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.
In the wake of the House Appropriations Committee allocating just $250 million for port projects, the AAPA is demanding additional funding from the government, to keep up with the spike in growth of multimodal freight.
China and the United States issued a joint-statement regarding trade consultations and a desire to support bilateral trade between the countries.
Trucking employment drops 5,500 in April, railroad jobs drop 800; Nestle pays Starbucks $7B+ to sell its products worldwide; Romaine lettuce E. coli still a mystery; China steps up quarantines of US food imports.
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.
Trump and China cool off which should allow the economy and subsequently the transportation industry some respite. China creepily leading the pack on AI.
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.
China has increased tariffs by up to 25% on 128 U.S. products, in retaliation for the tariffs added by the U.S. last week. The Chinese tariffs target farm products, with the severely hit being pork exporters.
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
Vietnam is the fastest growing supplier of electronics and apparel to the United States, and a fresh wave of foreign investment has the country poised to realize gains in worker productivity.
The trade deficit widened in January, and the prospects of a trade war have clouded the outlook for transportation both in and out of the country
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
On Friday, the U.S. Department of Labor published a Notice of Proposed Rulemaking that expands the ability of associations to offer health insurance plans.
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?
