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IMF Says Tariffs Are Ineffective Tool to Right Trade Imbalances

Tempting as it might be to think a stronger dollar offsets higher U.S. tariffs by making Chinese imports cheaper, the International Monetary Fund says the greenback’s global prevalence tells a different story.

August 21, 2019

Perspective: Improving the Drug and Alcohol Clearinghouse

There are three improvements FMCSA should make to maximize the effectiveness of the Drug and Alcohol Clearinghouse, says Jeremy Reymer of DriverReach.

August 21, 2019

Mid-America States Win AASHTO Honors

Six Midwestern states recently earned awards for outstanding transportation projects from the American Association of State Highway and Transportation Officials.

August 20, 2019

Colorado DOT Unveils Truck Safety Program for Mountainous Driving

The Colorado Department of Transportation has launched a safety program geared toward truckers who traverse mountainous terrain.

August 20, 2019

New Jersey Steps Up Efforts to Identify Misclassified Workers

The New Jersey Department of Labor and U.S. Department of Labor signed a joint agreement to step up efforts to protect employees, including truck drivers, from illegal misclassification as independent contractors.

August 20, 2019

Dollar Soars to 2019 High Even as Trump Laments Its Strength

The ascent of the dollar is proving almost unstoppable. While U.S. President Donald Trump lamented its strength on Twitter, the greenback continued to surge Aug. 19, taking a Bloomberg index of the U.S. currency to its highest level of 2019.

August 19, 2019

Diesel Falls 1.7¢ to $2.994 in Sixth Consecutive Decline

The U.S. average retail price of diesel dropped 1.7 cents to $2.994 a gallon, the Department of Energy reported Aug. 19. Crude oil prices lifted moderately to pass $56 a barrel as U.S.-China trade tensions eased somewhat, while a drone attack on an oil field in Saudi Arabia rekindled concerns over the oil supply chain.

August 19, 2019

Trump Says US Is Talking With China but Not Ready for Deal

President Donald Trump said the United States is “doing very well with China, and talking!” but suggested he wasn’t ready to sign a trade deal, hours after his top economic adviser laid out a potential timeline for the resumption of substantive discussions with Beijing.

August 19, 2019

China Ramps Up Brazil Soybean Imports, Rebuffing US Crops

China is stepping up its soybean buying in Brazil as growers in Argentina continue to hoard and the Asian nation avoids American oilseed after an escalation in trade tensions between Washington and Beijing.

August 16, 2019

Fed Survey Finds Tariffs Pushing Up Prices, Pinching Profits

A new survey by the Federal Reserve Bank of New York found a growing conviction among businesses that President Donald Trump’s tariffs were hitting their bottom line.

August 16, 2019