The U.S. trade deficit narrowed in April as exports and imports tumbled, highlighting the impact of President Donald Trump’s tariffs even before negotiations with China unraveled and he threatened levies on Mexican goods.
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Extras
Exports, Imports Plummet as US Trade Deficit Narrows
Wilson Logistics Acquires Market Transport and Larger West Coast Portfolio
Wilson Logistics said it has purchased Market Transport, a DSV Global Transport and Logistics subsidiary.
Port Tampa Bay Finishes Deepening, Hopes for More Cargo
Port Tampa Bay completed a $63 million expansion of its Big Bend Channel a year ahead of schedule, port officials said, as the Sunshine State eyes grabbing more freight from shippers while serving a growing distribution corridor in Central Florida.
Trump Says 'No Bluff!' On the Mexico Tariffs
Republican lawmakers eager to halt a new round of tariffs on Mexican goods next week have spent days urging the Trump administration to negotiate a solution with Mexico’s government.
VW Brand to Trim as Many as 4,000 Jobs Amid Digital Overhaul
Volkswagen AG’s main car brand will let lapse as many as 4,000 general and administrative jobs while adding at least 2,000 IT positions over the next four years, avoiding layoffs at its German factories as it negotiates a major shift toward electrification and self-driving cars.
GM Won’t Get Tariff Relief for Chinese-Built Buick Envision
The largest U.S. automaker can’t get a pass on tariffs snagging one of its models. The Trump administration refused to grant General Motors Co. an exclusion for its Chinese-built Buick Envision SUV, keeping in place a 25% duty on the import.
TFI Closes Highland Transport Subsidiary
TFI International Inc. is closing its 150-truck Highland Transport division, a possible sign of softness in the Northeast freight market, according to a TFI official.
Ryder Promotes Rich Mohr to Chief Technology Officer at Fleet Management Unit
Ryder Fleet Management Solutions, a unit of Ryder System Inc., appointed Rich Mohr chief technology officer.
June 4, 2019Tesla’s Secret Source of Cash Unmasked as GM and Fiat Chrysler
General Motors Co. and Fiat Chrysler Automobiles NV disclosed to the state of Delaware earlier this year that they reached agreements to buy federal greenhouse gas credits from Tesla.
Fiat Chrysler, Toyota and Nissan Sales Up on Best Deals of Year
Fiat Chrysler Automobiles NV, Toyota Motor Corp. and Nissan Motor Co. posted surprise gains in U.S. sales for May as carmakers offered richer deals to consumers to clear mounting inventory.