The United States relied on foreign sources of palladium to meet 37% of its domestic consumption needs in 2021. How important is palladium? It is commonly used, along with other platinum group metals (PGMs), as an active substance in automotive catalytic converters (as well as in semiconductor production).
U.S. truck exports to Mexico could be affected by a new Mexican standard, the U.S. Trade Representative’s Office (USTR) said. First and foremost, the U.S. government has initiated discussions with Mexico on the implementation of its PROY-NOM-014-SCT2-2019 standard, which regulates rear underride guards for conventional buses and truck-type
The People’s Republic of China has been the world’s largest exporter of wheelchairs from 2016 to 2020, according to data the United Nations. Moreover, the value of China’s wheelchair exports has increased at a Compound Annual Growth Rate of 4.2% from approximately $538.5 million in 2016 to approximately
The American Trucking Associations (ATA) estimates that U.S. freight transportation will grow to more than $1.6 trillion by 2030. According to ATA, the U.S. freight sector accounted for approximately $791 billion in revenue in 2019 and accounted for 80% of domestic freight spending. Private fleets consist of tractors
U.S. rail transportation during the first six months of 2022 was unfavorable compared with the prior-year period, the Association of American Railroads (AAR) reported. On a year-over-year rate, total U.S. carload traffic decreased 0.1% and intermodal units decreased 6.2% for the year-to-date period through June 30, 2022. Thus,
The American Trucking Associations (ATA) estimates that there is a severe shortage of truck drivers in the United States, with a need for about 51,000 more drivers to meet demand. At the same time, the Coalition of Supply Chain Management Professionals (CSCMP) has identified the driver shortage as