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With U.S. manufacturing growth headed downward, tariff increases looming and interest rates headed up, economists are forecasting that in 2019 trucking companies will start to feel an easing off the gas in terms of demand.
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A moderating economy, Hurricane Florence and the impact of tariffs all contributed to a 5.2% quarterly decline in freight shipments (1.1% decline, year-over-year), according to the U.S. Bank Freight Payment Index.
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A huge queue of trucks has formed on the Poland-Belarus border as Russian and Belarusian drivers try to leave the EU following a sanctions deadline.
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Canadian Prime Minister Justin Trudeau said his government will hold steadfast on two key issues that have become sticking points in NAFTA talks.
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Justin Trudeau is taking new steps to stop steel and aluminum from being diverted through Canada’s borders to skirt tough U.S. levies.
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The Wall Street Journal reports that the committee has concerns about a Chinese state-owned enterprise controlling LBCT, which is one of the most modern container facilities in America.
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The Trump administration is to reinstate all US sanctions on Iran removed under the 2015 nuclear deal.
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President Donald Trump looks to be preparing for a potentially protracted economic war with China by clearing the decks of disputes with America’s other trading competitors.
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U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors.
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The Trump administration pushed ahead with plans to tighten restrictions on technology exports, a measure that Deutsche Bank AG says would have a “profound and long lasting adverse impact” on relations between the U.S. and China.