China trade

Commentary: Breaking the backbone of trade

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

Just when the congestion at the ports couldn’t get any worse, China’s latest maritime measure to control the spread of the coronavirus ahead of the Lunar New Year is going to add to the clog of containers. The proof is in the flow of containers.

At the beginning of December, U.S. exporters like Scot Courtright, owner of Courtright Enterprises Inc. in Moses Lake,...

https://www.freightwaves.com/news/commentary-breaking-the-backbone-of-trade

China remains top US trade partner, Mexico No. 2

For the second month in a row, China was the main trading partner of the U.S., followed by Mexico in second place and Canada in third. 

Trade between the U.S. and China totaled $59 billion in November, an increase of 30% compared to the same period a year ago, according to data released Thursday by the U.S. Census Bureau.

Mexico’s trade with the U.S. totaled $49 billion in November, a decrease of 1.8% from November 2019. Mexico had ranked No. 1 for the same month last year.

Trade between the U.S....

https://s29755.pcdn.co/news/china-remains-top-us-trade-partner

Indian Seafarers Stranded Due To Trade Row

Ritesh Kumar, the second engineer on MV Skopelos I, and his vessel have been in the anchorage at Bayuquan, China, since September loaded with Australian coal. Since Beijing has banned Australian coal imports, his ship, along with many others are stranded off various Chinese ports, reports Times Of India.

“Our vessel has nine Indian crew members (among other nationalities) including the master. Some of us have served on the ship for 10-14 months, well beyond our contractual periods. Alongside our...

https://mfame.guru/indian-seafarers-stranded-due-to-china-australia-import-ban/

The Daily Dash: Red-hot produce rates; Nikola assembly plant moves forward

Produce freight rates skyrocketing

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, truckload carriers hauling produce are enjoying rates that are abnormally high for December. Plus, construction continues on Nikola’s electric truck assembly plant, and warehouse space remains red-hot.

Produce price shock

This may not be peak produce season, but for produce shippers, you wouldn’t know it. Produce truckload spot rates have reached levels never before seen in the marketplace.

Zach...

https://www.freightwaves.com/news/the-daily-dash-red-hot-produce-rates-nikola-assembly-plant-moves-forward

C.H. Robinson: Time is running out to recoup paid tariffs

C.H. Robinson (NASDAQ: CHRW) believes many American businesses could lose out on rightfully owed money if they don’t act soon. The logistics giant has run data analysis on Section 301 China trade tariffs, which are eligible for exclusions, and found that American companies have not acted in securing approvals for exclusions written into the tariffs by the Trump administration.

Mike Short, C.H. Robinson president of global forwarding, told FreightWaves that the current tariff exclusions expire on...

https://s29755.pcdn.co/news/ch-robinson-time-is-running-out-to-recoup-paid-tariffs

The Daily Dash: FMCSA pilot for young truckers; and hiring begins to rebound

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the Federal Motor Carrier Safety Administration is proposing a pilot program to study the safety and effectiveness of allowing interstate commercial truck drivers under the age of 21. Plus, a bankrupt oil company has left carriers facing an uncertain future, and trucking sector employment is starting to rise.

Youth will be served

The Federal Motor Carrier Safety Administration (FMCSA) wants public...

https://s29755.pcdn.co/news/the-daily-dash-fmcsa-pilot-for-young-truckers-and-hiring-begins-to-rebound

United Airlines to reintroduce China service in July

White jet, blue tail, United Airlines at airport gate.

U.S. airlines are taking advantage of a mild loosening in Chinese aviation restrictions to restart service to mainland China, a key market for rebuilding revenues and for shippers with goods to move.

United Airlines (NASDAQ: UAL) announced Friday that it will resume service to China with twice-weekly flights between San Francisco and Shanghai Pudong International Airport beginning on July 8. The flights will operate with a Boeing 777-300ER aircraft and route through Seoul, South Korea. Prior to...

https://s29755.pcdn.co/news/united-airlines-to-reintroduce-china-service-in-july

Commentary: Can managed trade really work?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

Managed trade, ironically, is hard to manage. This is especially true when it is between the world’s two largest economies trying to settle their trade and political disputes. The U.S.-China trade war entered a détente of sorts with the “Phase 1” trade deal signed on January 15, 2020. Between January 1, 2020 and December 31, 2021, China is required to import more...

https://www.freightwaves.com/news/commentary-can-managed-trade-really-work

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