The Trump administration plans to impose tariffs worth as much as $60 billion on Chinese products as early as this week to punish Beijing for what the U.S. perceives as intellectual property theft from American businesses, according to two people familiar with the matter.
Canadian manufacturing sales dropped by one per cent or $572.4 million on a month-over-month basis in January, according to figures released Friday by Statistics Canada. According to the federal statistics agency, sales fell in 14 of 21 industries. The sectors most responsible for the decline were motor vehicles, aerospace products and parts and primary metal […]
China made further promises to protect the intellectual property of foreigners investing in its economy, addressing a long-standing grievance as U.S. President Donald Trump plans new tariffs aimed at Beijing.
Multiple top national truckload companies are levying surcharges or rejecting freight because of the overwhelming demand in the typical slow season, frustrating shippers looking for additional capacity. This also has trucking officials warning of an even sharper crunch when produce season picks up in April and retailers stock up for the summer and early autumn. […]
US domestic trucking spot market rates ended at the second-highest February level in 20 years with shippers seeing little to no pricing relief and continuing the battle to find available capacity on the market. (This article requires a subscription to the Journal of Commerce. To subscribe, please click on the above link.)
IATA Economics has forecast industry-wide freight tonne kilometres (FTKs) to grow by 4.9% on average over each of the next five years (2018-2022), helped by a stronger economic and trade backdrop than was the case during the previous five-year period.
When assessing the current and future state of United States-bound retailer container shipments, there is a short-term outlook and a long-term outlook, based on the findings and takeaways of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates
Oil risks sliding back under $60 a barrel as a surge in U.S. shipments to Asia threatens to undermine a deal between OPEC and its allies, according to ING Groep NV.
U.S. retail sales unexpectedly fell in February for a third month, adding to signs that consumer spending will cool this quarter from the previous period’s hot pace, according to Commerce Department figures released Wednesday.
The US economy added 313,000 jobs in February. That was much stronger than economists expected and the biggest gain since July 2016, according to Labor Department figures published Friday. The unemployment rate stayed at 4.1%, the lowest in 17 years.
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