U.S. Approves Offshore LNG Platform, Amazon Enters LTL, & Wabash Gets Import Relief | The Morning Minute

In this episode, we kick things off by examining a historic first for American energy exports as federal regulators have approved construction of a five-billion-dollar floating platform to produce liquefied natural gas for export in U.S. waters. The controversial project, led by Delfin Midstream of Houston, will be located forty miles off the coast of Louisiana and is expected to begin production in 2030, with Samsung Heavy Industries constructing the platforms and MOL of Japan also connected to the venture. Meanwhile, the e-commerce giant's full entry into the less-than-truckload market is sparking fierce debate over whether Amazon can truly disrupt the LTL space with its asset-light model of roughly thirty terminals. While the announcement sent shares of publicly traded LTL carriers modestly lower, analysts are largely skeptical, noting that Amazon's offering is more akin to what brokers provide and will likely compete primarily with the economy three-to-four-day sub-segment rather than premium service lanes. Finally, we cover a potential lifeline for the embattled van trailer builder as the Commerce Department imposed preliminary countervailing duties on Chinese and Mexican trailer imports ranging from eighty-two to one hundred twenty-nine percent on Chinese products. The decision, which came as S&P Global Ratings downgraded Wabash to B-, will require importers to immediately begin posting cash deposits at the preliminary rates, providing relief to domestic manufacturers facing intense foreign competition. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices