US enacts Japan tariff deal
President Donald Trump clarified the 15% rate will generally not stack, and that some aircraft, mineral and pharmaceutical products may soon qualify for exclusions.
President Donald Trump clarified the 15% rate will generally not stack, and that some aircraft, mineral and pharmaceutical products may soon qualify for exclusions.
The two nominees, Laura DiBella and Robert Harvey, would replace former commission members Louis Sola and Carl Bentzel.
Excess capacity is keeping spot and contract truckload pricing in check, though imports into the West Coast generated demand in that region last month.
The Trump administration’s latest funding plans target rare earth magnet development and evaluation of domestic ore deposits.
A proposed amendment that could be included in the 2026 defense spending bill would allow terminal operators to receive the same tax breaks now available to the US shipbuilding industry.
That’s an improvement from the near gridlock of four years ago during the COVID-linked volume surge and the elevated dwell times during last year’s peak season, progress trucking companies say they have noticed.
In recent earnings calls, some executives suggested favorable conditions are in store for the rest of 2025. Other outlooks were more tempered.
The 422,000-square-foot facility will feature automated storage and retrieval to cut order wait times.
Weather-related slowdowns were compounded by track work that typically wraps up in August but overlapped this year with an earlier-than-usual surge in international and domestic intermodal demand.
The dismal outlook for the second half of the year is prompting Wall Street analysts to rein in earnings expectations as many carriers also report steep declines in their profit margins amid a mix of overcapacity and “tariff-driven cost escalation.”