Lordstown Motors closes plant sale to Taiwan’s Foxconn
Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.
Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.
XPO and port drayage are in the Teamsters Union target sights in backing the PRO Act.
Some StopTheTires2020 members infiltrated the group’s social media platform to disrupt and cause chaos following the 2020 presidential election.
In 2016, then-candidate Donald Trump made a lot of promises to trucking and the freight industries. As he looks for four more years, how many has he fulfilled?
Truck drivers weigh in on Trump’s transportation policy prior to Election Day.
Biden wants to build 500,000 EV charging station across the country.
Phillip Stutts built a career out of listening to data. Too often, though, companies ignore what the data is telling them.
Kentucky lumber processor filed for bankruptcy, leaving several flatbed carriers in the lurch for thousands in unpaid freight bills.
Pilot Co. is joining a growing list of major truck stop chains, including Love’s Travel Stops and TravelCenters of America, that will start requiring all customers to wear face coverings this week to help curb the spread of COVID-19.
Trump appointee reaches out to ‘Mayday’ trucker to set up possible meeting
The duty deferment applies to qualifying importers facing “significant financial hardship,” Customs and Border Protection said.
The current $61 billion set-aside for the domestic airline industry left out the forwarders.
The Trump administration is working to accelerate deliveries of medical supplies from overseas to address shortages at healthcare facilities around the U.S., but doesn’t want American companies to export any protective gear to other countries.
Logan Miller of Morgantown, West Virginia, is getting a lot of attention for his dedication to making sure drivers don’t go hungry.
The Office of the U.S. Trade Representative acknowledged, “the imposition of tariffs on certain Chinese imports has resulted in an overall decline in the availability of needed medical equipment and supplies.”
Americans for Free Trade, which represents more than 100 trade organizations, said eliminating existing U.S. tariffs on Chinese goods would boost the American economy by $75 billion during the COVID-19 crisis.
The Trump administration notified Congress that it will begin bilateral trade agreement talks with the East African country.
ILA leader says presidential candidate has been a longtime friend and supporter of the union.
European travel ban won’t affect trade, agency confirms.
Trump administration reminds U.S. exporters of semiconductors and other technologies that it views the Chinese telecom equipment manufacturer as a continued security threat.
“China has continued to embrace a state-led, mercantilist approach to the economy and trade, despite WTO members’ expectations,” the Office of the U.S. Trade Representative said in its annual report to Congress.
Company accused of cheating its way into U.S. markets while posing a security threat
The 2019 Protecting America’s Food and Agriculture Act provides funding to help Customs and Border Protection close a shortfall among its agriculture specialist ranks over the next three years.
A proposed $1.8 billion sale of U.S.-origin air defense systems is expected to open a pathway to increased exports to the South Asian economy.
The federal court affirmed an earlier decision by the Court of International Trade, despite a challenge from the American Institute for International Steel claiming the president overstepped his authority.
The National Treasury Employees Union tells House appropriators that Customs and Border Protection requires an additional 1,100 officers and staff to carry out its mission at the nation’s ports of entry.
Democratic Senators Charles Schumer and Sharrod Brown say sanctions should target not only the responsible Russian government agencies and officials, but President Vladimir Putin.
The proposed budget includes $2 billion to construct another 82 miles of border wall along the U.S.-Mexican border and more than $160 million to hire and train 750 Border Patrol agents.
Proposal includes discretionary grants for truck parking.
President Trump directed the removal of sanctions against the Turkish defense and energy ministries on Oct. 23.
The East African country is “an important strategic partner of the United States, and there is enormous potential for us to deepen our economic and commercial ties,” U.S. Trade Representative Robert Lighthizer said.
The Office of Foreign Assets Control said the action will block property of individuals helping to destabilize the West African country.
President Trump tells the nation he kept his campaign promise to renegotiate the 26-year-old trilateral trade agreement with Canada and Mexico.
“The Trump administration is taking action to level the playing field for American businesses and workers,” Commerce Secretary Wilbur Ross said.
Parcel drivers join long-haul colleagues in training to bolster community safety.
A video of President Trump telling associates to “get rid of” Ambassador Marie Yovanovitch includes unrelated chat about self-driving vehicles.
Customs brokers and express carriers will take “a more active role in monitoring, detecting and preventing trafficking in counterfeit and pirated goods,” the U.S. Department of Homeland Security said.
Overwhelming approval of U.S.-Canada-Mexico Agreement Implementation Act paves new trade pact’s way to President Trump’s desk for signature.
Treasury Secretary Steven Mnuchin said the Iranian metals industry generates billions of dollars for the regime, contributing to its nuclear weapons program.
A bipartisan group of U.S. House and Senate lawmakers see export controls as a means to punish those Chinese officials and companies involved in human rights abuses in western China and Hong Kong.
Road, rail, port environmental permits to be completed in two years.
“As long as I’m president of the United States, Iran will never have a nuclear weapon,” President Trump said in a televised address to the nation.
Postmaster General Megan Brennan delays her Jan. 31 retirement as USPS searches for successor
Limited prohibitions of certain American-made technology exports and financial transactions are currently in place for the Middle East country rebuilding from 20 years of war.
President Trump said he plans to travel to Beijing sometime this year to start the next round of trade negotiations with China.
U.S.-China deal should boost shipping stock sentiment, assuming investors believe it’ll stick.
The U.S. and China have reached a deal that will prevent additional U.S. tariffs on Chinese imports from going into effect on Dec. 15.
The Treasury Department’s Office of Foreign Assets Control warns U.S. companies to exercise due diligence against entanglements with sanctioned transportation services providers.
Americans for Free Trade spokesman Jonathan Gold said the White House needs to “finalize a deal with China to end the trade war and remove all tariffs.”
