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Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up

October 18, 2024 by Admin
Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up

A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Record imports over the last several months at West Coast ports, driven by the recent East Coast …

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What happened Friday hasn’t happened in ages. It bodes well for earnings

October 13, 2024 by Admin
What happened Friday hasn’t happened in ages. It bodes well for earnings

Something different happened Friday – so different that it took my breath away. The first Friday of earnings season has recently been such a jumble of tension that we had forgotten what it’s like to have multiple big quarters reported in the morning. But that was exactly what we got. …

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Walmart-owned Sam’s Club tests a future without checkout lines

October 7, 2024 by Admin
Walmart-owned Sam’s Club tests a future without checkout lines

Sam’s Club is opening a store in the Dallas area that will require customers to go all digital. Shoppers will use a smartphone app to scan and pay for their own purchases rather than standing in a checkout lane. Sam’s Club GRAPEVINE, Texas — When shoppers walk into Sam’s Club’s …

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There’s too much negativity about the stock market. Focus on these 3 positives instead

October 6, 2024 by Admin
There’s too much negativity about the stock market. Focus on these 3 positives instead

After all of these years, after all of the rather incredible rallies and gains in the stock market from so many groups, the typical morning still starts with a bevy of negativity. That gloom lasts until near the close, where the market seems to say, “Oh well, maybe things aren’t …

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Amazon bets on selling cashierless technology to retailers after pulling it from most U.S. stores

October 5, 2024 by Admin
Amazon bets on selling cashierless technology to retailers after pulling it from most U.S. stores

In 2012, Amazon founder Jeff Bezos was asked by TV host Charlie Rose whether his e-commerce company would ever venture into brick-and-mortar stores. Bezos said shoppers were well-served by existing physical retailers and that Amazon wasn’t interested in launching a “me-too” product. “We want to do something that’s uniquely Amazon,” …

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CVS is under pressure and considering a break up. Here’s why that could be risky

October 4, 2024 by Admin
CVS is under pressure and considering a break up. Here’s why that could be risky

A sign outside of a CVS pharmacy store on February 07, 2024 in Miami, Florida.  Joe Raedle | Getty Images It’s time for a wellness check at CVS Health. Shares of the company are down more than 20% this year as it grapples with higher-than-expected medical costs in its insurance …

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Chaos is building for shippers as U.S. port strike continues and costs rise

October 3, 2024 by Admin
Chaos is building for shippers as U.S. port strike continues and costs rise

Striking workers at the Red Hook Container Terminal in Brooklyn gather before a visit by Mayor Eric Adams after members of the International Longshoremen’s Association, or ILA, began walking off the job after 12:01 a.m. ET on October 01, 2024 in Brooklyn, New York.  Spencer Platt | Getty Images As …

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East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade

September 30, 2024 by Admin
East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade

 Shipping containers sit stacked in the Port of Newark on September 30, 2024 seen from New York City. A massive strike shutting down ports across the East and Gulf coasts began at midnight as members of the International Longshoremen’s Association continue to make salary and other demands to the United …

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With ports strike imminent on East Coast, Gulf, truckers, rails are scrambling to move billions in cargo before midnight shutdown

September 30, 2024 by Admin
With ports strike imminent on East Coast, Gulf, truckers, rails are scrambling to move billions in cargo before midnight shutdown

Containers are lined up on the ground at the Port Newark Container Terminal in front of the skyline of New York City on December 2, 2023, in Newark, New Jersey.  Gary Hershorn | Corbis News | Getty Images With a potential strike at ports up and down the East Coast …

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Kamala Harris wants to take on price gouging. It’s hard to find agreement on what it even is

September 29, 2024 by Admin
Kamala Harris wants to take on price gouging. It’s hard to find agreement on what it even is

Democratic presidential candidate Vice President Kamala Harris and her husband, Doug Emhoff, stop at a Sheetz gas station in Coraopolis, Pennsylvania, on Aug. 18, 2024. Angela Weiss | AFP | Getty Images As she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to …

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