Mexico is dropping its plan to ban imports of genetically modified yellow corn from the U.S., officials say.
U.S. officials have called for a dispute panel over Mexico’s plan to stop importing genetically modified corn from farmers in the United States.
Two U.S. senators said Mexico’s plan to stop importing yellow corn violates its trade deal with the United States.
Atlas Air, Kalitta freighters spotted with military cargo at Air Force base
Fancy a Moscow mule or White Russian? Get ready to change brands.
High cost of repositioning reefer equipment is hitting food exporters hard amid ongoing tariff fallout.
The Trump administration’s reported plans to re-impose tariffs on aluminum imports from Canada could threaten cross-border supply chains. Or is it just a negotiating tactic?
Global trade could be the next casualty if the virus resurges, warns OECD.
Cargo flows face worst hit in a century but have potential to bounce back fast.
More tariff and sanction risks lie ahead for ocean shipping.
Trans-Pacific container volumes face escalating coronavirus risk.
FreightWaves’ maritime Market Expert Henry Byers provides insight regarding the Phase One trade deal between the United States and China.
New pact is a plus for tankers, bulkers and box ships, but less so for equities.
Phase One of the U.S.-China trade deal is scheduled to take effect Wednesday. Read CNBC’s Lori Ann LaRocco’s take on how that trade has changed since the tariff war began — and how it may never be quite the same.
A strong U.S. economy should see Europe-North America container volume growth of 3%+ next year, but clouds hover over the trade.
A trade war truce is not stopping multinationals from exploring alternative sourcing options to China, but moving supply chains is difficult, says expert.
Even a full U.S.-China trade deal might not stop shippers moving production out of China. But is the U.S. a realistic option?
Resilience360’s report on the impact of U.S.-China trade war discusses the uncertainty it has brought to global trade.
On Dec. 15, the same day Chinese tariffs were set to kick in on some U.S. goods, China agreed to suspend those levies, according to media reports. The suspension covers […]
An exclusive interview with John Hadjipateras, founder and CEO of NYSE-listed Dorian LPG.
Trade tensions look like they’ll get worse before they get better, a negative for ocean shipping demand.
West Coast freight volumes have been robust in 2019, but empty rail containers signal that the balance is shifting east heading into 2020.
The shift of production from China to southeast Asia is unlikely to stop the trans-Pacific container market from declining this year.
CEO tells FreightWaves the U.S.-China trade war has transformed the trans-Pacific trade and customers are receptive to paying IMO 2020 bills.
A United Nations report concludes U.S. consumers and Chinese exporters are the primary losers in the trade war. Taiwan, Mexico, Europe and Vietnam are net beneficiaries.
Ben Thrower writes about the importance of American agriculture – not just to the U.S. population, but to the country’s trade negotiations.
September saw China record its lowest monthly export growth to the U.S. since 1996 as the trade war inflicted more damage.
U.S. sanctions targeting a subsidiary of China’s COSCO Shipping could have far-reaching consequences.
Danish logistics conglomerate DSV is now one of the world’s leading forwarders after completing the acquisition of Panalpina in August.
Port of Los Angeles says it would take seven Vietnams to make up for the loss of business from China trade war.
Boeing Chairman and CEO Dennis Muilenburg on Wednesday expressed confidence the company would quickly overcome recent troubles with its new 737 MAX and 777X airplanes, but worried escalating trade tensions […]
It’s a great Monday to be alive, especially when it comes to listening to the hottest podcast in the freight industry. First, a massive cargo ship has capsized off the […]
Come on ride the ragin’ rollercoaster! First, Target tells suppliers to eat higher tariff-related costs, and Zach Strickland tells us why this has been one of the toughest freight cycles on record, and more.
The on-again, off-again trade war between the U.S. and China is a great threat to commercial vehicle forecasts, already buffeted by too many trucks and slowing freight growth.
The trade war with China has altered international shipping patterns, which has started to shift freight volumes to the East Coast.
Seaspan says high demand for containerships has shielded it from the U.S.-China trade war.
Stalco, a Toronto third-party logistics provider, takes advantage of duty-free limits to legally fulfill online orders of Chinese goods to consumers in the United States without incurring President Trump’s trade-war tariffs.
