With 2018 coming to a close, US trucking companies are expecting to see freight volumes remain steady if not increase heading into 2019. One factor leading to a rise in truckload shipments can be linked to increased tariffs on Chinese goods by the US. The uptick in tariffs can be traced back September of 2018 when President Trump raised tariffs to 10% on 200 billion worth of imported Chinese products. This news immediately impacted and shifted peak shipping seasons on land and by sea in the US.
As we head towards Iran oil sanctions and mid-term elections next week, we are focused on the following 4 topics
Late Sunday evening The U.S., Mexico, and Canada came to a trilateral trade deal to replace North American Free Trade Agreement (NAFTA). The new agreement is being called USMCA, U.S.-Mexico-Canada Agreement. After a year of negotiations, here are some of the terms that are now public.