07 May 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. Read more...
07 May 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. Read more...
07 May Wisconsin Truck Driving Championships Promise Family Fun Last year’s Wisconsin Truck Driving Championships Grand Champion win by XPO Logistics’ Jeff Langenhahn was said to be a “family affair” due to his dedicated practice time with his wife and children. This year, the Wisconsin Motor Carriers Association is taking the role that family plays in drivers’ success to heart with the addition of a Family Fun Zone. Read more...
07 May U.S. Xpress Revenue Dips Due to Lower Spot Rates U.S. Xpress Enterprises Inc. saw revenue take a dip in the first quarter but saw its highest first-quarter net income ever, according to a news release from the company. Read more...
07 May 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. Read more...
07 May 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. Read more...
07 May GM Self-Driving Unit’s Valuation Swells to $19 Billion >General Motors Co.’s self-driving unit drew $1.15 billion in fresh investment, with T. Rowe Price Associates Inc. joining existing backers including Honda Motor Co. and SoftBank Vision Fund. Read more...
07 May SAP, Uber Join Forces to Integrate Freight Networks Enterprise software firm SAP and load-matching app developer Uber Freight have partnered to connect their shipper and carrier networks in an effort to improve supply-chain efficiency. Read more...
07 May Perspective: Drivers Seek Improvements on Routes An annual survey of thousands of drivers found that while most are happy with the pay structure their fleets offer, they see room for improvement with how their routes are selected. Read more...
07 May Lawmakers Introduce Bill to Repeal Federal Excise Tax on New Trucks Two members of the U.S. House of Representatives recently introduced legislation aimed at repealing the 12% federal excise tax on certain heavy-duty trucks, tractors and trailers. Read more...