President Donald Trump announced a significant trade deal with China, which he states is nearly complete and pending final approval from himself and China's president. This agreement reportedly includes China providing rare earth metals upfront, with the U.S. receiving 55% tariffs and China 10%, highlighting an "excellent" relationship between the two nations.

The Council of Supply Chain Management Professionals (CSCMP) has released their annual logistics report, revealing a substantial increase in the logistics portion of the U.S. GDP for 2024. This share rose by $133 billion to $2.58 trillion, marking a 5.4% increase from the previous year, and is not expected to decrease soon.

Union Pacific is actively rolling out a multifaceted technology strategy designed to benefit both truckers and rail shippers across its network. Key initiatives include the implementation of API solutions for real-time shipment updates, comprehensive GPS tracking for containers, and the utilization of RailPulse technology for real-time railcar data. These advancements, alongside an updated website and customer portal, aim to improve service, reduce wait times at intermodal ramps, and enhance overall safety and efficiency.

Tune in today to FreightWaves TV for a new episode of What The Truck?!? At noon, followed by Truck Tech with Thomas Wasson later this afternoon. Don't forget to sign up for the Enterprise Fleet Summit on July 23rd and the Supply Chain AI Symposium on July 30th in Washington D.C..

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