U.S. automakers and parts suppliers were among the sectors hit hardest in early trading May 31 after President Donald Trump’s threat to impose a tariff of up to 25% on Mexican goods. General Motors Co. and Ford Motor Co. each fell more than 3%.
May 31, 2019Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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GM, Ford Slip as Auto Sector Hit by Trump’s Mexico Threat
Tesla Starts Accepting Orders for Lower-Priced Model 3s Made in China
Tesla Inc. started taking orders for Model 3 cars to be made in China, lowering prices for the vehicle as it seeks to double down on a market it expects to drive future growth and revenue.
May 31, 2019Pork Producers, Corn Growers Urge Trump to Reverse on Mexico Tariffs
The U.S. National Pork Producers Council urged President Donald Trump to reverse his decision to impose new tariffs on Mexico over illegal immigration.
Trump to Impose Tariff Until Mexico Stops Migrant Flood Into US
President Donald Trump said that he would impose a 5% tariff on Mexican goods until that country stops immigrants from entering the U.S. illegally.
May 30, 2019FedEx Ground to Deliver Seven Days a Week to Satisfy Online Shoppers
FedEx Corp. announced the FedEx Ground unit will offer deliveries seven days a week for the majority of the U.S. population beginning in January to further serve the fast-growing e-commerce market.
China Puts US Soy Buying on Hold as Tariff War Escalates
China, the world’s largest soybean buyer, has put purchases of American supplies on hold after the trade war between Washington and Beijing escalated, according to people familiar with the matter.
May 30, 2019500 Tornadoes in 30 Days Among Highest Reported From Past Seven Decades
The United States has been rocked by 500 tornadoes in the past 30 days with a trapped jet stream in the atmosphere “stuck in neutral,” according to the U.S. Storm Prediction Center.
Goods-Trade Gap Widens Second Month to Highest This Year
The U.S. merchandise-trade deficit widened for a second month to the highest level since a record in December as exports dipped.
FedEx Practice of Diverting Delivery of Huawei Parcels Called a Political Ploy
FedEx Corp.’s reported practice of rerouting Huawei parcels to the United States without the Chinese company’s authorization demonstrates that the U.S. government is leaving no stone unturned to disrupt normal business activities, analysts said May 28.
Cameron LNG Poised for First Export Shipment With First LNG Tanker
Cameron LNG is poised to load its first export shipment of liquefied natural gas after the arrival of the first LNG tanker at its Louisiana facility.