SCOTTSDALE, Ariz. — Ratification of the United States-Mexico-Canada Agreement, which is the proposed replacement for the North American Free Trade Agreement, is critical to uninterrupted, timely border crossings, trucking executives said here during American Trucking Associations’ Mid-Year Management Meeting.
May 8, 2019Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Smooth Cross-Border Operations Hinge on Trade Agreement
Wind Point Partners Acquires A&R Logistics
Wind Point Partners, a Chicago-based private equity investment firm, has acquired A&R Logistics and will partner with management to expand the company’s business and make additional acquisitions, according to a statement issued May 7.
Teamsters Call for XPO Logistics to Separate Board Chairman, CEO Roles
Days before XPO Logistics Inc. plans to hold its annual shareholder meeting on May 15, the International Brotherhood of Teamsters is urging that the company’s board chairman be an independent director and that the chairman and CEO positions be split in two.
Nestle US Unit to Cut 4,000 Jobs by Stopping Direct-to-Store Delivery
Nestle SA’s U.S. unit will lay off about 4,000 workers as it stops delivering frozen pizza and ice cream directly to stores and instead transitions to a warehouse model that’s becoming an industry standard for major food companies looking to trim costs.
Amazon One-Day Shipping Lifts Startups Serving Retailer’s Competition
Amazon's pledge last month to pump $800 million into making next-day delivery the new standard upped the pressure on its brick-and-mortar rivals to spend more trying to catch up all over again.
China Prepares Retaliatory Tariffs as Chief Negotiator Heads to US
China’s top trade negotiator Liu He will travel to the United States this week for high-stakes talks as prospects dimmed for maintaining a fragile truce after President Donald Trump threatened to raise tariffs on Chinese goods starting May 10.
May 7, 2019Mexico Border Delays Seen Weighing on US Investment, Factories
More cargo from Mexico to the United States is being held up at the border, accompanied by increasing evidence that such delays are dimming prospects for American companies.
Grain Markets Dive to 42-Year Low After Trump’s Trade Tweets
Soybean and corn futures slumped after tweets from Donald Trump that threaten an escalation of the U.S.-China trade war, frustrating battered American producers hoping for a quick resolution.
Trump’s Tariffs on Chinese Electric Cars Seen Likely to Last
With China bent on dominating the future of electric vehicles, President Donald Trump is likely to erect trade barriers targeting that technology in the form of stiff new tariffs that will have staying power, according to a consultant on the country’s auto market.
Ryder System Posts Robust First Quarter, Boosts Profit Forecast for 2019
Ryder System posted higher earnings and strong sales growth in its dedicated and supply chain solutions businesses for the first quarter of 2019.