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8 August 2026

Penske firms reversed twice on appeals, Montgomery a factor

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Source reporting: FreightWaves

Penske firms reversed twice on appeals, Montgomery a factor

The Fifth Circuit Court of Appeals has reversed two earlier lower court decisions that were initially victories for companies in the sprawling Penske empire, with one of the reversals tied directly to the Supreme Court decision in Montgomery vs. Caribe Transport II. In a decision handed down earlier this week, the Court of Appeals for the Fifth Circuit found that an earlier dismissal of broker Penske Transportation Management (PTM) from the case of Morales et. al vs. OK Trans et.

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8 August 2026

Why is transit in goods free but trade is not?

In my previous two posts on the value of the WTO, I argued that when governments set trade policies independently, they focus on domestic effects but often overlook the costs imposed on trading partners. International trade agreements help governments take account of these cross-border spillovers (terms-of-trade externalities) by encouraging reciprocal negotiations over trade policy. While these negotiations will reduce trade protection, they will not necessarily lead to free trade. But if governments do not generally commit themselves to free trade, why has freedom of transit for goods been seen differently?

Source: World Trade OrganizationOriginal source

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