A worker at the Bayport Container Terminal at the port of Houston in Seabrook, Texas. (Callaghan O'Hare/Bloomberg) The U.S. trade deficit narrowed in April by the most on record on the largest-ever plunge in imports, illustrating an abrupt end to the massive front-loading of goods by some companies ahead of higher tariffs. The gap in ...more
Xi Jinping. (Pool/Getty Images) WASHINGTON — President Donald Trump and his Chinese counterpart, Xi Jinping, have spoken amid stalled negotiations between both countries over tariffs that have roiled global trade. The discussion on June 5 followed Trump suggesting it was tough to reach a deal with Xi. “I like President XI of China, always have, ...more
Shoppers at a Walmart store in Secaucus, N.J. Some prices won’t change, thanks in part to production moves and some suppliers changing materials to mitigate tariffs. (Gabby Jones/Bloomberg News) Walmart Inc. said it will continue to communicate the impact of tariffs with investors, consumers and policymakers after President Donald Trump criticized the retailer’s plans to ...more
Elon Musk and Donald Trump in the Oval Office in February. (Aaron Schwartz/Bloomberg News) Tesla Inc.’s shares sank as Elon Musk and President Donald Trump’s simmering feud devolved into a public war of words between two of the world’s most powerful people. Trump on June 5 said that he was “very disappointed” by the Tesla ...more
The world’s largest retailer will start offering drone service at 100 stores across Charlotte, N.C.; Tampa and Orlando, Fla.; Atlanta; and Houston. (Walmart via X) Walmart Inc. is adding drone delivery in five new cities in a bid to expand online sales and get goods to shoppers faster. The world’s largest retailer will start offering ...more
President Donald Trump at the U.S. Steel Irvin Works facility in West Mifflin, Pa., on May 30. The U.S. Steel-Nippon Steel combination package is to include an investment of $2.2 billion into the facility. (Rebecca Droke/Bloomberg News) Nippon Steel Corp. and United States Steel Corp. are on pace to finalize their $14.1 billion combination with ...more
CVSA’s upcoming inclusion of English-language proficiency skills for truckers supports both a recent executive order from President Donald Trump and a subsequent mandate from Transportation Secretary Sean Duffy. (Commercial Vehicle Safety Alliance) Commercial Vehicle Safety Alliance inspectors on June 25 will begin issuing out-of-service violations for truckers unable to pass roadside tests for communicating in ...more
CargoNet noted 23 incidents of metal theft in Q1. (vitpho/Getty Images) The trucking industry continues to confront an evolving cargo theft landscape, with experts signaling the spread of more sophisticated operations during the first quarter. “We’ve seen [an] increase in fraud and fraud attempts,” said Keith Lewis, vice president of operations at Verisk Analytics’ CargoNet, ...more
“As opportunities arose … I was there to help and solve problems, and that led to where I am today,” Kraft said. (United Road Services) When Ryan Kraft joined United Road Services in August 2006, he envisioned being with the auto hauler for a long time. Kraft was named United Road CEO in May. Asked ...more
“Regulations should be fit-for-purpose and produce safety benefits that justify the cost of compliance,” acting Administrator Ben Kochman said in a statement. (Arthur Kaszuba/Getty Images) The Department of Transportation’s Pipeline and Hazardous Materials Safety Administration is asking stakeholders to assess ways to streamline the agency’s existing regulations, including how to reduce undue burdens on the ...more
