Government, Business, Logistics

Rising Freight Rates Put Heavy Burden on Grain-Importing Nations

Grain Wheat is loaded onto a bulk carrier at the Port of Geelong in Geelong, Victoria, Australia. (Carla Gottgens/Bloomberg News)

The war in Ukraine will put further pressure on grain-importing countries in Africa and Asia as a reduced number of vessels for delivering cargoes drives up shipping rates, according to the head of the International Chamber of Shipping.

Ann Koh | Bloomberg News
April 19, 2022
Government, Safety, Logistics, TCA

Leaving NAFTA, Imposing Tariffs Would Drive Up Vehicle Prices, Study Shows

Border-crossing trucks and sign Sam Hodgson/Bloomberg News

While a proposed border adjustment tax on goods including cars and trucks appears to have been pulled off the political stove by House Republicans, the North American Free Trade Agreement is still on a burner.

Jenny King | Chicago Tribune
July 20, 2017

Petroleum, Motor Vehicles Boost US Import Prices

Mario Anzuoni/Reuters

U.S. import prices increased more than expected in April amid rising costs for petroleum products and a range of other goods, which could help boost domestic inflation and keep the Federal Reserve on course for further interest rate hikes.

Lucia Mutikani | Reuters
May 10, 2017

Import Prices Rise in January, Boosted by Energy Products

Carlo Allegri/Reuters

U.S. import prices rose in January more than expected amid further gains in the cost of energy products, but a strong dollar continued to dampen underlying imported inflation.

Lucia Mutikani | Reuters
February 10, 2017

US Import Prices Post Largest Drop in Nine Months

Bob Riha Jr./Reuters

U.S. import prices recorded their biggest drop in nine months in November on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued.

Lucia Mutikani | Reuters
December 13, 2016

US Import Prices Post First Drop in Six Months

Bob Riha Jr./Reuters

U.S. import prices fell for the first time in six months in August on declining petroleum and food costs, pointing to a tame inflation environment that could encourage the Federal Reserve to keep interest rates steady. 

Lucia Mutikani | Reuters
September 14, 2016

Import Prices Rise Less Than Expected in June

Jochen Eckel/Bloomberg News

WASHINGTON  — U.S. import prices rose less than expected in June as rising costs for petroleum products were offset by declining consumer and capital goods prices, suggesting inflation could remain benign for a while.

Lucia Mutikani | Reuters
July 13, 2016

Under the Hood of US Import Prices Are Broad Drops Beyond Oil

Simon Dawson/Bloomberg News

Here’s one key takeaway from the Labor Department’s report Jan. 14 on import prices, costs of imported goods excluding fuels declined 3.4% last year, the biggest annual decrease since records began in 2001 and representing the challenge faced by the Federal Reserve in achieving its inflation goal.

January 14, 2016

US Import Prices Extend Decline on Cheaper Fuel

Port of Los Angeles

U.S. import prices fell in November as the cost of petroleum and several goods continued to decline, suggesting that cheaper crude oil and a strong dollar will keep imported inflation pressures subdued for a while.

Lucia Mutikani | Reuters
December 10, 2015
Government, Business, Logistics

Republicans Will Allow Export-Import Bank to Expire Under Senate Plan

Chris Kleponis/Bloomberg News

The U.S. Export-Import Bank’s charter will lapse next week if the Republican-led Congress follows a path outlined by Senate Majority Leader Mitch McConnell that would delay a vote on reauthorizing the bank until July.

June 25, 2015