The trade war between the United States and China has left a bitter aftertaste in the dry bulk market as the market recovery is slowly being eroded by the recent geopolitical frictions, ALLIED Shipping Research said its latest update.
European airports continue to report cargo growth in February
European airports saw cargo demand increase again in February, although there was a slowdown on growth levels recorded in January. The latest figures from Airports Council International (ACI) Europe show that freight demand increased by 5.7% year on year in February, down on January’s 8.7% uptick. This slowdown was to be expected as the Chinese […]
ELD deadline passes without fanfare but brings detention time into focus
Data from early April appear to suggest the “hard enforcement” deadline for use of electronic logging devices (ELDs) was not nearly as significant an event as the initial December implementation date.
Diesel Surges 6.1¢ to $3.104 a Gallon
The U.S. average retail price of diesel jumped 6.1 cents to $3.104 a gallon as oil remained near $66 a barrel after a U.S.-led force fired missiles into three Syrian chemical weapons-related sites. Trucking’s main fuel costs 50.7 cents a gallon more than it did a year ago, when the price was $2.597, the Department […]
Exclusive: China seeks trade firewall with U.S. allies in rush of ambassador meetings – sources
China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions.
China to open auto market as trade tensions simmer
China will scrap a limit on foreign ownership of automotive ventures by 2022 in a major policy shift to open up the world’s biggest car market, even as trade tensions simmer between Washington and Beijing.
ATA represents trucking industry at White House event
Three American Trucking Associations (ATA) members recently represented the trucking industry at a White House Rose Garden event on the benefits of the Tax Cuts and Job Act. The ATA has long supported the act. In October, ATA members rallied in support of tax reform.
Pre-deadline US ELD truck violations sound louder alarm
Full enforcement of the US electronic logging device (ELD) mandate has been under way since April 1, but federal statistics show that even before that deadline enforcement was far from lax. Data reported online by the Federal Motor Carriers Safety Administration (FMCSA) reveal a marked increase in the number of truck driver violations associated with […]
Using technology to better serve the spot market
With capacity still as tight as almost any time in history, freight brokers meeting here sought ways to leverage technology to improve efficiency and better connect truckers with shippers.
Trucking Industry Posts Big Job Gains in March
March was a busy hiring month for trucking, as the industry added 6,700 jobs and transportation and logistics companies added 9,800 positions, according to the U.S. Labor Department monthly jobs report.