China will impose additional tariffs on U.S. imports worth about $75 billion in response to a forthcoming fourth tranche of U.S. tariffs across about $262 billion worth of goods from China in annual import value, China’s State Council announced Aug. 23. Additional tariffs of 5% or 10% will be imposed in two batches on 5,078 […]
The freight industry is being battered by falling volumes and loosening capacity, with tightening credit standards further exacerbating the situation.
Using data from FreightWaves SONAR, economist Ibrahiim Bayaan writes about the state of the U.S. retail market and what is ahead for this key sector.
Sanguine outlook could flip, but retailers look well stocked ahead of peak season.
Since Uber went public in May 2019, journalists and analysts have sharpened their skepticism regarding the viability of the company’s sweeping ambition and future-reliant success. A 23 percent drop in the company’s stock shares (as of August 19) and its second quarter loss of $5 billion, mostly due to stock-based compensation, cause investors to wonder […]
The United States-Mexico-Canada Agreement (USMCA) was the hot topic at the most recent meeting of the Laredo Motor Carriers Association (LMCA). Trucking industry leaders, customs brokers, freight forwarders and trade professionals from both sides of the United States-Mexico border gathered August 15 in Laredo for a presentation entitled “Modernization of Cross-Border Trade.” Speaking at the […]
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s transport industry grows; AIT Worldwide expands Mexico operations; Nuevo Laredo sees more border crossings; and Mexico freight forwarders unveil new maritime index. Mexico’s freight transport industry continues to grow despite theft and fuel crises In the first […]
A lot of new pipeline capacity is kicking in and the need for trains is going to be greatly reduced.
Retail remains a rare source of strength in the economy while manufacturing struggles
The jobs of 449 workers are at stake as Aspray Transport closes down on August 16, after reeling under insurmountable debt and a worsening Brexit situation.
Tariffs are dampening enthusiasm for apples grown in Washington state, the country’s number one producer.
Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season, but renewed trade concerns has them bouncing about.
As protests continue at Hong Kong International Airport (HKIA), the disruption has not caused major delays in air cargo shipments or dramatic increases in rates, experts told FreightWaves. Protests at Hong Kong’s airport continued on Tuesday, August 13, causing a second day of mayhem for travelers at one of the world’s busiest hubs. Hundreds of […]
Some tech goods, including cellphones, laptops and video game consoles, won’t be subject to Section 301 tariffs when a new round takes effect September 1.
In Texas, several major and regional airports posted large increases in air cargo trade for the first six months of 2019. Amarillo International Airport’s trade with the world rose a whopping 19,028 percent compared to the first six months of last year, with a shipment of aircrafts to Brazil accounting for 99 percent of the […]
U.K.-based Deliveroo is exiting Germany, citing difficulties in maintaining the level of customer service that it offers across its other markets.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: new FAST lane in Laredo, Pharr Bridge sees mixed results, sales of heavy duty trucks plunge in Mexico, Doggett Industries acquires trailer business and Border Patrol talks “Operation Big Rig.” New FAST Lane at World Trade Bridge […]
Port Laredo and the Port of El Paso reported declines in total trade volumes for the first six months of 2019, compared to the same period last year. Laredo’s trade with the world fell slightly – 0.39 percent – from $116.6 billion to $116.15 billion through the first six months of 2019, according to WorldCity […]
July PPI data showed another decline in trucking rates as yearly growth will likely turn negative soon.
The Commerce Department’s investigation into Mexican tomato exports is set to conclude on September 19th.
