The accelerated digital transformation across almost every sector amid the coronavirus pandemic is boosting an esoteric collection of Japanese companies that dominate the global supply of semiconductor materials.
Benchmark your freight performance by leveraging the U.S. Bank Freight Payment Index™. Published quarterly, the index showcases current freight shipping volumes and expenditures on both national and regional levels with commentary by Bob Costello, Chief Economist and Senior Vice President for the American Trucking Associations (ATA).
The Q2 2020 data revealed that both the shipment and spend index contracted from Q1 2020. In the midst of the COVID-19 pandemic, the U.S. Bank National Shipment Index dropped 7.6% and the spend index was down 13.7%. Despite the notable declines, the data also highlights some improved signs of economic and trucking activity and increases in both manufacturing and non-manufacturing sectors.
Efforts are underway in the U.S. to break China’s monopoly on the mining and processing of rare earth minerals, which are found in many high-tech products for consumer, industrial and military use. But it’s going to be a long haul to achieve that goal.
Trade talks between the EU and U.K. have struggled in recent weeks, increasing the prospect that Britain departs the bloc without a deal and that businesses face an extreme shock when the divorce takes effect.