SONAR’s signature index has a birthday; Ocean Network Express to lose $600M; oilfield service companies guide for tight margins in Q3; President Trump bails on coal industry incentives; pros and cons of blockchain in container shipping; spending 60,000 hours reverse-engineering a Tesla Model 3.
Senator Bob Corker (R-TN) spoke to FreightWaves about his efforts to rein in what he called the Trump administration’s abuse of authority in imposing tariffs on the United States’ allies and trade partners.
Media outlets are reporting that President Trump has repeatedly told his staff of his desire to pull the United States out of the World Trade Organization, which has removed trade barriers and facilitated free trade for decades.
Mnuchin is running a full court press to make Chinese tariffs, aluminum sanctions, and NAFTA renegotiation the least disruptive as possible.
China approves drone package delivery; driver pay is up 15% in 3 years; Hapag-Lloyd has a plan to switch to low sulphur fuel; Trump gears up for fight with Amazon; Barclay’s thinks WTI crude will drop to $51 this year.
Transportations companies with cross-border business are exposed to tariff risks; new home sales fall unexpectedly; the Dow crosses below its 120-day moving average; acquisition-minded trucking companies face new financial scrutiny; Target and Kroger merger rumors.
Vietnam is the fastest growing supplier of electronics and apparel to the United States, and a fresh wave of foreign investment has the country poised to realize gains in worker productivity.
Stifel says UPS is now under-priced; Hapag-Lloyd offers digital rates platform for its customers; the Hudson Tunnel revamp just got harder; freight brokers do record volumes in January.
President Trump’s first State of the Union raised the stakes of his infrastructure plan from $1T to $1.5T in a rare moment of bipartisan appeal.
The infrastructure bill outline leaked yesterday provides clues to how Trump wants to incentivize $800B in state, local, and private spending: tolls on interstates, removing constraints on private activity bonds, and value capturing financing for transit projects.
The Trump administration wants to open up nearly all of the outer continental shelf to offshore drilling. That means more energy production, more economic growth, and more truckload miles.
The massive tax cut passed by the GOP will benefit trucking companies large and small and will boost economic activity across many sectors.
Last-minute efforts to delay or stop the electronic logging device rule (ELD) are continuing, but it may be too little, too late unless President Donald Trump throws a Hail Mary.
President Donald Trump took his case for tax reform to the American people on Wednesday night – specifically the trucking community – at an event in Harrisburg, PA.
