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Tariff spat sees Canadian shippers eye alternatives to US market

Tariff spat sees Canadian shippers eye alternatives to US market

Commercial relations between Canada and its southern neighbour have hit a new low, and logistics providers are seeing more clients trying to diversify from the US market. Trade negotiations broke down on Friday when the Canadians walked away, citing new US demands tabled at the last minute, as well as a litany of justifications Washington invoked to force Ottawa to make concessions. These range from fentanyl smuggling and Canadian dairy rules to ... The post Tariff spat sees Canadian shippers eye alternatives to US market appeared first on The Loadstar .

Editorial Desk

Canada retaliates against US with tariffs of up to 50% as trade war escalates
MarketsIndustry news

Canada retaliates against US with tariffs of up to 50% as trade war escalates

Why it matters: With trucks carrying more than half the value of U.S.-Canada freight, escalating tariffs threaten to disrupt cross-border volumes, manufacturing supply chains and carrier demand along major gateways such as Detroit, Port Huron and Buffalo. Canada announced retaliatory tariffs of up to 50% on billions of dollars of U.S. goods Tuesday, escalating a trade dispute between the two countries after negotiations collapsed over the weekend. Canadian Finance Minister François-Philippe Champagne said Ottawa will impose “dollar-for-dollar” counter-tariffs on about $27.6 billion worth of U.

Editorial Desk

Gatik raises $200M to scale driverless freight to thousands

Gatik raises $200M to scale driverless freight to thousands

Gatik announced Tuesday it raised $200 million in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. Millennium Management, ARK Invest and Intact Private Capital also joined the round. The money will support expansion of Gatik’s driverless freight operations from the dozens of trucks today to thousands in the years ahead. Gatik has completed 85,000 fully driverless orders. The company reports more than $600 million in contracted revenue and 99% on-time delivery across operations in Texas, Arizona, Arkansas and Canada. “This round, led by some of the world’s le

Editorial Desk

U.S. Refiners Face New Crude Squeeze as Canada Cuts Oil Sands Output
Oil & Fuel OilIndustry news

U.S. Refiners Face New Crude Squeeze as Canada Cuts Oil Sands Output

U.S. refineries have been running at full speed for months to make up for lost fuel supply from the Middle East. Fuel exports from the United States have been breaking records. This may be about to change, and not because of the war. It is oil sands maintenance season in Canada. In September, Canadian crude oil production may drop by 300,000 barrels daily due to maintenance activities in the oil sands, Rystad Energy said this week, as quoted by Bloomberg. Usually, whenever such a seasonal disruption occurs, it gets offset with crude from storage.…

Editorial Desk

US-Canada supply chains face uncertainty as trade talks collapse
MarketsIndustry news

US-Canada supply chains face uncertainty as trade talks collapse

U.S.-Canada trade negotiations collapsed just hours before a deadline to avert steep new tariffs, sending the two countries into an escalating trade dispute that could ripple through trucking, automotive manufacturing and cross-border supply chains. The United States imposed 50% tariffs on billions of dollars of Canadian goods beginning at 12:01 a.m. ET Saturday after negotiators failed to reach an agreement Friday. The affected imports include products ranging from cement and dairy products to hockey sticks and other goods. Canada is the second-largest trading partner of the United States, be

Editorial Desk