry Insights – December 2024

Industry Insights

December 2024

By PGL

Welcome to the PGL Industry Insights report for December 2024

Season’s greetings from all of us here at PGL. We hope you have a wonderful holiday and a prosperous 2025 ahead of you!

We start this month’s report with news that the uptick in rail freight continues with intermodal volume up almost 10% this year over 2023. This was buoyed somewhat by an uncharacteristically large slump the week of Thanksgiving, but volume is still up for the year, and there are indications that it will continue to perform well in the new year.

In ocean freight, Labor tensions and political uncertainty with regard to future tariffs kept late November container rates to the US high, with Asia-to-US rates well over $5,000 per FEU and heading up. Forecasters are identifying both the West and Gulf Coast ILA labor fight as well as trepidation surrounding the unknown timing and overall impact of proposed tariff increases as factors for shippers to try to beat these issues to the punch, increasing volume and therefore, cost, ahead of what should prove to be an impactful January.

Speaking of the current ILA labor issues, President-elect, Donald Trump has commented repeatedly in recent days that he backs the Union’s stance to block port automation. It is unknown how this may affect the big picture, or how a long-term work stoppage would be received by the administration. PGL will keep an eye on how this develops ahead of the January 15 negotiation deadline.

Twice this month, US warships successfully defended three US-flagged merchant ships in the Gulf of Arden. The Destroyers were able to intercept several different ballistic and cruise missiles that were launched by the Houthi rebels that have been hunting vessels in the Red Sea for over a year.

After a tiny bump at the beginning of the month, benchmark diesel price dropped again, going below its lowest point in over three years that was hit in November. Early this month, OPEC+ held a meeting that led to an extension of the production cuts that were due to be adjusted for higher volume in December. The futures market remains bearish, with no signs of increasing prices on the horizon.

That’s it for this month’s report. Subscribe to our channel to make sure you get the latest supply chain insights. As always, PGL will be here to keep you informed 24/7/365.

Follow us at @shipPGL and visit our website at www.shipPGL.com.

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PGL Video Newsletter – December 2024

PGL had a great month of December. Take a look at some of the moving parts.

PGL sponsored the 4th Annual Freedom Mobility Foundation Golf Tournament.

Shoutout to PGL’s ORD Station for giving back to the community with Toys for Tots.

Plus, a recap of the key insights and events that impacted the supply chain in December.

Don’t forget to watch the Armed Forces Bowl happening Friday December 27! We wish you all a Merry Christmas and a Happy New Year. Happy Holidays from PGL, available 24/7/365.

Follow us at @shipPGL and visit our website at www.shipPGL.com.

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PGL Video Newsletter – November 2024

PGL had a great month of November. Here’s a glimpse at some of the moving parts.

We partnered with MTU Maintenance and TALA to deliver unmatched support and innovation in the aerospace industry.

We honored those who have fought for our freedom on Veterans Day.

PGL was a proud sponsor of the seventh annual Spirit Open charity golf tournament, which raised over 1.2 million dollars benefiting the Spirit Airlines’ Spirit Charitable Foundation.

We are also proud to sponsor the 2024 Lockheed Martin Armed Forces Bowl! Tune in on Friday December 27th for a great football matchup.

Plus, a recap of the key insights and. Events that impacted the supply chain in November.

Thanks for watching! We’ll see you next month and, as always, PGL is here 24/7/365. #GoPGL

 

Follow us at @shipPGL and visit our website at www.shipPGL.com.

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Supply Chain Industry Insights – November 2024

Industry Insights

November 2024

By PGL

Welcome to the PGL Industry Insights report for November 2024.

We start this month’s report with news that the Environmental Protection Agency’s Clean Ports Program has awarded 3 billion dollars to 55 ports across 27 states to secure new electric drayage trucks and cargo handling equipment, as well as the changing infrastructure to accommodate the new additions. This effort should make ports more efficient and have a positive impact on the environment.

