President Biden signed into law Aug. 9 the bipartisan CHIPS and Science Act of 2022, as part of an industrial strategy to revitalize domestic manufacturing, create good-paying American jobs, strengthen American supply chains, and accelerate the industries of the future.
DSV CEO Jens Bjørn Andersen tells the WSJ that he’s looking to expand his reach in the U.S. as he revives a strategy that has helped build the Danish operator into the world’s third-largest freight forwarder.
After President Joe Biden’s landmark bill passes, the federal government will start doling out up to $40,000 tax credits per heavy-duty truck purchase.
A key measure of wholesale costs shows U.S. suppliers raised prices in July at the slowest annual pace since last fall, adding to signs that the rapid growth in production expenses that has helped fuel consumer inflation is easing.
If the Commission issues an emergency order, common carriers and marine terminal operators would be required to share directly with relevant shippers, rail carriers, or motor carriers information relating to cargo throughput and availability.
A new survey shows wages for truck drivers rose at a double-digit pace last year, as companies raced to recruit workers in a market marked by tight labor conditions and high freight demand.
The U.S. added 528,000 jobs in July as the jobs market returned to pre-pandemic levels, adding a total of 22 million jobs since reaching a low in April 2020.
The Biden administration’s push to form an international buyers’ cartel to cap the price of Russian oil is facing resistance from maritime insurers that it cannot be reliably enforced.
The latest supply chain news, analysis, trends and best practices for companies operating in the United States, Canada and Mexico. Learn how businesses are optimizing supply chain and logistics performance across North America - addressing a range of challenges such as varying regulations, labeling and packaging requirements, customs and tax laws and government controlled exchange rates.
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