Steel Products
Trucking Trade Groups Support NAFTA
Written by Sandy Williams
October 24, 2017
Trucking associations in the U.S., Canada, and Mexico issued a joint statement on Monday supporting an updated NAFTA agreement.
The North American truck-transported trade supports tens of thousands of jobs and generates billions in revenue annually, said the statement from the American Trucking Association (ATA), Cámara Nacional del Autotraporte de Carga (CANACAR), and the Canadian Trucking Alliance (CTA).
“Trucking and trade are synonymous,” said ATA President and CEO Chris Spear. In the U.S. alone, cross border trade supports 46,000 trucking jobs, including 31,000 drivers, and generates $6.5 billion annually.
“Our industry demonstrates how trade creates good, solid long-term jobs across the continent,” said the associations. “The ripple effects are significant, too. In order to haul all the trade across our borders, our industries have to buy a significant amount of goods and services, from equipment to fuel to tires to insurance. “
{loadposition reserved_message}
“The trucking industries in Canada, Mexico, and the United States have all benefited significantly from NAFTA and we, the national trucking associations from all three countries, urge negotiators to update the trade agreement in a manner that continues to benefit trade,” the joint statement reads in part.
“We strongly encourage our governments to update NAFTA to keep North America competitive internationally. In this endeavor, making border crossings and rules governing international commercial transportation more efficient is a crucial element that will only help our industries make North America stronger.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]
SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.
HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.
Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]