As the realities of the COVID-19 virus outbreak hit home in the United States, and federal, state and local governments scramble to contain its spread by limiting large gatherings and encouraging “social distancing”, that has implications for truck drivers’ life on the road.
Americans for Free Trade, which represents more than 100 trade organizations, said eliminating existing U.S. tariffs on Chinese goods would boost the American economy by $75 billion during the COVID-19 crisis.
The nation’s trade deficit dropped almost 8% in October to a 16-month low, largely because of lower imports from China tied to the ongoing U.S. trade dispute with the Asian giant. The deficit slid to $47.2 billion from a revised $51.1 billion in the prior month, the government said Thursday. If it persists through December, […]
The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter. The Commerce Department says the July-September growth rate in the gross domestic product, the economy’s total output of goods and services, slightly exceeded its […]
Brits head to the polls next week (Dec. 12) in a general election which should bring more clarity to the endless Brexit saga ahead of the U.K.’s scheduled departure from the European Union (EU) at the end of January. In an exclusive interview with FreightWaves, U.K.-based Andy Cliff, managing director of freight and international logistics […]
In most of the world’s affluent countries, railroads either were built by the government or eventually claimed by it. Beset by growing losses due to high labor costs, bureaucratic inefficiency and the rise of automobiles and airplanes, those governments began reforming their rail systems in 1980s and 1990s with a mix of privatization, competition and […]
Taking its cue from federal regulators, the Commercial Vehicle Safety Alliance (CVSA) confirmed it will begin fully enforcing the electronic logging device (ELD) rule on Dec. 17, with no “soft enforcement” grace period. The Federal Motor Carrier Safety Administration (FMCSA) previously has stated there will be no grace period allowed for carriers that have been […]
U.S. consumer spending rose in October for the eighth month in a row, a potentially good sign for the holiday shopping season that gets underway after Thanksgiving with Black Friday specials. Consumer spending increased 0.3% last month, the government said Wednesday. Economists surveyed by MarketWatch had forecast a 0.2% increase.
Ports on the East Coast are enjoying an uptick in volume thanks to infrastructure improvements, expanded sea routes and the positive effects that the United States’ ongoing trade war with China are having for other countries, while these same factors are contributing to drop-offs for West Coast ports that as recently as last year were […]
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended Nov. 23, 2019, and for the first time in a long time traffic saw a healthy uptick. For this week, total U.S. weekly rail traffic was 521,927 carloads and intermodal units, up 10.6% compared with the same week last year.
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