The U.S. trade deficit narrowed to the lowest level since September as exports rose to a record, amid Trump administration tariffs and trade threats that risk hurting global commerce.
June 6, 2018Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
US Trade Gap Narrows to Seven-Month Low on Record Exports
UPS Workers Authorize Union to Call First Strike Since 1997
UPS Inc. workers authorized their union to call what would be the first strike since 1997, giving negotiators more leverage in talks to replace a labor contract that expires at the end of July.
TRIP Report Shows Georgia’s Infrastructure Funding Will Need Boost Despite Transportation Bill
Although Georgia’s most recent transportation funding bill has generated enough to finance some major future projects, it will not be able to keep pace with the state’s growing infrastructure and capacity needs, according to a recent report from The Road Information Program.
Trump Wants Bilateral NAFTA Talks, But He Won’t Quit Accord
President Donald Trump is seriously considering separate trade negotiations with Canada and Mexico, but he doesn’t plan to withdraw from the North American Free Trade Agreement, White House Economic Adviser Larry Kudlow said.
Trump’s Transportation Cuts Rejected by Senate Panel
Senators are pushing back on President Donald Trump’s proposed cuts to transportation and housing programs in a spending bill advanced to the full Appropriations Committee.
Lineage Logistics Acquires Warehouse in Wisconsin, Adds Four Southeast Locations
Lineage Logistics has acquired Service Cold Storage in Stevens Point, Wis., along with a portfolio of four leased cold-storage warehouses located in Georgia, Louisiana, South Carolina and Virginia.
Sen. John Cornyn Says NAFTA Negotiators Missed Deadline for Congressional Vote
The U.S. Congress probably won’t have time to approve a new North American Free Trade Agreement this year, as Cabinet members from the three trading partners continue to negotiate changes to the pact, according to Senate Majority Whip John Cornyn.
Bill Targets Driver Shortage With Age-Restriction Reduction
In an attempt to close a truck driver shortage cited by industry insiders, Ninth District Rep. Trey Hollingsworth is co-sponsoring a bill that would lower the age when commercial motor vehicle drivers are able to travel across state lines from 21 to 18.
Schneider Executive Shaleen Devgun Named Adviser to Investment Firm 8VC
The connection between Schneider, one of the nation’s largest truckload and logistics service providers, and venture capital fund 8VC is deepening with the appointment of Shaleen Devgun, chief information officer and executive vice president at Schneider, as an adviser to the San Francisco-based investment firm.
June 4, 2018Head of Brazil’s State Oil Company Resigns in Wake of Trucker Strike
RIO DE JANEIRO — The president of Brazilian state oil company Petrobras resigned June 1, the latest fallout from a crippling truckers’ strike over fuel prices that has widespread implications for the future of Latin America’s largest economy.