Escalations in trade tensions between the U.S. and China could discourage containership owners from ordering new ships.
Drewry says it expects a brief spike in transpacific freight rates to the U.S. West Coast following President Trumps threat to impose a new round of tariffs on imports from China.
On this historic WTT, Chad returns and joins Dooner on this odyssey of freight. We have breaking news about Trump’s new tariffs against China. Plus, K Ratio joins us to […]
The new tariffs, announced a day after the Fed cut rates, will affect mostly consumer goods.
Flexport’s customers have seen average landed unit costs rise by 30 percent due to tariffs.
FedEx preaches patience and looking beyond FY2020’s results. It will be a tough sell.
The U.S. and China habve agreed to resume trade talks, a break in the nearly 2-month stalemate which has affected trade flows and spawned uncertainty among businesses
Top transportation economist Paul Bingham goes in-depth on trade war freight consequences, both pro and con.
It appears that Chinese retail investors are moving capital out of the country in response to the devaluation of the yuan.
Geopolitical and trade tensions are having an increasing effect on shipping rates.
Donald Broughton explains the harm that tariffs can do to the economies of the United States, the country(ies) that tariffs are imposed on and the global economy.
Market expert Henry Byers examines the U.S.-Chinese trade war and its impact on imports and the broader economy.
Trade war tariffs are hurting the competitiveness U.S. businesses working in China, according to the American Chamber of Commerce in China (AmCham China). Tariff troubles increased over the weekend as the latest round of Chinese tariffs on $60 billion of U.S. goods began on Saturday, June 1.
What The Truck?!? returns with its Backhaul weekend edition with a focus on the Mexican Trade War tariffs, On The Radar, Earning O/U and Fast Paced Forecast.
The logistics giant said it will “fully cooperate” with any investigation.
As U.S.-China trade tensions escalate, data appears to be pointing to a volume slowdown.
If a trade war pares GDP growth, OPEC cuts may be extended, weighing tanker rates.
FreightWaves CEO Craig Fuller says he hopes he is wrong, but data is showing the freight market is heading into a recession. Who will feel the impact and the facts […]
Volumes took a nosedive after the tariffs increased and are starting to recover slightly, but the damage may already be done.
Sub: Removal of levies on aluminum and steel end costly trade dispute – but both nations reserve right to resume them in response to dumping.
Today on FreightWaves Now, we have snow in the Sierras and trouble in the midwest. Ports on both coasts prepare for another pull forward ahead of tariffs as the trade war rhetoric escalates.
What The Truck?!? hits the road this week as Chad and Dooner make tracks towards Birmingham, Alabama to cover McLeod’s Transportation, Finance and Accounting Conference. The guys talk with McLeod’s CEO Tom McLeod, VP of Ops David Custred, CFO Kasey Burleson, Chief InfoSec Officer Ben Barnes, and Buddy Moore Trucking’s CFO Susan Moore Kirkpatrick.
Danaos CEO does not believe trade dispute will cut box-ship ton-mile demand.
China’s new list more than doubles the tariff on LNG, but it’s the dry bulk stocks that are feeling the pain.
Stocks of publicly listed ship owners, particularly in the dry bulk sector, are feeling the fallout of trade tensions.
The final part of the FreightWaves series on the Panama Canal focuses on dry bulk transits. The two trends: US agribulk cargo to Asia is down, Colombian coal to the west coast of South America and Asia is up.
In the second-part of its series on the Panama Canal, FreightWaves interviews a canal authority executive on trends for container-ship transits and expectations for ship size growth in the years ahead.
A top executive of the Panama Canal Authority outlines the prospects for LNG, LPG and crude/product tanker transits through the larger locks of the waterway.
The annual deficit in goods and services increased by $68.8 billion, or 12.5 percent, according to Commerce Department data released today.
Talks between the U.S. and China have made significant progress over the last several weeks, and the two sides appear to be closer to a deal than at any time over the past several months. However, while the restoration of positive trade relations will help the trade outlook, other factors are likely to keep trade growth subdued going forward.
