The U.S. merchandise-trade deficit widened to a record in November as imports surged to an all-time high. The gap increased to $97.8 billion last month from a revised $83.2 billion in October, according to Commerce Department data released Dec. 29.
December 29, 2021No rankings are available for this year.
Extras
US Merchandise-Trade Gap Widens to Record as Imports Surge
Project at Port of Tacoma Aims to Relieve Congestion
At the Port of Tacoma, leaders hope a new project to build added storage capacity for containers will help operations run more smoothly as ports across the West Coast are now facing a surge with activity resuming.
More Trucking Acquisitions Ahead for 2022
The trucking industry experienced a surge in acquisitions during the past year, with more expected to occur in 2022.
Truck Driver Shortage Looms Over 2022
Trucking is likely to continue to see a shortage of professional drivers with the underlying causes showing no signs of stopping in 2022.
How Software Helps Enable Industry Consolidation
The trucking industry has undergone further consolidation amid a surge of acquisitions, and software has enabled much of that.
USDOT Gives $241 Million to Ports to Boost Supply Chain
WASHINGTON — Transportation Secretary Pete Buttigieg is awarding more than $241 million in grants to bolster U.S. ports, part of the Biden administration’s near-term plan to address America’s clogged supply chain with infrastructure improvements to speed the flow of goods.
Amazon Labor Group Refiles Union Petition in New York
Amazon.com Inc. workers seeking to unionize four facilities in New York City said they now have enough signatures to call for a vote.
Biden Says Holiday Shipping Crisis Averted
President Joe Biden said that his administration, together with labor unions and companies, succeeded in averting a holiday season supply chain crisis.
Container Shortage Sparks Coffee Shipping Experiment
In the coffee trading world, a ship steaming across the Atlantic Ocean is garnering a lot of attention.
New Louisiana Port Targets Moving Freight to Midwest
A Louisiana port under construction aims to pull business from larger facilities — and attract ships traveling through the Panama Canal — with a distribution model focused on moving cargo to Midwest markets.