Economists expect the trade war between the world’s two largest economies to get worse before it gets better — culminating in a deal by year-end.
May 14, 2019Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
US-China Trade War to Worsen Before 2019 Deal, Survey Shows
Walmart Matches Amazon With Free One-Day Shipping on Many Items
Walmart Inc. wants to one-up Amazon.com in the fight for online shoppers. The world’s largest retailer is rolling out a next-day delivery service to counter Amazon’s recent move to speed shipment times for top customers to just one day from two.
Amazon Says It Will Back Its Employees Who Quit Jobs to Start Delivery Businesses
NEW YORK — Amazon, which is racing to deliver packages faster, is turning to its own employees with a proposition: Quit your job, and we’ll help you start a business delivering Amazon packages.
GTI Acquires Jetco to Establish US Operational Platform
GTI Transport Solutions Inc., a provider of open-deck, specialized and overdimensional freight services, has acquired Jetco, a Houston-based carrier, according to a news release by GTI and its parent company, Novacap of Montreal.
May 13, 2019Redwood Logistics Acquires Eminent Global Logistics
Redwood Logistics acquired Eminent Global Logistics, a transportation management systems implementation and service company, according to a May 9 news release.
May 13, 2019China Defies Trump With Plans to Raise Tariffs on US Products
China announced plans to raise duties on some American imports starting June 1, defying a call from President Donald Trump to resist escalating a trade war that is sending stock futures tumbling and clouding the outlook for the global economy.
May 13, 2019US Gives China a Month for Trade Deal as Talks Stay Deadlocked
President Donald Trump’s administration told China it has a month to seal a trade deal or face tariffs on all its exports to the Unites States, even as both sides sought to avoid a public breakdown in negotiations despite a developing stalemate.
May 10, 2019Canadian National Acquires Intermodal Division of H&R Transport
Canadian National Railway Co. acquired the intermodal division of Calgary, Alberta-based motor carrier H&R Transport Ltd.
May 10, 2019Trump Says US Will Purchase Crops for Aid to Offset China Losses
President Donald Trump said that the U.S. will boost its purchases of domestic farm products for humanitarian aid in an effort to offset lost demand from China as trade tensions flare between the nations.
US Hikes Tariffs Amid Trade Talks; China Vows to Retaliate
The United States hiked tariffs on more than $200 billion in goods from China on May 10 in the most dramatic step yet of President Donald Trump’s push to extract trade concessions, deepening a conflict that has roiled financial markets and cast a shadow over the global economy.
May 10, 2019