29 Jan Tariffs, Trade Policies Concern Shippers in North American Markets ATLANTA — Disruption is increasingly happening for freight movers as they seek to cross the United States’ borders with Mexico and Canada, and it’s not the positive technological change often associated with that word. Instead, it’s delayed freight or higher costs. Read more...
29 Jan As China Reduces Pollution, Value of Vessels Transporting LNG Increases The world’s biggest shipbuilder sees China’s cleanup of its smoggy skies lifting prices of the vessels this year. Read more...
29 Jan Transportation Agencies Reopen After Truce Ends Historic Shutdown The truce between congressional Democrats and President Donald Trump on Jan. 25 halting the longest federal government shutdown in history meant more than 16,000 staffers at the U.S. Department of Transportation will no longer be furloughed. Read more...
29 Jan FedEx Introduces Way for Retailers to Outrace Amazon in Delivery FedEx Corp., looking beyond Amazon.com Inc. for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers. Read more...
29 Jan Knight-Swift Transportation Holdings Reports Profit Gains in 4Q Knight-Swift Transportation Holdings reported higher profits and revenue in the fourth quarter of 2018 with improvement noted across all of its business units. Read more...
29 Jan Tax Refunds Will Be Paid on Time Despite Shutdown, Mnuchin Says The U.S. Treasury Department is ready for the tax season and will pay tax refunds “as normal,” Treasury Secretary Steven Mnuchin told Fox Business News on Jan. 29. Read more...
29 Jan Ceva Logistics Board Rejects Stock Buyout Bid by CMA CGM Ceva Logistics’ board of directors has recommended that shareholders reject a tender offer from CMA CGM to buy all of the publicly held shares of stock in the Swiss company, saying the price of 30 Swiss francs per share is too low. Read more...
29 Jan Used Class 8s Cost More in December; Sales Flat The average used Class 8 in December was slightly older, had more mileage and sold for 9% more compared with a year earlier, as sales were flat, according to ACT Research Co. Read more...
28 Jan Diesel Price Unchanged; US Average Now Less Than a Year Ago The U.S. average retail price of diesel was unchanged the week of Jan. 28 at $2.965 a gallon and now is about 10 cents a gallon cheaper than it was a year ago, according to the U.S. Energy Information Administration. Read more...
28 Jan Descartes to Acquire Visual Compliance Descartes Systems Group agreed to acquire Visual Compliance, a firm that provides software and services to automate customs, trade and fiscal compliance processes for businesses. Read more...