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Trade wars

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Trump suspends planned tariffs for Mexico, that's good news for trucking

Late afternoon President Donald Trump informed the public that he is suspending his plan to impose tariffs after reaching a deal with Mexico. In a tweet released late afternoon, Trump wrote - "I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended."Trump also wrote - "Mexico, in turn, has agreed to take strong measures to stem the tide

WMU Truck 5.23

The sky may have fallen on freight market after new tariffs are implemented against China

"Like the “snap” in the Avengers movie, where the big bad villain, Thanos, eliminated half the life in the universe, something similar occurred to the freight market after the trade war escalated between China and the U.S earlier this month. It is hard to imagine the freight market being so fragile that one action — tariff increases — could drop national freight volumes 4% to 5% overnight. While it is difficult to say that is exactly what happened, the timing makes it hard to ignore the correlat