President Donald Trump suggested another delay to his higher so-called “reciprocal” tariffs was unlikely, raising pressure on nations to negotiate trade deals with his administration.
Category: News
US Intermodal Chassis Makers Harmed by Imports, ITC Says
U.S.-based manufacturers of intermodal chassis were materially injured by imports of chassis from Mexico, Thailand and Vietnam, the U.S. International Trade Commission said.
AIT Acquires Miami-Based Forwarder Gsdmia
AIT Worldwide Logistics has finalized an agreement to purchase the assets of Miami-based international freight forwarder Gsdmia.
United Rentals Q1 Profit Dips, Beats Expectations
Profit fell due to weaker specialty rental margins, lower used equipment sales and higher expenses, including those related to the terminated H&E Equipment Services acquisition.
Motive Focuses on AI for Trucking at Vision Conference
“Our work here will never be done,” Motive CEO Shoaib Makani said during a keynote address. “We are going to continue to solve new problems and expand the scope of this platform.”
Wisconsin Awards $468,255 in CDL Grants to Train 260 Drivers
The Wisconsin Department of Workforce Development has awarded $468,255 in grants for commercial driver license training to get 260 drivers on the road.
Continental Appoints New CFO Ahead of Parts Maker’s Overhaul
Continental appointed company veteran Roland Welzbacher to succeed Olaf Schick as CFO as the German manufacturer sheds units to focus on its more profitable tires business.
IMF Members See World at ‘Pivotal Juncture’ Amid Trade Wars
The world economy is at a “pivotal juncture” as trade tensions flare, members of the IMF said in a draft statement after discussions that have been overshadowed by the trade war.
Energy Secretary Aims to Reassure Oil Bosses Amid Trade War
Energy Secretary Chris Wright sought to reassure U.S. oil companies during a visit to Oklahoma, saying turmoil from President Donald Trump’s trade war is apt to be fleeting.
Auto Carrier Could Take $70 Million Hit From US Port Fees
Hoegh Autoliners ASA, an Oslo-based car carrier, said that a plan to impose fees on foreign ships calling at U.S. ports could cost the company as much as $70 million.