Rhode Island begins tolling trucks today; SCOTUS rejects review request by JB Hunt on California case; Rolls-Royce engine problems spread; transportation companies fret over tariffs; Waymo to buy up to 62,000 Chrysler Pacificas.
Ag haulers are not only dealing with ELDs and hour-of-service uncertainty, but tariff talk is clouding the future outlook as well.
Mexico, Canada, and the EU announce retaliatory tariffs; Dow Transports still above 200 day average; the US asks OPEC for a production hike; DHL remains largest air freight forwarder; containership loses 86 boxes in storm off Australia; how China beats US steel tariffs.
U.S. Sen. Bob Corker, R-Tenn., says he and others are “crafting” legislation requiring congressional authority over levying tariffs in response to President Donald Trump’s imposition of stiff steel and aluminum tariffs on Canada, Mexico and the European Union.
The truckload business is booming, but how high will rates go? Hyundai Merchant Marine orders 20 new containerships; China keeps the door open on US trade talks; global equities rise on US jobs report; a pension fund is building a $4.9B railroad in Quebec; manufacturing activity expands.
The US trade deficit in goods narrowed for the second consecutive month, but a decline in both exports and imports means less transportation to and from ports
China and the United States issued a joint-statement regarding trade consultations and a desire to support bilateral trade between the countries.
The ambiguity surrounding trade talks is leading companies most affected by the tariffs to delay hiring or spending plans until they have a clearer sense of what the administration will do.
Data from the Institute of Supply Management shows that manufacturing activity lost some momentum in April, as the current capacity crunch and recent tariffs have impacted production flows
Mnuchin is running a full court press to make Chinese tariffs, aluminum sanctions, and NAFTA renegotiation the least disruptive as possible.
Responses from the Federal Reserve’s Beige Book on regional economic conditions show that recent tariffs and capacity issues in freight are starting to pressure businesses.
The spot market is normalizing; XPO’s Brad Jacobs talks jazz and M&A; China COSCO’s purchase of OOCL might be held up; railroad Teamsters want NAFTA changes; weak spot rates for container ships pulling down contract negotiations; Xi looks for a way out of the trade war.
President Donald Trump’s tariffs appear to be driving up demand for American-produced aluminum and steel, but they are also driving up costs for equipment manufacturers.
Trucking contract rate increases tamp down volatility; Nikola Motor Company returns deposits on truck orders; Hunter Harrison was one of the highest paid CEOs in 2017; Xi Jinping takes the stage to defend Chinese trade practices; container lines enter bid season with a weak hand.
Predictions about a freight market recovery in the dry bulk and container markets can be left high and dry, if the unexpected factor of a trade war comes to fruition.
Trade war fears have caused increased volatility in stock markets over the past month. However, worries over a deep recession caused by protectionism appear overblown for now. The challenge for transportation companies will be less about a collapse in activity and more about adjusting to the new reality.
Soybean exports to China have been levied 25% additional tariffs as China hits back with tariffs on U.S. exports worth $50 billion annually.
Transport stocks excluding bulk maritime carriers largely unaffected by tariffs; Port of LA getting new container terminal; Boeing and Ford threatened by Chinese tariffs; new autonomous shipping joint venture announced; commercial driving schools see low enrollment; a guide to Tesla’s guidance.
Data from the ISM index showed that manufacturing activity pulled back slightly in March, and responses from the survey highlight the impact that trucking shortages and tariffs are having on performance.
Regional manufacturing data from the Dallas and Richmond Fed suggests that manufacturing activity has cooled in March as the impact of tariffs has affected output
The threat of retaliatory tariffs on American agricultural products could hurt wheat exports, which are already struggling to compete on the international market. Railroad grains volumes in 2018 YTD are down, in many cases by double digits.
April 1st promises a surge of HOS violations; Uber pulls out of Southeast Asia; China starts trading oil futures; US Customs looks to upgrade their digital tools; Kansas City Southern hit by new tax bills.
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.
With truck order forecasts continuing to rise, Mack Truck officials speaking at the Mid-America Trucking Show in Louisville on Thursday reiterated their confidence in a strong economy through the end of this year.
The tariff is aimed at curbing theft of U.S. technology and likely to trigger retaliation from Beijing and incite fears of a global trade war.
The US appears set to impose significant tariffs on China, raising the threat that the economy may find itself in a full-fledged trade war
Health company higi is opening up resources at its 11,000 self-screening health stations to truck drivers who are members of Rolling Strong for free biometric testing.
Rep. Sam Graves (R-MO) is pushing a vehicle miles tax in Washington as the solution to funding road and infrastructure improvements rather than raising fuel taxes.
Stock is down across the beer industry. The tariff costs to the industry will ultimately cost consumers.
As the Trump administration makes public its intent to look at using tariffs to address what it believes are inequities in global trade markets, it set the stock market into a tailspin for good reason. We decided to lay out a basic primer and history lesson on tariffs.
Trump recently announced plans to implement tariffs on steel and aluminum imports beginning next week. This move should help bolster the US domestic steel industry, but comes with many unintentional consequences affecting transportation and the economy overall
Coal, steel, and the railroads that carry those commodities saw stock gains; auto companies and aluminum-intensive manufacturer stocks slipped on the news.
The Owner-Operator Independent Drivers Association (OOIDA) has issued a letter to state attorneys general in all states asking them to review potential problems surrounding upcoming enforcement of the electronic logging device mandate.
The Trump administration is considering tariffs on foreign steel as a way to boost the purchase of American steel. But will this Buy American approach lead to an in increase in vehicle and other manufacturing costs?