Rep. Richard Neal, chairman of the House Ways and Means Committee, calls USMCA “a triumph for workers across America.”
An Office of the U.S. Trade Representative investigation concludes that a French tax on digital services discriminates against U.S. companies, such as Google, Apple, Facebook and Amazon.
President Trump cited currency manipulation as the reason to reimpose tariffs on imports from the two South American countries.
A proposed rule calls for the Commerce Department to determine whether certain technologies pose a threat to U.S. national security and prohibit those trade transactions.
Demand could pick up next year, but U.S. elections are one of multiple potential pitfalls delegates at TIACA’s 2019 Executive summit heard this week.
Between February 2018 and September 2019, U.S. consumers and businesses spent an additional $38 billion on products due to tariffs on Chinese goods, Tariffs Hurt the Heartland said.
The PACT Act closely mirrors the unsuccessful Graham-Van Hollen Turkey Sanctions Bill in the Senate.
The Trump administration said the Turkish government satisfied the five-day ceasefire commitment in northern Syria.
The Trump administration takes aim at financial assets of Turkish government agencies and officials linked to military strikes in Syria, but Congress may legislate broader sanctions in the days ahead.
“Finally, a ray of hope for the U.S.-China trade relationship,” said Myron Brilliant, U.S. Chamber of Commerce’s head of international affairs.
The Graham-Van Hollen sanctions bill would cut off Turkey from U.S. military equipment and parts, as well as target foreign support of the country’s oil and gas production used by its armed forces.
Confidence elevated after Trump decides to meet with Vice Premier.
The transfer of production out of China to avoid U.S. tariffs of up to 25% is having a tangible impact on global trade flows.
The Senate Appropriations Committee’s Democratic members are expected to reject proposed Department of Homeland Security fiscal year 2020 funding bill if $5 billion for southern border wall stays.
The Treasury Department adds two banks to the Specially Designated Nationals and Blocked Persons List in response to Iran’s alleged involvement in missile attacks against Saudi Arabia’s oil facilities.
Tariff Reform Coalition members want the Senate Finance Committee and House Ways and Means Committee to “exercise greater oversight and control” over President Trump’s tariff authority.
New law strengthens U.S. government’s national security oversight of foreign investments in American companies that manufacture “critical” technologies and infrastructure, as well as own airport and seaport properties.
Chao’s influence over budget cuts could also affect national security, lawmakers allege.
A Treasury Department official reaffirmed on Sept. 8 the Trump administration’s denial of temporary waivers that previously allowed countries to import Iranian crude oil under U.N. and U.S. sanctions.
The Office of Foreign Assets Control said additional trade regulations will take aim at the Nicaraguan president and his regime for the ongoing use of violence against the country’s people.
The Canadian Load Board unveils aggressive zero-cost entry point as looks to bring users and loads to its network after a sluggish launch.
With their vast knowledge of imports, customs brokers see themselves playing an important role in the battle against counterfeit goods.
The new tariffs, announced a day after the Fed cut rates, will affect mostly consumer goods.
Those convicted will be banned for life from obtaining a CDL.
Governor Gavin Newsom requests federal assistance from President Trump
Provision in Coast Guard bill tightens foreign-ship waiver process
It appears that Chinese retail investors are moving capital out of the country in response to the devaluation of the yuan.
State-by-state benefits of raising gas tax included in White House letter.
New Fortress Energy wants LNG transport efficiency using tank cars
Laredo’s historic reign as the top United States trade port was short-lived, as the Port of Los Angeles rebounded from its lowest monthly total in three years, enabling it to […]
Truckload carrier stocks have held up through the last six trading sessions, walking through a couple of potential body blows.
Business groups may also look to courts as potential way out
Tariffs starting June 10 at 5 percent to escalate to 25 percent by October 1.
Raising the gas tax a priority despite pushback by conservatives.
Democrats boost maritime programs over Trump’s budget
The U.S.-China trade talks throw another curveball at shippers and leave no time to move containers ahead of new tariffs. Market experts see no quick relief at hand, and the […]
Trucking warns supply chain may still require Inventory buffers.
“Any attempt by the United States to reverse course on IMO 2020 could…potentially backfire on consumers.”
Ten-year waiver to move U.S. LNG to Puerto Rico is off the table – for now.
No signs yet on agreement on how to pay for it.
Getting Trump to support raising the gas tax would be a major step toward passing an infrastructure bill.
Results of two audits could affect current quotas of glider truck kits.
Delays could extend to U.S.-Canada as customs personnel are relocated to deal with immigration on the southern border.
President Trump’s executive order would create new transportation option for capacity-constrained LNG markets.
Trump now threatening tariffs against Mexico while trade groups claim cross-border supply chains still at risk.
Association’s new ad campaign highlights dangers to consumers of not getting a highway bill funded this year.
Even if the border remains open to freight, shutting out the ~500k workers, students, shoppers, and tourists who legally cross each day would still have a major economic impact.
A bipartisan deal on the table. Amazon and GM consider investing in electric pickup maker, Rivian. The volatility of spring markets. All this and more in today’s pickup.
Political analysts say that the presidential campaign of Washington State Governor Jay Inslee will focus on climate policy in the transportation, manufacturing, and energy sectors, which could affect the way goods move across the country.
Dry bulk carriers outperformed the S&P 500 by a significant margin today, with Star Bulk Carriers, the largest publicly traded fleet in the segment, gaining 5.1% on the day.
Capacity constraints, strong demand, and chaotic tariff-related traffic pushed transpacific containers rates to new heights, but the current inbound container surge, unrelated to consumer demand, will create a steeper drop off in Q1 2019.