Shipping Costs Are Soaring as LNG Vessels Drop Out of Service
The day rate for a standard tanker east of the Suez Canal jumped 57% in the week to Oct. 9, as issues related to U.S. sanctions on units of China’s COSCO Shipping Corp. start to hit just as the heating season begins to boost demand.
October 11, 2019Walmart’s Vaunted Turnaround Artist, Greg Foran, Leaves for Air New Zealand
Walmart U.S. CEO Greg Foran, the architect of the revival of Walmart Inc.’s U.S. stores, is departing to run an airline in his native New Zealand, leaving a big hole at the world’s biggest retailer on the cusp of the holiday season.
October 10, 2019Trump Says Day 1 China Trade Talks Went ‘Very Well’
President Donald Trump said the first day of high-level trade negotiations between the U.S. and China went “very well” and he’ll meet the top Chinese negotiator on Oct. 11.
October 10, 2019Trucking Takes on Emerging Challenges
SAN DIEGO — Trucking leaders discussed how potential changes to federal regulations and international trade policy may soon affect the industry during American Trucking Associations’ 86th annual Management Conference & Exhibition, held from Oct. 5-8.
October 10, 2019UPS, Shippo Collaborate on Small-Business Shipping
UPS Inc. will work with shipping technology company Shippo to offer marketplace shipping rates to the more than 35,000 small- and medium-size businesses that use Shippo’s platform, according to an Oct. 10 news release.
October 10, 2019GM Factory Hands Making 40% Less Than Their Coworkers
The future of temps has been among the major impasses contributing to the United Auto Workers union’s strike against GM, now in its 25th day.
October 10, 2019Funding Bills to Dominate Congress’ Fall Legislative Agenda
When congressional funding leaders return to Washington on Oct. 15, they plan to cut through a tense political atmosphere and resume negotiations on their fiscal 2020 appropriations measures.
October 10, 2019Employers, Drivers Urged to Register for Drug, Alcohol Clearinghouse
SAN DIEGO — Federal Motor Carrier Safety Administration officials are encouraging motor carriers to register now on the agency’s Drug and Alcohol Clearinghouse database, aimed at ending job-hopping by drivers who fail their drug and alcohol test.
October 10, 2019China to Ask US to End Sanctions on COSCO Shipping Company
China plans to ask the U.S. to lift sanctions on its biggest shipping company at high-level trade negotiations in Washington this week, people familiar with the matter said.
October 10, 2019Consumer Comfort in US Improves on Economy
U.S. consumer comfort improved slightly last week as more upbeat assessments of the economy and buying climate were tempered by the weakest reading on personal finances in almost two months.
October 10, 2019