American factories flexed some muscle in April, boosting output by the most since February 2014 in broad fashion. Along with gains at mines and utilities, total industrial output was also the strongest in more than three years, Federal Reserve data showed Tuesday.
New applications for U.S. jobless benefits unexpectedly fell last week while producer prices rebounded strongly in April, pointing to a tightening labor market and rising inflation that could spur the Federal Reserve to raise interest rates in June.
After setting a new record high, a monthly gauge of freight moved by the nation’s for-hire transportation industry retreated, according to new Transportation Department figures.
Whole Foods Market Inc named a new chief financial officer and five independent directors who were not on activist investor Jana Partners’ slate, in a dramatic shakeup as the high-end grocer seeks to boost dwindling profits and a sagging stock.
The U.S. Conference of Mayors has formed a task force on infrastructure aimed at working with President Trump and Congress to develop and pass a major infrastructure package. The Task Force on Infrastructure will be chaired by Los Angeles Mayor Eric Garcetti, who was appointed by USCM’s president, Oklahoma City Mayor Mick Cornett.
The air cargo pharmaceuticals sector continues to grow strongly at double-digit rates while the global pharma industry is also expanding strongly. Industry players are meeting demand by investing heavily and putting plenty of resources, whether that be through gaining International Air Transport Association’s (IATA) CEIV Pharma certification, building specialist pharma facilities, or cool dollies to […]
U.S. wholesale inventories increased in March amid flat sales, confounding the government’s initial estimate of a modest dip. The Commerce Department said on Tuesday wholesale inventories rose 0.2 percent after increasing 0.3 percent in February. The department reported last month that wholesale inventories slipped 0.1 percent in March.
As Coca-Cola Co. Chief Executive Officer James Quincey settles into his new job, he’s facing a challenge that most of his predecessors never worried about: digital disruption. Consumers are increasingly shopping online, spending more time on mobile apps, and getting groceries delivered to their homes. And that’s hitting Coca-Cola in ways you might not expect.
Last autumn in two unrelated speeches at JOC conferences barely a month apart, senior executives from Hapag-Lloyd and Maersk Line took aim at the continuing problem of no-show containers, which can exceed 40 percent of a voyage’s booked cargo in extreme cases but can often account for 25 percent. “For every four bookings we get, […]
Trucking companies finding it hard to “seat” drivers in their tractors will have an even tougher time recruiting the skilled people they want to hire in the coming months. The latest employment data from the US Census Bureau shows they’re already struggling, with trucking payroll numbers flat in April even as the US economy expands […]
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