Government, Business

Freight Stakeholders: USMCA Is ‘Victory’ for Industry

Nancy Pelosi House Speaker Nancy Pelosi gestures at a news conference on Capitol Hill in Washington on Dec. 10, 2019. (Susan Walsh/Associated Press)

Freight stakeholders expressed strong support for the recent agreement reached by congressional Democrats and the Trump White House on a new trade deal with Canada and Mexico, as the U.S. House readies a vote on the deal before the end of the year.

Eugene Mulero | Staff Reporter
December 12, 2019
Government, Business

US Trade Gap Narrows 7.6% to $47.2 Billion in October

Shipping container is lifted off the back of a truck on Seattle's Harbor Island A shipping container is lifted off of a truck at a terminal on Harbor Island in Seattle on Oct. 2, 2019. The trade gap still is 1.3% wider so far this year than it was in January-October 2018. (Elaine Thompson/Associated Press)

WASHINGTON — The U.S. trade deficit narrowed in October as imports fell faster than exports. The politically sensitive trade gap with China dropped.

Paul Wiseman | Associated Press
December 5, 2019
Government, Business

Uncertainty Over USMCA House Vote This Year Prompts Republican Backlash

House Republican Leader Kevin McCarthy (Calif.) House Republican Leader Kevin McCarthy by J. Scott Applewhite/Associated Press

Inaction on the floor of the U.S. House of Representatives on a new trade deal with Canada and Mexico has been met with sharp criticism from Republican leaders on Capitol Hill, as well as President Donald Trump.

Eugene Mulero | Staff Reporter
November 22, 2019
Government, Business

US Chickens Headed to China After Beijing Lifts 5-Year Ban

Chickens in cages China bought more than $500 million worth of poultry products from the U.S. in 2013. (Charlie Neibergall/Associated Press)

WASHINGTON — China is lifting a five-year ban on U.S. poultry, a goodwill gesture at a time when the world’s two biggest economies are trying to finalize a tentative trade deal.

Paul Wiseman | Associated Press
November 14, 2019
Government, Business

Trudeau: Canada to Resume Pork, Beef Shipments to China

Canadian Prime Minister Justin Trudeau Canadian Prime Minister Justin Trudeau speaks with reports in Washington on June 20, 2019. (J. Scott Applewhite/Associated Press)

Canada will resume shipments of pork and beef to China, Prime Minister Justin Trudeau said, signaling the Asian nation has lifted an import ban imposed earlier this year.

Ashley Robinson | Bloomberg News
November 5, 2019
Government, Business, Fuel

Diesel Dips 0.2¢ to $3.062 a Gallon

Close-up of diesel pumps “Oil prices are dancing to the upbeat U.S.-China trade tune,” PVM Oil Associates analysts Tamas Varga and Stephen Brennock wrote in a report. (Daniel Acker/Bloomberg News)

The U.S. average retail price of diesel fell 0.2 cent to $3.062 a gallon, the Department of Energy reported Nov. 4.

Roger Gilroy | Staff Reporter
November 4, 2019

US, China See Progress on Trade

White House economic adviser Larry Kudlow White House chief economic adviser Larry Kudlow talks with reporters outside the White House on Nov. 1, 2019. (Evan Vucci/Associated Press)

The U.S. and China signaled progress in the first phase of a potential trade deal Nov. 1 after a call between top negotiators.

November 1, 2019
Government, Business

Trump Still Plans on China Deal After Chile Cancels APEC Summit

Donald Trump and Xi Jinping President Donald Trump and Chinese President Xi Jinping (Qilai Shen/Bloomberg News)

President Donald Trump still hopes to ink a trade accord with Xi Jinping next month, even after plans were thrown into question Oct. 30 when Chile canceled an upcoming summit where the two leaders planned to meet.

Justin Sink | Bloomberg News
October 30, 2019
Government, Business

Top Agriculture Commodity Traders Get Squeezed as Exports Falter

Soybeans Soybeans are loaded onto a bulk carrier ship at the Andersons Inc. grain trans-loading facility in Toledo, Ohio. (Luke Sharrett/Bloomberg News)

With U.S. grain exports expected to fall more than 20% in the 2019 crop year, Archer-Daniels-Midland Co., Bunge Ltd. and Cargill Inc. are making less money buying and selling crops.

Isis Almeida | Bloomberg News
October 28, 2019
Government, Business

US Cites More Progress in China Trade Talks After Call

Donald Trump U.S. President Donald Trump by Evan Vucci/Associated Press

The U.S. and China are close to finalizing sections of the first phase of a trade deal that President Donald Trump and China’s Xi Jinping hope to sign at a summit in Chile next month, the Office of the U.S. Trade Representative said.

October 25, 2019