China is stepping up purchases of soybeans from the U.S. as Brazilian sales start to wane and the Asian nation seeks to meet its pledges under the trade deal with Washington, according to people familiar with the matter.
May 12, 2020Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
China Steps Up US Soybean Buying With Million-Ton Purchase
USA Truck Posts Net Loss on Declining Revenue in Q1
USA Truck reported a net loss on decreased revenue during the first quarter, the company reported May 7.
Expeditors Sees Profit, Revenue Fall in Q1; Workforce Remains Intact
Global disruptions created by the coronavirus pandemic depressed profits and revenue at Expeditors International in the first quarter.
Minnesotans Lose Thousands in Auto Dealer-Shipper Scam
The Better Business Bureau (BBB) is warning Minnesotans about scams in which auto dealers and shippers ask customers to wire money for cars they have bought online.
Trump Casts Doubt on Future of China Trade Deal
President Donald Trump cast doubt on the future of his “phase one” trade deal with China, one of the biggest accomplishments of his first term, saying May 8 that he’s struggling with Beijing in the wake of the global coronavirus pandemic.
Musk’s Aim to Restart Tesla Plant Sets Up Potential Clash
Tesla Inc. plans to reopen its sole U.S. car factory as soon as May 8, possibly setting up another battle with local health authorities in California.
May 8, 2020Former XPO Executive to Become Next Postmaster General
A Republican fundraiser and political donor from North Carolina who also worked as an executive at XPO Logistics will be the next postmaster general.
May 7, 2020Daseke Reports Revenue of $391 Million for Q1
Daseke Inc., the Addison, Texas-based flatbed transportation and logistics company, extended its losses in the first quarter as the rate environment softened.
Tesla Idles China Plant, Suspending Vehicle Output Worldwide
Tesla Inc. suspended production at its plant on the outskirts of Shanghai, according to people familiar with the matter, bringing to a halt all of the company’s vehicle manufacturing globally.
May 7, 2020ArcBest Records 61% Decline in Q1 Net Income
ArcBest Corp. reported a drop in revenue and profits for the first quarter, and business took a turn for the worse at the beginning of the second quarter amid the coronavirus pandemic.