China
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American Shipper
Fitch Ratings downgrades economic forecast
The primary cause of the deteriorating outlook for the next 12 to 18 months is trade policy.
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Asia-Pacific
Chinese port Yantai and Brazilian miner Vale enter into iron ore pact
Yantai Port in northern China and the Brazilian miner Vale have signed a so-called strategic cooperation framework to promote the sale of Vale’s iron ore.…
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American Shipper
Trump announces two-week delay to planned China tariff increase
The announcement comes after Beijing announced its first round of tariff exemptions for U.S. goods earlier in the day.
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Asia-Pacific
Deutsche Post commits $552 million to build up to 100,000 StreetScooter units per year
Pilot eLCV projects are planned in the U.S. next year with local production a long-term aim.
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Air Cargo
U.S. to leave global postal union next month barring last-minute action; exit could send global parcel rates soaring
USPS' impending exit from Universal Postal Union could send international air parcel rates soaring
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Asia-Pacific
PORT REPORT: China’s port throughput volumes rise despite trade war
New official figures from China’s Ministry of Transport show that the volume of containerized ocean freight, as measured in twenty-foot equivalent units (TEUs) through China’s…
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News
Mexican government closing foreign trade offices as part of budget cuts
As part of an Austerity Law passed by the Mexican legislature in May, commerce officials in Mexico recently ordered the closure of six foreign commercial…
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American Shipper
CBP seizes illicit shipment of Chinese firearm parts
U.S. Customs and Border Protection officers at the Los Angeles and Long Beach seaport complex halted the illegal import of Chinese-made firearm parts valued at…
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FreightWaves Infographics
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American Shipper
International competition and trade uncertainty weigh on U.S. rail volumes for grain
Competition from other grain-producing countries weigh on U.S. grain exports – and on U.S. rail volumes for grain.
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