US, China Reach Substantial ‘Phase One’ Trade Deal, Trump Says
The U.S. and China reached a partial agreement Oct. 11 that would broker a truce in the trade war and lay the groundwork for a broader deal that Presidents Donald Trump and Xi Jinping could sign later this year, according to people familiar with the matter.
October 11, 2019Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
GM Losing Patience With UAW Over Nearly Monthlong Strike
General Motors Co.’s chief labor negotiator suggested the United Auto Workers is dragging its feet in responding to the automaker’s latest contract offer in a show of frustration with a strike that’s lumbering toward the one-month mark.
October 11, 2019Shipping Costs Are Soaring as LNG Vessels Drop Out of Service
The day rate for a standard tanker east of the Suez Canal jumped 57% in the week to Oct. 9, as issues related to U.S. sanctions on units of China’s COSCO Shipping Corp. start to hit just as the heating season begins to boost demand.
October 11, 2019UPS, Shippo Collaborate on Small-Business Shipping
UPS Inc. will work with shipping technology company Shippo to offer marketplace shipping rates to the more than 35,000 small- and medium-size businesses that use Shippo’s platform, according to an Oct. 10 news release.
October 10, 2019GM Factory Hands Making 40% Less Than Their Coworkers
The future of temps has been among the major impasses contributing to the United Auto Workers union’s strike against GM, now in its 25th day.
October 10, 2019China to Ask US to End Sanctions on COSCO Shipping Company
China plans to ask the U.S. to lift sanctions on its biggest shipping company at high-level trade negotiations in Washington this week, people familiar with the matter said.
October 10, 2019GM Strike Seen Forcing Credit Firms to Mull Action
The United Auto Workers union’s strike against General Motors Co. may force credit raters to take action and move the company closer to junk status, according to Bloomberg Intelligence.
October 9, 2019Massive California Blackout Could Prevent Fires but at Big Cost
Even a brief blackout can be costly. Now California faces the experiment of finding what out happens economically when a modern metropolitan area goes without power — on purpose — for what could be days.
October 9, 2019For ATA’s New Chairman Randy Guillot, Life and Work Are Family Affairs
NEW ORLEANS — Business was going quite well for family-owned Triple G Express Inc. during the summer of 2005, as the city best known for its 24-hour nightlife, vibrant live music scene and spicy Cajun cuisine also served as a great base of operations for the intermodal motor carrier and its decades-old less-than-truckload affiliate, Southeastern Motor Freight Inc.
October 9, 2019Daseke Plans Pivot of Cutting Costs, Adding Council of CEOs
SAN DIEGO — Daseke Inc. is launching a series of business improvement plans that includes an internal council of CEOs from flatbed carriers it owns, and that targets reducing operating ratios and cutting costs at its Addison, Texas, headquarters, company executives told Transport Topics.
October 8, 2019