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A China-U.S. deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean.
U.S. and Chinese officials said May 12 they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war to allow for more talks.
Rodolphe Saade, CEO of CMA CGM SA, hailed a truce in the trade war between Washington and Beijing.
The U.S. collected a record amount of revenue from tariffs in April, helping to limit a further widening of the budget deficit.
GM has hired Sterling Anderson, the former director of Tesla’s Autopilot program and a co-founder of autonomous startup Aurora, as chief product officer overseeing all vehicle development.
American businesses that rely on Chinese goods reacted with muted relief May 12 after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days.
Last-Mile Carriers Push Tech Providers Toward Innovation
Last-mile delivery companies, which have always aimed for access to real-time visibility and advanced route optimization, face pressure to better use vehicles and make fast deliveries.
Colorado Leads 16 States Suing FHWA to Recoup $1B in EV Grants
The group claims that FHWA ran afoul of its authority by blocking the funds, which were approved by Congress as part of the Infrastructure Investment and Jobs Act of 2021.
Post Office Names David Steiner Postmaster General
The U.S. Postal Service has selected FedEx board member David Steiner to be the country’s next postmaster general, the agency announced May 9.
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While continuing to endure a stubbornly slow freight market recovery, the largest third-party logistics providers in North America also face a murky outlook for international trade.
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Key data on revenue and freight assets for the 50 largest global freight companies.
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Senate Republicans are developing a strategy to formally push back on certain Biden-era emissions waivers granted to the state of California.
Saudi Arabia’s state-owned oil giant Aramco posted Q1 profit of $26 billion on May 11, down 4.6% from the prior year as falling global oil prices undermine the kingdom’s development plans.
The New York City Department of Transportation will expand a program to fine overweight trucks on major infrastructure.
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