Tariffs Bite US Economy With Record Trade Gap, Cooler Orders – Jenny Leonard, Sarah Foster & Katia Dmitrieva, AJOT
According to the American Journal of Transportation, the trade gap for U.S. merchandise expanded to a record last month. Increases in imports surpassed exports, with the gap in goods trade rising from $75.5 billion to $76 billion.
Read the full article here: Tariffs Bite US Economy With Record Trade Gap, Cooler Orders – Jenny Leonard, Sarah Foster & Katia Dmitrieva, American Journal of Transportation
According to FleetOwner magazine, over $74 billion in trucking operational costs were added due to traffic congestion. Not only does congestion increase financial costs, but it also leads to lost hours of productivity. Most of the congestion costs are concentrated in metropolitan areas (over 90%).
Read more information here: Traffic Adds $74.5 Billion to Trucking's Annual Price Tag – Neil Abt, FleetOwner
ATTS Logistics is a proud member of the Intermodal Association of North America (IANA). Our company has been a distinguished member in good standing since 2001.
As a member of IANA, we:
We also receive various resources to learn about the industry and improve the ways in which we serve our customers.
ATTS wants to make sure its clients are aware of serious changes in the markets. Diesel prices are the highest since 2014.
“The U.S. average retail price of diesel jumped 7.2 cents to $3.385 a gallon as oil prices remained at levels not seen in four years. It was the seventh consecutive weekly increase for diesel, and the fuel has risen 17.8 cents a gallon since Aug. 20.
Trucking’s main fuel costs 60.9 cents a gallon more than it did a year ago, when the price was $2.776, the Department of Energy said Oct. 9, reporting the day after the Columbus Day holiday.”
Read more details: Diesel Jumps 7.2¢ to $3.385 a Gallon – Roger Gilroy, Transport Topics
“The U.S. trade deficit widened in August to the biggest in six months as soybean exports plunged and a measure of the gap with China hit a record, showing how the Trump administration’s trade war is dragging on economic growth.
The gap in goods and services trade increased 6.4 percent to $53.2 billion, from a revised $50 billion in the prior month, Commerce Department data showed Friday. Imports rose 0.6 percent and exports fell 0.8 percent. Soybean exports dropped $1 billion, or 28 percent, to $2.58 billion, reversing a run-up earlier this year ahead of retaliatory levies from China.”
Read more details: US Trade Gap Hits Six-month High as Soybean Exports Plunge 28% – Andrew Mayeda, American Journal of Transportation
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