Canadian Pacific Kansas City said fourth-quarter revenues increased to $3.9 billion from $3.8 billion a year ago, as diluted earnings per share increased to $1.28 from $1.10 in the same quarter in 2023. The Calgary, Alberta-based company (NASDAQ: CP) said after markets closed that its operating ratio decreased by 210 basis points to 59.7% from […]
Panamanian President José Raúl Mulino rejected President-elect Trump’s claims of Chinese interference and high fees to use the Panama Canal.
A key ocean container spot rate benchmark dropped nearly 18% this week.
The year 2020 marked a significant turning point for many businesses in the U.S. and throughout North America.
The EU is Streets Ahead of the US in Electric Vehicle Uptake
The Pony Express lasted only one year and was a financial failure. So why are we still talking about it today?
Top commodity by value shipped out of each state
The United States has imported a relatively small share of crude oil from Russia, but U.S. imports of petroleum products from Russia — namely, unfinished oils and fuel oil.
The Annual Energy Outlook 2022 Reference case projects that U.S. energy consumption will grow through 2050, primarily driven by population and economic growth
Average Vehicle Trip Length by Purpose
Percent of bridge area rated poor in state
Check out the key initiatives in the plan here!
25,000 personal care products now available in 6 markets
In 2020, 18.1 million barrels per day of petroleum products were consumed in the United States.
The world’s 10 longest railway networks
Americans used about 123 billion gallons of motor gasoline in 2020
In 2020, five countries accounted for about 50% of the world’s total crude oil production
In 2020, total consumption of
fossil fuels in the United States, including petroleum, natural gas, and coal, fell to 72.9 quadrillion British thermal units (Btu),
down 9% from 2019 and the
lowest level since 1991.
United States Petroleum Product Consumption
How Much Gasoline Does The United States Consume?
United States Greenhouse Gas Emissions by Economic Sector
The Artic Ocean may be the next area that sees the superpower nations “rubbing up” on each other in search of faster ocean passage and a new source of natural resources.
Procter & Gamble (NYSE: PG) released its fiscal year 2020 second-quarter results ahead of the opening bell on Thursday. The Cincinnati-based consumer products giant reported $18.2 billion in quarterly sales, a 5% increase over the previous year but short of the $18.4 billion consensus compiled by analysts who follow the company. P&G saw organic sales […]
Well-known Pacific Ocean specialists Matson and Swire have joined forces to serve the South Pacific island nations.
In 2020, growth is expected to slow further in nearly every global region, except Latin America and emerging Asian economies.
Canadian e-commerce firm allows merchants to sell CBD and other hemp products online and in brick-and-mortar stores.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: U.S.-Mexico migration deal expires on Sept. 6; Columbus, NM, gets new improved port of entry; rare invasive beetle species found in shipment of corn; and Marco Grajeda named director of New Mexico Border Authority. Mexican officials […]
The U.S. Department of Commerce recently issued 31% tariffs on structural steel imports from Mexico and 141% tariffs on steel from China. U.S. officials made a determination that producers in both Mexico and China had dumped fabricated structural steel on the U.S. market at prices below fair market value, hurting the U.S. steel industry. “The […]
Editor’s note: Kenneth Smith Ramos is a former chief negotiator for the United States-Mexico-Canada Agreement for the Mexican government. He is currently a partner at Mexico City-based Agon, Economía, Derecho, Estrategia. The opinions expressed here are those of Ramos and not American Shipper or FreightWaves. One of the main objectives of the new trade agreement […]
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.
The Port Report focuses on another vessel being seized in the Strait of Hormuz.
Mexican factories exported a record-breaking 1.74 million vehicles worldwide during the first six months of 2019. The majority of those vehicles – 1.37 million – were shipped north across the border to the United States, according to data recently released by Mexico’s Asociacion Mexicana de la Industria Automotriz (AMIA). “The United States remains, without a […]
Drivers of 18-wheelers, tractor-trailers, delivery trucks, freight trucks and tanker trucks hauled more than $671 billion in goods across the United States-Mexico border in 2018. However, there are around 50,000 unfilled driver positions throughout Mexico, according to Enrique González Muñoz, president of the Mexico City-based National Chamber of Freight Transport (CANACAR). The biggest need is […]
The numbers of robots in use around the world is forecast to reach 20 million by 2030…. automation is also forecast to displace tens of millions of people from their jobs.
The McAllen Economic Development Corporation (EDC) recently worked with officials in the Mexican city of Reynosa to build two new maquiladoras (also known as maquilas), in addition to a major expansion of an existing one. The three maquiladoras — Indo-MIM from India, Delphi Technologies from England and Nidec Motor Corp. from Japan — represent around […]
For the first time in its 168-year history, Port Laredo is No. 1. Laredo surpassed Los Angeles as the nation’s busiest trade hub, including airports, seaports and international border crossings. Port Laredo did $20.09 billion in trade during the month of March (according to the latest Census Bureau numbers available and analyzed by WorldCity), while […]
Brian Mulroney, an architect of NAFTA’s precursor, says the trade deal will withstand Trump’s latest tariffs.
Sub: Removal of levies on aluminum and steel end costly trade dispute – but both nations reserve right to resume them in response to dumping.
Amazon bowing out of China; U.S. doubles oil exports in 2018; electric scooters bite into dockless bike sharing market.
Political tensions in the Washington-Beijing bilateral relationship are making the China-based U.S. business community uneasy. Tariffs are being blamed for driving business confidence down, decreasing investment and for re-routing Asia-Pacific supply chains.
