Latest Business News
EU Commission Proceeds with Mercosur Trade Agreement Provisional Application
European Commission President Ursula von der Leyen approved provisional application of the Mercosur trade deal, bypassing a judicial review by MEPs that suspended ratification. The agreement, seen as one of the most consequential of the century, has divided EU states with Germany supporting market access while France opposes it for harming farmers. The Commission vows close work with institutions for a smooth process.
French President Macron Criticizes EU Mercosur Deal Decision
French President Emmanuel Macron condemned the European Commission's move on the Mercosur trade agreement. France has led opposition, arguing it exposes EU farmers to unfair competition from South American imports. The deal has split member states for years.
US Trucking Industry Enters Freight Recession with Plummeting Rates
US trucking, a $875 billion industry, faces turmoil as shipping rates crash post-pandemic, dubbed a 'freight recession' due to inventory gluts lowering demand. This disadvantages carriers in annual contract talks but benefits retailers with lower costs. The sector anticipates reshaping amid ongoing negotiations.
AI and Automation Reshape Global Trade and Supply Chains
Global trade transforms via AI and automation, enhancing production, shipping, and management with predictive analytics, automated customs, and smart manufacturing. These innovations make trade faster, smarter, and more resilient amid rapid technological progress. Supply chains gain from intelligent systems.
Fleet Advantage Aids Truck Fleets in SEC-Mandated GHG Emissions Certification
Fleet Advantage launched a program for corporate truck fleets to certify greenhouse gas emissions, mandated by a proposed SEC rule. As the only finance lessor certifying for a decade, it focuses on high-mileage tractor-trailers. The SEC issued the rule on March 21.
Global Supply Chains Face Uncertainty After Supreme Court Ruling
Global supply chains encounter fresh uncertainty following a Supreme Court decision, amid broader transformations in international trade. This adds to challenges from technological shifts and economic forecasts. US companies monitor impacts closely.
Global Trade Outlook Highlights International Economic Forecasts
Trending analysis covers global trade outlook and international economic forecasts, driven by tech advancements. Businesses adapt to AI-driven changes in logistics and manufacturing. Uncertainties persist in supply chains.
US Treasury OFAC Issues General License 8G for Asset Controls
The US Department of Treasury’s OFAC issued General License 8G, authorizing specific actions related to foreign assets. This impacts international business operations and compliance. Companies in global trade must note implications.
Gail Rutkowski Transportation Excellence Award Nominations Open
Nominations for the Gail Rutkowski Transportation Excellence Award (GR-TEA) are accepted through May 8, 2022, recognizing excellence in transportation for US companies doing business globally. It honors companies or individuals advancing the sector. Relevant for logistics innovators.
Mental Health Rise Impacts Global Business and Workforce
Mental health issues surge globally, with one in two people affected lifetime, amid digital lifestyles and breaking taboos. Businesses face implications for workforce productivity and support needs. Reported cases expected to increase.
Hungary Blocks EU Sanctions and Ukraine Loan Over Pipeline Dispute
Hungary rejects EU's 20th sanctions package against Russia and a €90 billion loan to Ukraine, demanding restoration of Russian oil flows via the Druzhba pipeline. Lithuania's PM calls Hungarian claims of Ukrainian blockage 'nonsense,' citing Russian drone damage. This stalls EU aid efforts.