The European Union gave President Donald Trump a fresh warning about any U.S. curbs on imports from Europe by pledging rapid retaliation, highlighting the persistent risk of a trans-Atlantic trade war.
January 29, 2018Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Europe to Trump: If You Want a Trade War, You’ll Get One
US Says ‘Some Progress’ Was Made at Latest NAFTA Talks
The U.S., Canada and Mexico said they’ve made some progress in the latest round of NAFTA talks, while America’s trade chief warned he’d like negotiations to speed up.
FedEx to Borrow $1.5 Billion for Contribution to Pension Plan After Tax Changes
FedEx Corp. is borrowing $1.5 billion to fund a contribution to its pension plan that it announced after the passage of U.S. tax law changes.
New Hawaii Cargo Shipping Service is a No-Go
A much-touted plan to start a new Hawaii ocean cargo transportation service is dead in the water.
First Cryptocurrency Freight Deal Takes Russian Wheat to Turkey
The first freight deal settled in Bitcoin was executed last month on a vessel carrying wheat from top shipper Russia to Turkey, according to Prime Shipping Foundation, the venture behind the transaction.
Amazon Expands Delivery Trial That Could Hurt FedEx, UPS
Amazon.com Inc. is expanding a service launched to make more groceries, cleaning supplies and other products available for quick delivery directly from merchants without overwhelming the e-commerce giant’s warehouses with additional inventory, according to documents reviewed by Bloomberg News.
Port of Virginia Gets Preliminary OK on Dredging Project
The U.S. Army Corps of Engineers has preliminarily approved a project to dredge Virginia’s Norfolk Harbor from 50 feet to 55 feet, but a final decision on whether to fund it will come this summer.
January 26, 2018Cross-Border Training Program Saving Commercial Truck Drivers
Commercial truck drivers in Mexico who go through a new Arizona cross-border program are less likely to be flagged for safety violations when they show up at ports of entry, officials said.
Union Pacific Starts Work on $550 Million Rail Yard in Texas
Union Pacific Railroad announced Jan. 25 the company started construction this month on a major rail yard near Hearne, Texas, a $550 million project that’s the largest in the railroad’s 103-year history.
Fleet, 22-Year-Old’s Logistics Startup, Raises Another $10 Million
At 14, an age when other kids want video games and gadgets, Max Lock wanted a job.