Brazil trucking

Truck drivers in Brazil began a protest on Monday, aiming to disrupt operations at the Port of Santos.

Donald Broughton says that the oil boom and Trump tax cuts are driving a young industrial expansion cycle; shippers continue to adjust supply chains to minimize transport costs; Google invests $550M in Chinese e-commerce site JD.com; China may put a tariff on US oil imports; Brazil’s trucker strike shattered economic growth outlooks; Asia-North America container rates are softening.

Although Brazil’s massive truck strike has come to an end, the ramifications are still rippling through the country’s supply chain, and it looks like it could take certain industries up to a year to recover.

Brazilian President Temer ended Petrobras’ practice of subsidizing diesel prices, which has sent fuel costs for independent truck drivers spiraling. The owner-ops went on strike 11 days ago, blocking the country’s highways and shutting down many sectors of the economy.

Canadian Pacific conductors and engineers walk off; Brazilian truckers continue their highway shutdown; CMA CGM and Zim blame losses on fuel prices; Savannah hits record TEU volumes in April; Goldman Sachs says the oil rally isn’t over yet.

Drivers find productivity gains after ELD hard enforcement; Canadian Pacific workers’ strike imminent; Brazilian truckers extract over $2B in govt concessions; Maersk rolls out blockchain-based maritime insurance; WaPo interviews truck drivers on the lifestyle.

A Brazilian trucking startup, CargoX, has successfully secured $20 million in a Series C funding backed by banking behemoth Goldman Sachs, TechCrunch reports.