In labor news, on November 14th the Canada Industrial Relations Board ordered all parties to resume operations after the International Longshore and Warehouse Union Ship & Dock Foremen union began a November first strike, followed by a subsequent lockout. A binding arbitration process is underway to resolve outstanding issues.

In the Boeing strike, the International Association of Machinists and Aerospace Workers union ended labor stoppage after 53 days with the approval of a new contract.

As we’ve reported before, 2024 is shaping up to be a strong year for intermodal freight, as according to a recent report from the Association of American Railroads, 2024 intermodal volume is up 9% over last year.

The benchmark diesel price dropped again this month, reaching its lowest point in over three years, just below the $3.50 mark.

The futures market remains undecided on the heels of a Trump presidential win, but expectations of decreased regulation and an intention to “drill baby drill” may keep prices low.

That’s it for this month’s report. Subscribe to our channel to make sure you get the latest supply chain insights. As always, PGL will be here to keep you informed 24/7/365.

Follow us at @shipPGL and visit our website at www.shipPGL.com.

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PGL Partners with MTU Maintenance and TALA Aerospace to Launch New Fort Worth Warehouse Operations

PGL Partners with MTU Maintenance and TALA Aerospace to Launch New Fort Worth Warehouse Operations, Enhancing Global Aerospace Logistics

Irving, Las Colinas, Texas – October 24, 2024 | Perimeter Global Logistics (PGL) has partnered with MTU Maintenance Lease Services B.V. (MLS) and TALA Aerospace to launch a new spare parts warehouse located at MTU Maintenance’s facility in Fort Worth, Texas. PGL will manage day-to-day operations of the new warehouse, providing vital logistical support to streamline the supply chain for MTU’s global Maintenance, Repair, and Overhaul (MRO) services.

The new Fort Worth warehouse is designed to optimize the supply of critical spare parts for popular aircraft engines, including the CF6-80, CFM56, GE90-110/115B, and V2500 models. Strategically positioned in a key cargo hub, the facility will play a crucial role in fulfilling urgent material requests for engine operators across the Americas and Europe, ensuring rapid response times and minimal downtime for MRO services.

“This facility is a game-changer for our logistical network,” said Patrick Biebel, Managing Director of MTU Maintenance Lease Services. “With PGL overseeing daily operations, we’re now equipped to dispatch spare parts across continents within 24 hours or less, providing crucial stability for our global MRO operations.”

PGL, a U.S. member of The Aerospace Logistics Alliance (TALA), brings a wealth of expertise in managing complex aerospace logistics. The successful setup and operation of the Fort Worth warehouse are driven by PGL’s dedicated team, supported by TALA’s Engine Logistics Teams, led by Rob Droog. Their combined leadership in this new venture further strengthens the partnership with MTU Maintenance and TALA, providing comprehensive logistical support that is critical to MTU’s expansion plans in the American market. With their 24/7 support and deep industry knowledge, PGL, TALA, and MTU ensure seamless operations and high-quality service, reflecting their shared commitment to excellence in managing complex logistics requirements for MTU Maintenance Lease Services (MLS).

Rajan Sobhani, President of PGL, expressed his enthusiasm for the collaboration: “We are proud to partner with MTU Maintenance and TALA Aerospace on this transformative project. The Fort Worth warehouse exemplifies PGL’s dedication to supporting our clients’ growth and delivering world-class logistics solutions. With our combined expertise, we can ensure seamless, round-the-clock operations and provide exceptional service to MTU’s global network.”

The collaboration between MTU Maintenance, TALA Aerospace, and PGL is built on a strong foundation of previous successful projects, particularly in the transport of lease engines and engine stands. This new partnership further enhances PGL’s capabilities in the aerospace logistics sector, supporting MTU’s growth strategy and ensuring that essential parts can be delivered to customers promptly and efficiently.

As MTU Maintenance continues to expand its global footprint, with plans for a third warehouse in China by 2025, PGL remains a trusted partner in managing the complexities of global logistics and providing the support necessary to meet growing demand in the aviation industry.

