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Biden Acting Labor Secretary Julie Su engaged in tense West Coastline port contract negotiations
Julie Su testifies prior to a Senate Wellness, Training, Labor and Pensions Committee listening to on her nomination to be Labor Secretary, on Capitol Hill in Washington, U.S., April 20, 2023. Amanda Andrade-rhoades | Reuters President Biden’s Performing Labor Secretary Julie Su is in recent conversation with labor and port administration representatives in an effort […]
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West Coast ports shut down as union employees ‘no show’ after breakdown in wage negotiations
Transport containers are observed at a terminal inside the Port of Oakland. Carlos Barria | Reuters West Coast ports are shutting down as union personnel “no present” following a breakdown in negotiations with port management. The Port of Oakland was shut down Friday morning owing to insufficient labor for terminal operations, a stoppage that is […]
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Corporations are bringing output back dwelling for the reason that of the Ukraine war, China’s slowdown — and TikTok
The U.S. is pushing ahead with incentives for domestic producing of laptop or computer chips and electrical car components, while the European Union has declared a 43 billion euro ($46 billion) package to enhance chip producing in the bloc. Luke Sharrett | Bloomberg | Getty Pictures A new “reshoring” craze is established to upend world […]
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Japan and South Korea have a whole lot at stake in a absolutely free and open up South China Sea
China has so significantly not acted in an intense fashion towards shipping in the South China Sea, but the incredibly possible of action generates a crystal clear risk to the economies of Japan and South Korea. Kazuhiro Nogi | AFP | Getty Visuals The next commentary is from Kevin Klowden, chief world-wide strategist of Milken […]
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PlayStation, treasure hunts and natural miracles: What everyday living is like onboard a large oil tanker
An oil tanker getting serviced by a bunkering vessel. Courtesy: Hafnia If you think that lifestyle at sea is like the movie franchise “Pirates of the Caribbean,” imagine yet again. The flicks, which aspect ambushes, looting and a drunken captain, are much from real existence, in accordance to shipping veteran Ralph Juhl. “That is, of […]
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UN urged to assistance foreign seafarers, ships stranded in Ukraine considering that start of war
For the final calendar year, considering the fact that the start out of the war with Russia, 331 seafarers and 61 ships have been trapped in Ukrainian ports, and calls for their expedited release are intensifying. The Intercontinental Chamber of Shipping, along with over 30 other businesses and organizations, have published a letter urgently calling […]
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Elon Musk promised a ton with the Tesla Semi. Here is how it stacks up now that it can be finally in this article
To start with introduced by Elon Musk in 2017, the Tesla Semi has been a person of the longest-delayed products in the company’s record. But the new electric powered truck is eventually listed here, with PepsiCo currently being the 1st purchaser to get some of the 100 cars it pre-requested. “PepsiCo owns a single of […]
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There is a new inflation warning for customers coming from the source chain
An Optoro warehouse in Tennessee that handles returns for retailers. Supply: Matt Adams | Optoro As the marketplaces prepare for the hottest client price tag index data on Tuesday, logistics professionals are warning of a persistent source of inflation in the provide chain, and declaring people ought to be all set for the impression it […]
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4 troubling international trade developments flashing consumer weakness for a market place now fearing recession
Wall Street’s most important lender CEOs, from Jamie Dimon at JPMorgan to Brian Moynihan at Bank of America, ended up talking a recession as the “central scenario” as portion of earnings reports on Friday morning. It may be a “mild” a single, as Moynihan predicts, but from the globe of world wide trade, there are […]
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What’s next for global economy after an ‘unusually slow’ holiday quarter: Forward Air CEO
Forward Air shares are delivering on something few companies have as the year draws to a close. The stock is beating the Dow Jones Transportation Average and the S&P 500 in the fourth quarter. The trucking and logistics company, which counts Home Depot and Delta Air Lines among its customers, receives 30% of its revenue […]
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