The U.S. trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in the value of imports amid COVID lockdowns in China while exports climbed.
June 7, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Trade Deficit Narrows Most on Record on Muted China Imports
Supply Snarls in US Are Easing
The Logistics Managers Index dropped to 67.1 in May, the second straight decline from a record of 76.2 reached in March.
XPO’s SEC Filing Advances Spinoff of Brokerage Platform
XPO Logistics Inc. has filed a confidential Form 10 registration statement with the U.S. Securities and Exchange Commission for the planned spinoff of its tech-enabled brokered transportation platform, the company announced.
June 6, 2022Labor Talks for Port Workers Continue
The immediate future of the global supply chain rests on a bargaining table in San Francisco, where the union representing all West Coast dockworkers is hashing out a new contract with the assembled bosses of maritime shipping.
CSX Turns Away Freight as Railroad Struggles to Fill Jobs
CSX Corp. is turning away freight from customers, ceding cargo business to truckers, as the railroad struggles to hire workers, CEO Jim Foote said.
World Events Redistribute Supply Chains
Trade disruptions from China’s lockdowns and the war in Ukraine are seen doing for Southeast Asia what the U.S.’s spat with Beijing couldn’t meaningfully do — redistribute supply chains.
Survey Shows Slight Rise in Truck Drivers Seeking New Jobs
Truck drivers are increasingly more interested in switching carriers, with 37.4% saying they are looking for a new job, according to a survey released May 31.
Planners Eye New Freight Corridor Thanks to Interstate Designation
President Joe Biden’s recent interstate designation of a New Mexico-to-Texas freight corridor will give truckers a less congested route for future U.S. trade with Mexico and Canada.
Proposal Seeks Increase in Port Diesel Fee
LONG BEACH, Calif. — San Pedro Bay ports charge $10 per container for transport that isn’t by a zero-emission truck, but an environmental group wants to combine a higher fee with incentives to accelerate adoption of cleaner trucks.
Biden to Devote $2.1 Billion to Strengthen Food Supply Chain
The Biden administration on June 1 will announce $2.1 billion in new funding to bolster food supply chains, including initiatives to expand small- and midsized processing plants, according to a U.S. Department of Agriculture official.