About Perimeter Global Logistics (PGL)

Perimeter Global Logistics (PGL) is a leader in global logistics management, providing time-definite transportation and full enterprise logistics solutions. As a small woman-owned business, PGL leverages its expertise in aerospace logistics to support partners like MTU Maintenance and TALA Aerospace, offering end-to-end solutions that ensure operational excellence and efficiency. PGL is committed to driving innovation and delivering results across a global network.

Contact PGL today to explore how our comprehensive logistics services can meet your business needs and propel you towards success. Let us help you navigate the complexities of global logistics and achieve sustainable growth.

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PGL Video Newsletter – October 2024

PGL had an exciting month of October, full of growth and new connections! Here’s a peek at what we’ve been up to:

  • We kicked off the month by celebrating National Trucker Appreciation Day – a big shoutout to the truckers who keep things moving!
  • PGL was honored to sponsor the Annual “Tee It Up For The Troops North Texas Golf Tournament” in Farmers Branch, TX, in support of our veterans.
  • Our team also joined industry leaders at MRO Europe, building connections and staying on top of the latest in our field.
  • And we’re making major strides in warehousing! We expanded our Grand Prairie, TX location with an additional 100,000 square feet of space and teamed up with MTU Maintenance to open their brand-new warehouse in Fort Worth, TX.
  • Plus, a recap of the key moments that impacted the supply chain in October.

Thanks for watching! We’ll see you next month and, as always, PGL is here 24/7/365. #GoPGL

 

Follow us at @shipPGL and visit our website at www.shipPGL.com.

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Supply Chain Industry Insights – October 2024

Industry Insights

October 2024

By PGL

Welcome to the PGL Industry Insights report for October 2024

The month had a turbulent start with the International Longshoremen’s Association East and Gulf Coast dockworkers strike that began on the first of October. Work quickly resumed on October 3rd as a tentative agreement was reached between the ILA and United States Maritime Alliance with 61% pay raise and contract extension for the 45,000 dock workers. Talks will continue to resolve outstanding issues that will hopefully be sorted out and ratified by union members by the January 15, 2025 deadline.

The promised heavy storm season is certainly delivering, with Hurricanes Helene and Milton storming the East coast in quick succession. These storms provided the expected hardships of fuel shortages, flight cancellations and general mayhem for the logistics industries. Rail was particularly hard-hit, forcing the closure of the Norfolk Southern Line into Asheville, North Carolina for at least 3 months to rebuild after Hurricane Helene, and 10 ports in Florida and Georgia were forced to temporarily close after Hurricane Milton.

On the West coast, the Port of Los Angeles saw record volume in September of over 950,000 TEUs in September, a 27% increase over last year, leading to an all-time volume high of over 2.8 million TEUs in the third quarter. Experts point to rising consumer confidence and shippers avoiding the Suez Canal as main contributing factors to this boom.

The benchmark diesel price experienced one of its biggest yo-yo months in recent memory with a large spike early in the month and projected higher futures, followed swiftly by the largest one week drop in almost a year. Continued high production in the US as well as speculation that OPEC will increase production in 2025 are contributing to the price drop.

That’s it for this month’s report. Subscribe to our channel to make sure you get the latest supply chain insights. As always, PGL will be here to keep you informed 24/7/365.

Follow us at @shipPGL and visit our website at www.shipPGL.com.

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Press Release: PGL Expands Warehouse Capacity in Grand Prairie, TX

PGL is pleased to announce the expansion of our Grand Prairie, TX, warehouse operations with the addition of 100,000 square feet of new space. This brings our total warehouse capacity to 400,000 square feet, further enabling us to serve our clients with enhanced storage and logistics capabilities. The new space is climate-controlled and designed to meet the growing demands of our customers while improving the security of our entire facility and truck yard.

This expansion aligns with PGL’s ongoing commitment to growth, both professionally and physically. By increasing our footprint, we are not only adding capacity but also increasing our operational efficiency and flexibility, allowing us to continue providing reliable, best-in-class logistics solutions.

Interested in filling this space? Fill out the form below to connect with a representative at PGL.

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