FedEx Lobs New Attack on Trade Limits as China Threat Looms
FedEx Corp. has fired a new weapon in the simmering U.S.-China trade war, suing the Trump administration to block enforcement of trade restrictions that had placed the company in Beijing’s crosshairs.
June 25, 2019Trade War Hinders Global Trade in April
Global trade stumbled in April as the tariff war between the United States and China showed few signs of ending, figures released June 25 showed.
June 25, 2019Business, Freight Stakeholders Urge Trump, Congress to Advance Infrastructure Policy
Speaker of the House Nancy Pelosi recently said that she remains committed to advancing an infrastructure policy measure that would boost jobs. She explained that such a deal could be accomplished if President Donald Trump would only negotiate with her party. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
June 25, 2019Emerging Markets Offer Investment Opportunity During Trade War
Rocked by trade disputes, the possibility of a U.S. recession and the ever-present threat of political conflagration, the backdrop for emerging and frontier markets rarely has seemed less settled. Dare to look past the turmoil, though, and opportunities abound.
June 25, 2019Oregon Gov. Kate Brown Expands Road-Usage Charge Program
Oregon Gov. Kate Brown has signed legislation that will expand the state’s voluntary road usage charge program, known as OReGO.
June 25, 2019Port Officials Look to Keep Giant Cranes off Trump Administration Tariff List
As America’s ports handle larger amounts of cargo from bigger container ships, the ports are in a building boom. But the cost of expanding could get more expensive if a Trump administration plan to impose 25% tariffs on ship-to-shore cranes manufactured only in China are implemented.
June 25, 2019Coalition Pushes for Federal Excise Tax Repeal on New Trucks
A group of stakeholders is pushing for the congressional repeal of the federal excise tax on the sale of heavy-duty trucks and trailers. At a forum June 19, the Modernize the Truck Fleet coalition urged federal lawmakers to pass the Modern, Clean, and Safe Trucks Act of 2019.
June 25, 2019New-Home Sales Fall to Five-Month Low, Missing Estimates
Sales of new U.S. homes fell to a five-month low in May, adding to signs of weakness in the sector despite lower mortgage rates.
June 25, 2019Diesel Declines 2.7¢ to $3.043 a Gallon
The U.S. average retail price of diesel dropped 2.7 cents to $3.043 a gallon, the Department of Energy reported June 24. Crude oil prices jumped about 10% to more than $57 a barrel amid increased tensions in the Persian Gulf, then climbed higher later in the week.
June 24, 2019Soybeans May Be Next Market to Surge as Wet Weather Drags On
Corn prices have been on an epic run. Now, soybeans could soon be catching up.
June 24, 2019