Economists at Goldman Sachs have raised their assessment of the odds the U.S. will experience a recession to 45% from 35% following President Donald Trump's tariffs announcement April 2.
April 8, 2025Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Could Trump’s Tariffs Trigger a US Recession?
Thune Doubts Chances for Congressional Tariff Oversight
Senate Republican leader John Thune predicted a bipartisan bill that would give lawmakers greater oversight of President Donald Trump’s tariffs would languish in Congress.
April 7, 2025House Unveils Bathroom Access Bill for Truck Drivers
A bill that would guarantee truckers on their routes have access to restrooms was recently introduced in the U.S. House of Representatives.
April 7, 2025Iowa Law Aims to Strengthen Trucking Independent Contractors
Iowa Gov. Kim Reynolds has enacted a law backed by the state trucking association to strengthen the trucking industry’s independent contractor model in the state.
April 7, 2025EU Unites Behind Tough Line on Trump Trade Tariffs
Trump’s move to slap a 20% tariff on EU goods as part of his “America First” agenda has stirred fears of a global trade war — and led to a meltdown in financial markets.
April 7, 2025Perspective: Why Now Is the Time for AI in Trucking
The ongoing digital transformation of logistics and now supply chains makes this the ideal time for trucking to invest in artificial intelligence and gain a competitive edge.
April 7, 2025Xi Declares China Ready to Fight Trump’s Trade Tariffs
President Xi Jinping’s decision to quickly retaliate against Donald Trump’s sweeping tariffs sent the world a clear message: If the U.S. wants a trade war, China is ready to fight.
April 7, 2025Stellantis Offers Tariff Aid to Struggling Parts Suppliers
It’s unclear what percentage of the cost Stellantis is willing to pay and suppliers would have to meet a number of requirements in order to qualify for the program.
April 7, 2025US Hits Canada Lumber With 34% Duties Even Before Tariffs
The U.S. is poised to more than double duties on Canadian softwood lumber to 34.45%, putting more pressure on U.S. materials costs even before any new tariffs on the sector.
April 7, 2025DOT Seeks Input on Cutting Transportation Regulations
President Donald Trump’s orders since he took office have set goals for agencies to cut regulations where possible. DOT is asking for input from truckers, trade organizations and small businesses.
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