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Smooth Cross-Border Operations Hinge on Trade Agreement

SCOTTSDALE, Ariz. — Ratification of the United States-Mexico-Canada Agreement, which is the proposed replacement for the North American Free Trade Agreement, is critical to uninterrupted, timely border crossings, trucking executives said here during American Trucking Associations’ Mid-Year Management Meeting.

May 8, 2019

Nestle US Unit to Cut 4,000 Jobs by Stopping Direct-to-Store Delivery

Nestle SA’s U.S. unit will lay off about 4,000 workers as it stops delivering frozen pizza and ice cream directly to stores and instead transitions to a warehouse model that’s becoming an industry standard for major food companies looking to trim costs.

May 7, 2019

Amazon One-Day Shipping Lifts Startups Serving Retailer’s Competition

Amazon's pledge last month to pump $800 million into making next-day delivery the new standard upped the pressure on its brick-and-mortar rivals to spend more trying to catch up all over again.

May 7, 2019

China Prepares Retaliatory Tariffs as Chief Negotiator Heads to US

China’s top trade negotiator Liu He will travel to the United States this week for high-stakes talks as prospects dimmed for maintaining a fragile truce after President Donald Trump threatened to raise tariffs on Chinese goods starting May 10.

May 7, 2019

Mexico Border Delays Seen Weighing on US Investment, Factories

More cargo from Mexico to the United States is being held up at the border, accompanied by increasing evidence that such delays are dimming prospects for American companies.

May 7, 2019

Grain Markets Dive to 42-Year Low After Trump’s Trade Tweets

Soybean and corn futures slumped after tweets from Donald Trump that threaten an escalation of the U.S.-China trade war, frustrating battered American producers hoping for a quick resolution.

May 7, 2019

Trump’s Tariffs on Chinese Electric Cars Seen Likely to Last

With China bent on dominating the future of electric vehicles, President Donald Trump is likely to erect trade barriers targeting that technology in the form of stiff new tariffs that will have staying power, according to a consultant on the country’s auto market.

May 7, 2019

Ryder System Posts Robust First Quarter, Boosts Profit Forecast for 2019

Ryder System posted higher earnings and strong sales growth in its dedicated and supply chain solutions businesses for the first quarter of 2019.

May 3, 2019

Universal Logistics Acquires Michael’s Cartage

Universal Logistics Holdings Inc., an asset-light transportation and logistics company, acquired Michael’s Cartage Inc., according to an April 22 news release. Terms were not disclosed.

May 3, 2019