Taneli Ruda, head of ONESOURCE Global Trade, said companies can exert little control over the macro conditions that impact trade, but they can use today’s low-growth trade environment as an opportunity to review and optimize their processes.
Despite a populist backlash championed by Donald Trump against the outcome of free trade deals, Sen. Johnson and other Republicans are cautioning against protectionism.
The U.S. Government Accountability Office found that tariff rates are generally more expensive than contract rates, but are usually more suitable for shippers with infrequent or small volume shipments.
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BNSF Railway Co. and Kansas City Southern will offer a new joint intermodal service connecting shippers in the Chicago and Dallas/Fort Worth areas, as well as other major markets along BNSF’s rail lines to the Kansas City Southern de México network.
Hurricane Matthew caused extensive damage at the Freeport container terminal, forcing carriers to reroute vessels and take other steps to deliver cargo.
Truck trailers orders reached 20,200 units in October, 72 percent over the previous month, but down 38 percent year-over-year, according to industry analyst FTR.