Shares in A.P. Moller-Maersk A/S, the world’s largest container shipping line, plunged the most in two months after President Donald Trump escalated his trade war against China.
August 2, 2019Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Maersk Plunges as Investors Dump Trade Icon on Trump’s Tweets
XPO Reports Mixed 2Q Financials
Global freight transportation and logistics provider XPO Logistics reported mixed financial results for the second quarter Aug. 1.
FBI: Amazon Drivers Part of Major Theft Ring
SEATTLE — A theft ring in Washington state sold millions of dollars’ worth of stolen goods on Amazon.com in the past six years, and a pair of Amazon delivery drivers was involved, recently unsealed federal court documents show.
Trump Ratchets Up China Trade War With New Tariffs
President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties after setbacks in negotiations with Beijing.
August 1, 2019China, US Plan Next Round of Trade Talks for September
U.S. and Chinese trade negotiators plan to meet again in early September, as the latest round of negotiations ended with few signs of concrete progress.
July 31, 2019C.H. Robinson’s Net Income Up 6.3% in 2Q
C.H. Robinson Worldwide reported net income for the quarter ended June 30 came in at $169.2 million, up 6.3% from $159 million in the second quarter a year ago.
Trade Group Targets Federal E-Commerce Bid It Says Favors Amazon
A trade association representing wholesale distributors is pressuring lawmakers not to approve increased government spending on a highly lucrative e-commerce contract the group says favors Amazon.com.
July 31, 2019Hub Group Reports Record Earnings Per Share for 2Q
Hub Group announced net income of $29.2 million, or earnings per share of 87 cents, for the second quarter ended June 30, according to an earnings release.
Tesla to Pay China $323 Million a Year in Tax for Factory Site
Tesla Inc. agreed to pay China 2.23 billion yuan ($323 million) in tax every year as part of a deal with local authorities to build an electric vehicle factory on the outskirts of Shanghai.
Majority of Trade Aid Went to Biggest Farms, Study Finds
More than half of the Trump administration’s trade war aid for farmers went to just 10% of the recipients in the program, according to analysis of payments by an environmental organization.