A 25 percent tariff on $200 billion worth of Chinese goods destined for the U.S. may get delayed again, but supply chain uncertainty persists.
Thousands of retail stores to shutdown this year; Amazon’s Whole Foods increases grocery prices citing inflation; U.S. retail sales record worst drop since 2009.
Stifel’s head of equity strategy thinks the stock market will be weak for the next decade and that the federal government will default on debt unless it can force access into Chinese markets.
Foxconn Technology Group (OTC US: FXCNY) created more uncertainty for its suppliers on Friday when it announced that it’s recommitting to building a liquid crystal display monitor (LCD) factory in Mount Pleasant, Wisconsin according to the Wall Street Journal.
Upheaval caused by the U.S.-China trade war has some freight interests uneasy about giving Trump more tariff power.
Apple’s manufacturing partner Foxconn Technology Group, which assembles Apple’s iPhone product in China, announced on Saturday that it has raised over $213 million for what it described as a “mega-development” in India.
The U.S. – China trade war continues to disrupt freight movements into the new year.
Among news of poor performance in the Chinese economy, one of the most distressing signals for foreign retailers and manufacturers is Apple’s announcement on Wednesday that the company had reduced revenue expectations due to poor iPhone sales in China.
The two sides traced out an agreement that would involve a commitment by China to increase purchases of American goods and services by $1.2 trillion over the next several years.
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.
It seemed like the stuff of posturing and hot air. It was hard to see anything substantive changing from the weekend meetings of the G20 nations in Argentina. Will something more than kicking-the-can come from the concessions?
Trump government looks to phase out IMO2020 sulfur cap regulations; Shanghai Composite Index crashes by 3%; Amazon revisting cities for finalizing HQ2.
Despite an exceptionally strong year for trailer orders, Wabash National’s stock took a hit when the company guided downward for its Q3 results, blaming higher input costs and labor issues.
Livestock businesses are looking to secure farms from future hurricane calamities; Elon Musk is accused of fraud by the SEC; global trade expected to grow irrespective of the tariffs war.
Corporate and industrial borrowing in China in the third quarter of 2018 surged to the highest level since 2013, just as the US Administration gets ready to impose the largest round of trade tariffs so far, targeting $200 billion worth of goods. A progressively weakening economy likely means a return to old school stimulus in fixed asset investments. .
A surge in hydro-power, cleaner air in the Capital and a need to further stimulate the economy will see increased demand for seaborne coal supplies to China this winter. That is good news for freight.
The trade tariffs spat between the U.S. and the rest of the world is having consequences at home, as importers and consumers have to contend with the rise in product prices in the country.
Redwood Logistics recently announced the launch of Redwood Mexico, a new service aimed at untangling the complicated process of shipping to and from Mexico.
Stifel’s super-team of equities analysts took a hard look at trade war risk for carriers in every mode and various types of logistics service providers. Dry bulk maritime is the most exposed, while air cargo is the least. Railroads and intermodal carriers like JB Hunt and HUB Group also have significant risk.
NAFTA trade talks are back on the table, with Canada and Mexico hoping to ward off potential auto tariffs that could be levied by the U.S. if the agreement turns out to be unfavorable to its interests.
The agreement will cover around 25% of the global economy, and, according to Bloomberg, by some measures the largest free trade area in the world.
While there is a lot of noise surrounding tariffs and potential trade wars, it probably isn’t enough to derail the economy and the red-hot freight environment.
President Trump is pushing his trade conflict with China toward a point where neither side can back down.
President Trump’s global trade war is posing a growing risk to the kind of robust job gains that the U.S. probably enjoyed again in June.
By far the most significant partnership came last month when Kroger said it would work with U.K. online supermarket Ocado.
The U.S. trade tariffs on Chinese exports is due to come into force on July 6, with U.S. businesses looking for different manufacturing options in South Asia to adapt their supply chains around the new reality.
The U.S. government is looking to levy 25% added tariffs on auto exports, which could set off a spate of trade wars with countries like Germany, Japan, and South Korea.
The curtains are coming down on the U.S.-China trade war, but all might not be well for the U.S., as the U.S. IP predation by Chinese companies seem to continue unabated.
