President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties after setbacks in negotiations with Beijing.
August 1, 2019Search
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ATA Trends Report Reveals Industry’s Revenue, Trade Highlights
The trucking industry’s total revenue and cross-border operations experienced significant increases last year, according to the recently released American Trucking Trends report by American Trucking Associations.
August 1, 2019California Trucking School Owner Pleads Guilty to $4.3 Million Scam
The owner of a California trucking school has pleaded guilty to swindling the U.S. Department of Veterans Affairs out of more than $4 million in tuition and other payments after falsely certifying that hundreds of veterans had attended classes they never took, the U.S. Attorney’s Office for the Central District of California announced July 29.
August 1, 2019Factory Gauge Sinks to Lowest Since 2016 as Exports Drop
U.S. manufacturing activity deteriorated in July to an almost three-year low, dragged down by slower production and shaky export markets that help explain the Federal Reserve’s decision to reduce interest rates July 31.
August 1, 2019Keystone XL Pipeline Inches Forward as Order Blocking Work Is Lifted
TC Energy Corp.’s $8 billion Keystone XL crude oil pipeline is inching forward after a court injunction that stopped work on the project was been lifted.
August 1, 2019Jobless Claims Rise to 215,000 as Labor Market Holds Up
Filings for U.S. unemployment benefits edged up while remaining at historically low levels, another indication that the labor market remains generally robust.
August 1, 2019Trucking Stakeholders Ask Congress to Repeal the 12% Federal Excise Tax on Trucks, Trailers
A group of trucking stakeholders asked Congress to repeal the 12% federal excise tax on the purchase of heavy-duty trucks, tractors and trailers.
August 1, 2019China, US Plan Next Round of Trade Talks for September
U.S. and Chinese trade negotiators plan to meet again in early September, as the latest round of negotiations ended with few signs of concrete progress.
July 31, 2019Federal Reserve Cuts Interest Rates for First Time Since 2008
The Federal Reserve reduced interest rates for the first time since the financial crisis in a move that Chairman Jerome Powell said was designed to “ensure against downside risks” rather than signaling the start of a lengthy cycle of monetary policy easing.
July 31, 2019Las Vegas’ $1 Billion Project Neon Ready for Spotlight
Project Neon, the $1 billion upgrade to Interstate 15 in Las Vegas, is finished. The widening and revamp of ramps along a 3.7-mile segment of I-15 was the largest public works effort in the history of Nevada.
July 31, 2019