EPISODE · May 30, 2025 · 3 MIN
Morning Minute | May 30, 2025
from FreightCasts · host FreightWaves
A federal appeals court has temporarily paused a ruling by the Court of International Trade that blocked tariffs enacted by President Trump. This decision follows the Trump administration's plans to seek intervention from the Supreme Court, arguing presidential authority under the International Emergency Economic Powers Act. In other news, Sport LA Inc., a California freight forwarding company, has been charged in a smuggling operation alleged to be worth billions of dollars. Executives Ralph Olarte and Humberto Lopez Belmonte face a 22-count indictment for an elaborate scheme exporting illegal goods from the U.S. to Mexico, allegedly employing fraudulent documentation, shell companies, bribes, and involvement with cartels since 2013. Meanwhile, Americold is strategically expanding into Canada with the groundbreaking of its first import-export hub in New Brunswick. This venture involves a substantial investment of $75 million to $80 million and is set to transform cold storage facilities at Port Saint John, partnering with DP World and Canadian Pacific Kansas City to streamline food flows across various regions and create up to 100 permanent jobs by 2029. Looking ahead, be sure to catch FreightWaves TV shows like What the Truck?!? and Running on Ice today. Also, mark your calendars for upcoming events such as the Enterprise Fleet Summit and the Supply Chain AI symposium. Learn more about your ad choices. Visit megaphone.fm/adchoices
What this episode covers
A federal appeals court has temporarily paused a ruling by the Court of International Trade that blocked tariffs enacted by President Trump. This decision follows the Trump administration's plans to seek intervention from the Supreme Court, arguing presidential authority under the International Emergency Economic Powers Act. In other news, Sport LA Inc., a California freight forwarding company, has been charged in a smuggling operation alleged to be worth billions of dollars. Executives Ralph Olarte and Humberto Lopez Belmonte face a 22-count indictment for an elaborate scheme exporting illegal goods from the U.S. to Mexico, allegedly employing fraudulent documentation, shell companies, bribes, and involvement with cartels since 2013. Meanwhile, Americold is strategically expanding into Canada with the groundbreaking of its first import-export hub in New Brunswick. This venture involves a substantial investment of $75 million to $80 million and is set to transform cold storage facilities at Port Saint John, partnering with DP World and Canadian Pacific Kansas City to streamline food flows across various regions and create up to 100 permanent jobs by 2029. Looking ahead, be sure to catch FreightWaves TV shows like What the Truck?!? and Running on Ice today. Also, mark your calendars for upcoming events such as the Enterprise Fleet Summit and the Supply Chain AI symposium. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Morning Minute | May 30, 2025
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