East coast ports are showing stronger growth in import volumes thanks to the ongoing sourcing shift for U.S. shippers hit with tariffs and the ports’ increasing ability to service larger ships. Through July, the five largest east coast ports from New York-New Jersey down to Savannah reported total container imports reach 5.58 million twenty-foot equivalent […]
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Already boasting North America’s largest single container terminal, and with its Savannah container port capacity set to double, the Port of Savannah is poised to also soon offer the continent’s busiest on-dock rail facility – and that gets Griff Lynch, executive director of the Georgia Ports Authority, unabashedly stoked.
The American Trucking Associations (ATA) has told a House subcommittee that the use of tolls to finance infrastructure construction and maintenance is inefficient, unsafe, and harmful to the trucking industry. “While the trucking industry is willing to pay its fair share for infrastructure improvement, we believe that tolls are not the right solution, and in […]
California lawmakers have passed a bill that codifies into law a 2018 state Supreme Court decision that makes it easier for independent contractors to become reclassified as employees of motor carriers. Assembly Bill 5, passed along party lines by the state Senate on Sept. 10 and Assembly on Sept. 11, was the latest development by […]
A measure of underlying U.S. inflation accelerated by more than forecast to a one-year high in August, signaling inflation was already firming ahead of fresh tariffs on Chinese goods this month that may push prices higher for Americans. The core consumer price index, which excludes food and energy, rose 0.3% from the prior month and […]
China’s Finance Ministry on Sept. 11 announced the first round of exemptions of U.S. goods from Chinese retaliatory tariffs. The exemptions will be effective from Sept. 17 to Sept. 16, 2020. Specifically, the exclusions will cover two lists — one comprising 12 items and another comprising four items.
Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday. The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected.
The U.S. average retail price of diesel dropped 0.7 cent to $2.976 per gallon, the Department of Energy reported Sept. 3, as the price of crude dropped 2% amid the ongoing U.S.-China trade dispute. The price of diesel has fallen for eight consecutive weeks since July 15, when trucking’s main fuel cost $3.051 per gallon.
The Federal Motor Carrier Safety Administration has issued a proposed rule that would continue to reduce commercial vehicle registration fees in 2020 and 2021, the agency said in a Federal Register announcement on Aug. 27.
The U.S. economy grew at a modest pace through much of July and August, with companies remaining upbeat despite disruption caused by international trade disputes, a Federal Reserve survey found.