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Stephen Carmel

“We have done hard things before. With this committee’s guidance, and in partnership with labor and industry, we can do them again," Maritime Administrator Stephen Carmel told senators.

President Trump's approach to renegotiating trade deals has injected unease into international supply chains as well as a domestic trucking industry already 2½ years into a downturn.

“We’re going to have a very aggressive legislative agenda coming right out of the gates in January,” House Speaker Mike Johnson said Dec. 16.

The U.S. accused China of engaging in unfair trade practices in the semiconductor sector, but is declining to impose additional tariffs on chip imports until at least mid-2027.

The FBI has been working with TIA to streamline relaying of information and reports from TIA members about cargo theft activity, both traditional and more sophisticated.

Kargo has secured $42 million in new funding as the warehouse automation company scales its loading dock technology with enterprise customers across multiple industries.

According to data from motor club AAA, the national average for unleaded gasoline has stayed below the $3 mark since Dec. 2, falling to its lowest level of about $2.85 a gallon on Dec. 22.

The U.S. is suspending leases for all five wind farms under construction off the East Coast in the latest blow to a sector that’s been targeted repeatedly by the Trump administration.

Bourbon maker Jim Beam plans to pause production at its main U.S. distillery for all of 2026 after slumping demand caused an oversupply of whiskey. 

Cattle placed in U.S. feedlots, where animals are fed until ready to be slaughtered, are expected to have dropped in November to the lowest levels for the month since 2015, Bloomberg reports.

The Camry sedan, Highlander SUV and Tundra pickup truck will go on sale in Japan from 2026, Toyota said Dec. 19. The vehicles are produced in Kentucky, Indiana and Texas, respectively.

Trucks on the road

Trucking activity in the U.S. climbed slightly in November, but shipments remain at low levels, according to American Trucking Associations.

Colorado highway

Colorado Faces $24M Federal Funding Cut Over CDL Response

Colorado Gov. Jared Polis called it a case of “crossed wires,” saying the state has “finished the investigation and we are conducting a final review of the findings."

Roofers

Economy Expands at Surprisingly Strong 4.3% Annual Rate

U.S. GDP from July through September — the economy’s total output of goods and services — rose from its 3.8% growth rate in the April-June quarter, the Commerce Department said Dec. 23.

ZF

Samsung Unit to Buy ZF’s Driver Assistance Arm for $1.8B

The deal will combine Harman’s cockpit expertise with market-leading camera technology for the next generation of so-called software-defined cars.

VW ID factory

Tariff-Hit German Exports to US Fall Sharply, Analysis Finds

The value of exports to the U.S. fell by 8% compared with the same period last year. By contrast, exports across the Atlantic had increased by an average of 5% per year between 2016 and 2024.

Editor's Picks

Container ship in Long Beach

Global freight flows have entered a period of transformation as the U.S.-led trade war and other policy changes have upended the business landscape for international shipping.

Walmart trucks

The largest private carriers in North America have navigated volatile markets and shifting freight patterns this year as tariffs and trade deals shake up international supply chains.

Fuel Prices

Week of Dec 22
Down
diesel
Down
6.3¢
Down
gas
Down
5.4¢

Top 100/ Top 50

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More News

Utility trailer

U.S. trailer orders fell 37% below prior-year results in November, with freight market pressures continuing to weigh on activity, ACT Research reported. 

Port Houston

U.S. port container volumes fell in November, but major gateways including Los Angeles and Long Beach remain on track for one of their strongest years on record.

Cashier rings up a marijuana sale

A group of House Republicans is urging President Trump to think twice about reclassifying marijuana as a less severe drug, pointing to potential harm to the nation’s children and young adults.

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