President Donald Trump’s long-awaited infrastructure proposal unveiled by the White House Monday has placed a focus on spurring more private sector involvement in projects.
Commentary: Trade needs a referee
The World Trade Organization isn’t perfect, but it has been largely effective, and the Trump administration, through U.S. Trade Representative Robert Lighthizer, seems to be advocating for self-policing trade relationships.
Radiant Logistics increases earnings in Q2 FY2018
The third-party logistics and multi-modal transportation services provider recorded a net income attributable to common stockholders of $3.3 million for its fiscal year 2018 second quarter, which ended Dec. 31, 2017, a 58.6 percent year-over-year incre…
U.S. meat exports heat up in 2017
The United States exported $7.27 billion worth of beef and $6.49 billion worth of pork in 2017, up 15 percent and 9 percent year-over-year, respectively.
Trump signs new budget deal, ending brief government shutdown
The two-year Bipartisan Budget Act of 2018 will increase caps on discretionary federal spending by $296 billion, including $165 billion for the Department of Defense, plus provide an additional $90 billion in disaster relief funds.
IMO moves to ban non-compliant fuel on board ships in 2020
The International Maritime Organization’s Subcommittee on Pollution Prevention and Response has proposed to move forward with banning the transport of non-compliant low-sulfur fuel on board ships when the 0.5 percent low sulfur limit takes effect in 2020.
Amazon rumored to be to launching parcel delivery unit
The move would reportedly be piloted in Los Angeles and confined to goods sold through its marketplace in what can be seen as a direct threat to UPS and Fedex.
GSP renewal legislation introduced in House
House Ways and Means Trade Subcommittee Chairman Dave Reichert, R-Wash., has introduced bipartisan legislation to renew the Generalized System of Preferences through 2020, after it expired at the end of 2017.
SCFI slips 1.3%
While spot rates from Shanghai to Europe and the Mediterranean remained relatively unchanged since last week, rates from Shanghai to the U.S. trades had declined, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
Old Dominion drives up earnings, revenues in 2017
The Thomasville, N.C.-based less-than-truckload carrier recorded a net income of $463.77 million on revenues of $3.36 billion in 2017, up 56.8 percent and 12.3 percent year-over-year, respectively.