President Trump is exposing China’s economic vulnerability, showing that the communist nation cannot maintain its rapid growth without it patently unfair mercantilist trade policies. The Chinese government recently announced that its GDP growth for 2018 of only 6.6 percent – the country’s slowest rate of economic development since 1990. Growth in the fourth quarter declined to 6.4 percent. For the […]
After months of painstaking bargaining by President Trump’s negotiating team, the renegotiated North American Free Trade Agreement (NAFTA), now rebranded as the United States-Mexico-Canada Agreement (USMCA), looks to set a template for modern American trade agreements in the 21st century. By all initial measures the USMCA lives up to frequently promised, but seldom delivered, concepts of free, […]
Federal Reserve Chairman Jerome Powell said Wednesday afternoon that the American economy will recover most of the lost economic output lost during the federal government’s partial shutdown.
The American Association of Port Authorities (AAPA) has identified nearly $4 billion in “crucial” port and supply chain security needs over the next decade, according to a new report. In the fourth edition of its “The State of Freight” report, the AAPA recommends refocusing the Federal Emergency Management Agency’s Port Security Grant Program to “better meet the security infrastructure needs […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 26, 2019. For this week, total U.S. weekly rail traffic was 522,026 carloads and intermodal units, down 4 percent compared with the same week last year. Total carloads for the week ending January 26 were 248,937 carloads, down 4.7 […]
Walmart is raising trucker salaries in its push to hire 900 more drivers this year across the United States, including Texas, where it has a big concentration of large distribution centers where empty trucks get filled.
Another weekly decrease in diesel prices across the U.S. has fuel at its lowest price since 2017, according to the latest numbers from the Department of Energy. A 1.1-cent decrease during the week ending Jan. 21 has the U.S.’ average price for a gallon of on-highway diesel at $2.965. The last time prices were lower was […]
Canada’s economy may soon endure something it hasn’t faced in 68 years: A recession without the U.S. in the same boat. That’s the view of Jim Mylonas, global macro strategist at BCA Research Inc. in Montreal, a firm that’s been making calls on markets and economies since 1949. Mylonas says the surge in household debt combined […]
China on Monday announced that its official economic growth came in at 6.6 percent in 2018 – the slowest pace since 1990. That announcement was highly anticipated by many around the world amid Beijing’s ongoing trade dispute with the U.S., its largest trading partner.
United States-bound waterborne shipments in December capped a record-breaking year for global trade, according to data issued this week by global trade intelligence firm Panjiva.
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