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Intermodal chassis manufacturer CIMC is bringing full manufacturing to the U.S. to meet the needs of the domestic intermodal market.
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The imposition of aggressive anti-dumping and countervailing duties on Chinese-made medium truck tires arguably has been the most significant development to hit the domestic retreading industry in many years, and the impact of those actions is something that the Tire Retread & Repair Information Bureau (TRIB) is monitoring closely.
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With tariffs as high as 30% on imported goods, at least a portion of the increased prices of truck parts are being passed onto fleet consumers. So what's the best way for fleets to deal with it?
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With another tariff on imported goods from China expected on Dec. 15, pre-tariff shipping to build inventories may be responsible for a recent uptick in freight.
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American Trucking Associations announced that the current 25% tariff on certain imported goods from China would no longer be applied to 53-foot domestic intermodal containers.
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FTR’s revised Trucking Conditions Index showed significant improvement for the month of June thanks to strengthening freight demand and lower fuel prices, but other factors are likely to keep things subdued through the rest of the year.
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Recent economic reports from trucking industry analysts show a decline in the freight market in the near term, but it could stabilize in the long term.
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Expect higher prices and tighter supplies. Imports of radial truck tires from China into the U.S. have dropped 25% in the first three months of 2019, from more than 1.8 million to just shy of 1.4 million, compared to the same period a year ago.
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2018 will go down as an outstanding year for third-party logistics in the U.S., driven by growth in the economy and an extraordinary inventory build as shippers imported products to beat import tariffs.
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President Trump has initiated another trade war with Mexico, this time tied to curbing illegal immigration. While experts say the initial impact on trucking will be minimal, the effects will become more dire with each passing month if the dispute is not resolved quickly.
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