Heavy-lift project drivers threatened by investment risks, equipment shortages
Strong project demand from renewables and tech could be curtailed by underinvestment in critical handling and lifting equipment, market executives say.
Strong project demand from renewables and tech could be curtailed by underinvestment in critical handling and lifting equipment, market executives say.
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The two countries failed to reach an agreement before Saturday’s deadline for the Section 338 levies, with Canada vowing to “match those tariffs dollar for dollar.”
Concerns over drought from the weather event is pushing the canal to limit how many vessels traverse the waterway this fall.
A veteran lobbyist in Washington, Chris Spear leaves the American Trucking Associations as regulatory changes, tariffs and court verdicts challenge the industry.
President Donald Trump said he will allow 300,000 metric tons of product to enter the country duty-free for the next 90 days as domestic production is set to hit the lowest level since 1970.
Regulators are tightening their oversight of electronic logging devices to deter fraud in driver work hours, squeezing already reduced truck capacity.
The port may see a 5% volume uptick amid Red Sea and Panama Canal concerns and is readying itself for the scenario in talks with operating partners.
The agency in charge of the canal will start limiting the number of ships that can transit due to the ongoing lack of freshwater to replenish its locks amid a drought caused by a strong El Niño weather pattern.