Because bananas are a low-profit margin food and cannot be grown in the U.S., the proposed fees would quickly — and noticeably — increase grocery store prices.
Chris Wofford, founder and managing partner at Wofford Advisors, describes the current state of mergers and acquisitions in transportation and logistics, and what that says about the condition of the economy.
The Trump administration added 54 companies and organizations from China, as well as more than two dozen from Iran, Pakistan, South Africa, the United Arab Emirates and Taiwan.
Russia and Ukraine also reportedly agreed to end strikes against energy facilities, while the U.S. "remains committed" to helping achieve the exchange of prisoners of war.
The survey was enacted after the U.S. presidential election, but before President Donald Trump began enacting his promised punitive trade tariffs against America’s trading partners.
The DOT's annual "TransBorder Freight Report" for 2024 tracked a 1.8% year-over-year increase in U.S. freight flows combined between Canada and Mexico.