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Walmart’s first-quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump.

The U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.Ìý

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Hapag-Lloyd is seeing a jump in business after the U.S. and China lowered tariffs, the company’s CEO said, as the trade war ceasefire unleashes a wave of pent-up demand for shipping.

Online U.S. shoppers will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over tariffs.

House Republicans have proposed using their tax and spending bill to end duty-free imports of cheap foreign goods, a perk companies have used to grow their U.S. business for the past decade.

Landstar System reported its first-quarter earnings following a two-week delay caused by a supply chain fraud incident, the company said May 13.

A China-U.S. deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean.

Last-mile delivery companies, which have always aimed for access to real-time visibility and advanced route optimization, face pressure to better use vehicles and make fast deliveries.

The New York City Department of Transportation will expand a program to fine overweight trucks on major infrastructure.

Japanese logistics company Nissin said Bain Capital will buy its shares from shareholders for it to go private through a management buyout, in a deal worth about $756 million.