Election

Proposed Trump tax cuts expected to be a boon for freight

With at least three Senate seats flipped from Democrat to Republican — giving Republicans a two-seat majority — Trump will attempt to exert influence on Congress as lawmakers grapple with major tax reforms in 2025.

Trump supports lowering the corporate tax rate from its current 21% — which was lowered from 35% in 2017 during his first administration through the Tax Cuts and Jobs Act — to as low as 15% for companies that make their products in the U.S.

Loren Smith, president of the strategic...

https://www.freightwaves.com/news/proposed-trump-tax-cuts-expected-to-be-a-boon-for-freight

Tariffs, regulations and taxes among key issues for retail on election day

Mike Baudendistel, head of intermodal solutions at FreightWaves SONAR, discussed on The Stockout’s election special Monday what Tuesday’s presidential election might mean for the retail and consumer packaged goods industries.

Baudendistel broke down several policy issues, culminating in predictions on whom he thinks stakeholders would vote for on each topic.

Tariffs

Up first on the agenda was tariffs, a hotly debated topic between presidential nominees Donald Trump and Kamala Harris.

“Trump says he...

https://www.freightwaves.com/news/tariffs-regulations-and-taxes-among-key-issues-for-retail-on-election-day

Election will revamp loophole that lets lower-value imports avoid scrutiny

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

By Maggie M. Barnett – CEO, LVK

Regardless of who wins the U.S. presidential election in November, consumers and e-commerce companies can expect to see changes to Section 321 of the Trade Facilitation and Trade Enforcement Act. While some have heralded it as an essential growth factor for the U.S. direct-to-consumer market, many others, including politicians in...

https://www.freightwaves.com/news/election-will-revamp-loophole-that-lets-lower-value-imports-avoid-scrutiny

2024 presidential election may have big impact on supply chains

Bart

By Bart De Muynck

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

The first two months of 2024 have already put stresses on U.S. supply chains due to many global disruptions. We find ourselves in the midst of a presidential election year, leaving many people wondering how this will further impact the U.S. economy. This year marks the 60th quadrennial presidential election, scheduled for Tuesday, Nov. 5.

Predicting...

https://www.freightwaves.com/news/2024-presidential-election-may-have-big-impact-on-supply-chains

Nigerians Frustrated Ahead Of Election

Credit: RayBay/Unsplash

Fuel and cash shortages have caused frustration and anger among Nigerians ahead of the election. The shortages have caused long lines and increased prices, making it difficult for people to access the resources they need. The situation has added to the already high levels of tension in the country as the election approaches. It is important for the government and relevant authorities to take steps to address the shortages and ensure that citizens have access to the...

https://mfame.guru/nigerians-frustrated-ahead-of-election/

Biden and the maritime industry: On course with a few detours

The maritime industry will find a friendly environment in Congress and at the White House as a result of last week’s elections, but it should brace for some major policy shifts as a Biden administration pushes ahead with its promised climate change agenda.

Maritime stakeholders can expect strong support in the White House for the Jones Act, which the industry considers crucial to its future as the law reserves coastwise trade for U.S. built, owned and crewed vessels. Biden included the Jones Act...

https://www.workboat.com/news/government/biden-and-the-maritime-industry-on-course-with-a-few-detours/

The Daily Dash: Election concerns, tolls and under-21 drivers

truck tolls

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, with the Nov. 3 election quickly approaching, the trucking industry has a lot at stake, including whether the nation’s crumbling infrastructure can be improved. Plus, ATA President and CEO Chris Spear says the group must win its legal battle against Rhode Island over truck-only tolls, and the FMCSA’s under-21 military truck driver pilot program is struggling to find participants.

Election to shape...

https://www.freightwaves.com/news/the-daily-dash-election-concerns-tolls-and-under-21-drivers

Australia depends on shipping as a service

With a federal election upon us it’s time to remind both sides of the political divide that the best interests of Australia are served by focusing on optimising the benefits that international shipping provides to the greater good of ordinary Australians.  

Shipping should not be used as a pawn in the chessboard of politics nor should it be considered or as the golden goose to squeeze for more fees and taxes.  The more taxes you impose on international shipping visiting Australia, the more every...

https://shippingaustralia.com.au/australia-depends-on-shipping-as-a-service/