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News & Articles By Cassie B.
02/14/2022
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By Cassie B.
Port of Long Beach still not operating 24/7, despite Biden’s promise
Back in October, President Biden promised that the crucial American cargo facility at the port of Long Beach would shift to an around-the-clock schedule to help with the backlog of cargo ships that is wreaking havoc on supply chains. However, the port’s executive director, Mario Cordero, revealed this week that this still has not come […]
01/26/2022
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By Cassie B.
Survey finds most global CEOs expect inflation to last through 2023 and beyond
Inflation is a top concern for many CEOs around the world right now, and many of them say they believe it is unlikely to go away anytime soon. In Conference Board’s C-Suite Outlook 2022 report, inflation was the second greatest business concern reported by global business leaders who were polled, coming in behind COVID-19 disruptions. […]
12/23/2021
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By Cassie B.
U.S. inflation tops OECD countries as Biden’s economic ratings plummet
In another sign that the economy’s downward spiral is incredibly serious, recent data shows that the U.S. economy noted the highest level of inflation this year among the 38 countries in the Organization for Economic Cooperation and Development, or OECD. America’s Consumer Price Index annual growth rate of 6.2 percent in the 12 months that […]
12/22/2021
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By Cassie B.
More last-minute shoppers are heading to local shops as supply chain problems continue
Supply chain woes are driving many Americans to rediscover the joys of shopping local, particularly in smaller stores. Throughout the country, local shops are reporting more in-store traffic for last-minute shopping as many people find the items they seek are out of stock at big-box retailers and online or will arrive too late for the […]
12/08/2021
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By Cassie B.
Inflation and supply shortages could get worse thanks to omicron hysteria, OECD warns
The hysteria over the omicron coronavirus variant is threatening to cause a serious global slowdown, the Organization for Economic Cooperation and Development (OECD) has warned. The economic think tank said that a renewed wave of the pandemic could exacerbate the existing strain on the economy due to high inflation levels. Researchers are still working to […]
11/23/2021
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By Cassie B.
Recruiting senior drivers could alleviate truck driver shortage, port backlogs
As the current supply chain backlogs continue, the problem of truck driver shortages is gaining a lot of attention. Although it has never been easy to find people willing to drive trucks, the problem has become particularly pronounced since the beginning of the year. The American Truckers Association reports that the U.S. is currently noting […]
11/19/2021
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By Cassie B.
Americans are losing recent wage gains due to inflation surge
The rises in Americans’ average hourly earnings we’ve seen recently have been completely wiped out by inflation – and then some. It sounded like good news when the Labor Department reported that the average hourly earnings for American workers had risen by 0.4 percent in October, but they have since reported that October’s top-line inflation […]
11/18/2021
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By Cassie B.
4.4 Million Americans quit their jobs in September, largely due to pandemic stress, childcare challenges
Data from the United States Job Openings and Labor Turnover report shows that a record 4.4 million American workers left their jobs in September 2021, and Bankrate’s August job seeker survey found that more than half of American workers polled intend to seek a new job in the coming year. With inflation rising and the […]
11/17/2021
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By Cassie B.
Prices of used tractors surge as month-long John Deere strike continues
Used tractor prices are surging as the nearly month-long strike at 12 Deere & Co Midwest factories has led to a shortage of new tractors and parts that has left farmers with little choice but to turn to secondary markets. A popular index of used farm equipment values, The Machinery Pete Used Values Index, rose […]
10/29/2021
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By Cassie B.
“Crazy” new California port fees could be catastrophic for carriers, shippers and consumers
As congestion continues to be a major problem at the ports of Los Angeles and Long Beach, shippers are now expressing concerns about a surprise emergency fee that has been imposed on containers that stay at terminals for too long – and they say the fallout could be catastrophic. In a bid to clear docks […]
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