The Iowa State Patrol Commercial Motor Vehicle Unit (ISPCMVU) sidelined a “dangerous vehicle” spotted last night on I-380. Iowa troopers encountered the ill-maintained commercial vehicle on Monday night on I-380 “trying to make it from Iowa to Tennessee.”“In addition to the violations shown here, as well as many others, the driver did not have a ...more
The truck driver accused of being under the influence of central nervous system depressants when he crashed into a line of traffic on Interstate 35 was sober at the time of the wreck and is now seeking release from jail, his lawyer says. The 11 p.m. wreck on March 13th along Interstate 35 in a ...more
US Hits Canada Lumber With 34% Duties Even Before Tariffs
(mntnvision/Getty Images) The U.S. is poised to more than double duties on Canadian softwood lumber to 34.45%, putting more pressure on U.S. materials costs even before President Donald Trump places any new tariffs on the sector. The U.S. currently levies countervailing and anti-dumping duties totaling 14.4%, a level that was set last year. Those are ...more
DOT Seeks Input on Cutting Transportation Regulations
Comments on the Federal Register announcement are due on or before May 5. (Willowpix/Getty Images) Keying off previous presidential executive orders regarding streamlining regulations, the Department of Transportation is reaching out to truckers, trade organizations and small businesses for ideas on how to “ensure lawful regulations, reduce regulations and control regulatory costs.” President Donald Trump’s ...more
Trump Threatens 50% Additional Tariffs on China
(simon2579/Getty Images) WASHINGTON — President Donald Trump threatened additional tariffs on China on April 7, raising fresh concerns that his drive to rebalance the global economy could lead to a trade war. Trump’s threat, which he delivered on social media, came after China said it would retaliate against U.S. tariffs announced last week. “If China ...more
Trump Directs Security Panel to Review US Steel Deal
The U.S. Steel Corp. Clairton Coke Works facility in Clairton, Pa. (Justin Merriman/Bloomberg) President Donald Trump ordered another review of the potential sale of U.S. Steel Corp. to Nippon Steel Corp., opening the door to amend a decision by his predecessor, Joe Biden, to block the transaction. In an order published April 7, Trump directed ...more
Ancora Says Its US Steel Turnaround Plan Worth $75 a Share
(Qilai Shen/Bloomberg News) Ancora Holdings Group has unveiled a turnaround plan for United States Steel Corp. it estimates would deliver the steelmaker’s shareholder’s more than $75 per-share in value, if a takeover by Nippon Steel Corp. falls through. The activist investor, which is seeking to replace U.S. Steel’s board and CEO, outlined a plan that ...more
Ocean Shipping Industry Optimistic Going Into IMO Meeting
A containership approaches the port of Santos in Brazil on April 1. (Andre Penner/AP) Governments from across the world are gathering in London this week to thrash out a landmark global carbon charge for the shipping industry. There’s been quiet optimism among those following the talks that, despite recent U.S. silence about potential new rules, ...more
Thune Doubts Chances for Congressional Tariff Oversight
“The president’s indicated he would veto it," Thune said. "And I don’t see how they’d get it on the floor in the House.” (Al Drago/Bloomberg News) Senate Republican leader John Thune predicted a bipartisan bill that would give lawmakers greater oversight of President Donald Trump’s tariffs would languish in Congress. The legislation, co-sponsored by GOP ...more