163,318 truckers risk losing their CDLs when the FMCSA's new Clearinghouse rule takes effect in November. Here's what it means and how it impacts the industry.
The Chinese government is cautioning economists against discussing deflation and decelerating economic growth, the Financial Times reveals. As foreign investment declines and China struggles to attain the rapid recovery it hoped for post-COVID, such directives have been passed down to economists, analysts, and researchers.
Key indicators show a concerning picture: a disappointing second-quarter growth, zero consumer price inflation in July, a surge in youth unemployment to 21%, and a staggering $100 billion drop in foreign direct investment in the initial quarter of 2023. Beijing recognizes these challenges but hasn't launched a significant stimulus initiative many experts deem necessary.
3 - China's Q2 economic growth stands at 0.8%, a sharp fall from Q1's 2.2%. The current growth rate, equivalent to 3.2% annually, reflects one of the weakest periods in decades. Measures to stimulate demand are anticipated to be gradual in effect. #GDP#EconomicIndicators
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
