President Donald Trump’s chief NAFTA negotiator said the United States, Canada and Mexico are “nowhere near close to a deal” to update the region’s 24-year-old free-trade pact as U.S. lawmakers warn that time is almost up to reach a agreement that can pass the current Congress.
May 18, 2018Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
US Dashes Hopes for Quick NAFTA Deal Amid ‘Gaping’ Differences
Judge Rejects Fired UPS Manager’s Sex Bias Lawsuit
A former UPS Inc. manager couldn’t show he was treated differently from similarly situated employees, so a federal judge on May 11 left his sex bias lawsuit at the door.
Trailer Orders Continue to Mount, and So Does Pressure on Trailer Makers
U.S. trailer orders continued to mount in April, tightening the pressure on trailer makers to secure the components and labor needed to boost production amid the rising cost of materials.
Redwood Logistics Buys Roar’s Phoenix Division
Redwood Logistics purchased the Phoenix-based freight management services division of Roar Logistics to expand its presence in the Southwest. Terms weren’t disclosed.
May 17, 2018Maersk Shares Plunge as Container Line Underperforms
A.P. Moller-Maersk A/S reported an unexpected loss after its container line, the world’s biggest, conceded market share and rising costs outpaced freight rates.
May 17, 2018FedEx CEO Fred Smith Sees Blockchain as ‘Next Frontier’ for Logistics
Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo.
Morgan Stanley Says Shipping Revolution Has Oil Headed for $90
Brent crude will reach $90 a barrel by 2020 as new international shipping regulations take effect, overhauling the types of fuels produced by refiners, Morgan Stanley analysts said in a report.
Boeing Jumbo 747s Get Extended Life as Airfreight Haulers
Interest in Boeing’s 747-400 freighter family already was rebounding last year, even as Delta Air Lines Inc. and United Continental Holdings Inc. hosted nostalgic farewell tours to mark the end of U.S. passenger service on the four-engine behemoth nicknamed the “Queen of the Skies.” With Boeing’s factory-fresh models sold out through 2021, cargo carriers are snapping up jumbo freighters that were built from 1993 to 2009 — if they can find them.
Uniform Road Laws, Reduced Congestion Could Ease Interstate Trucking, Experts Say
WASHINGTON — Harmonization among states on road laws relating to capacity would vastly improve interstate trucking, according to industry experts.
Union Dispute Leaves Some Freighters Stuck at Port of Toledo
A long-simmering labor dispute between a local longshoremen’s union and a Port of Toledo stevedore has led to three ocean freighters being waylaid at the Port of Toledo docks and a fourth boat being turned away — potentially costing the terminal tens of thousands of dollars a day in lost work.