With a strong jobs market, U.S. economy hangs on by a thread
The American job market continues to perplex experts.
The Infrastructure Bill may have passed, but at what inflationary cost?
While the 2,702-page, trillion-dollar infrastructure bill is quite the feat for the Biden Administration, it seems that it is one of the main catalysts in the highest inflation rate America has seen in 40 years.
US economy shrinks for 2nd quarter, inflating recession fears
Fears of a recession continue to grow as the US economy shrinks for the 2nd quarter of the year, contracting at a 0.9% annual pace.
Southern California’s Inland Empire saw a 9.4% annual inflation rate in May 2022
According to Labor Department's Consumer Price Index, the average inflation rate across all American urban areas was 8.6% for May.
ACT Research releases forecasts including a 2023 recession
ACT Research released its Commercial Vehicle Dealer Digest to forecast economic scenarios including a recession as we enter 2023.
Warehouse managers are looking to cut energy costs amid inflation
Don’t leave the lights on when you leave the room - rising energy costs are causing warehouse managers to reevaluate focus on operational tools such as forklifts and batteries, hoping to reduce expenses.
Is a recession on the horizon? It’s anyone’s guess
The Treasury Secretary, Democrats, Republicans, and the economists at Goldman Sachs have wildly different opinions on the US economy - is it running headway into the Great American recession?
Largest dip in diesel price since 2008
The Department of Energy’s Energy Information Administration released the latest weekly average retail diesel price as $5.268 a gallon, a 6.4-cent decline from the previous week.
Strong travel demand and high fares are forcing airlines to backtrack
Delta, American Airlines, and United are all cutting capacity to try and alleviate the situation.
Growing transportation costs have skyrocketing fuel surcharges to blame
The freight market’s price growth comes from the 9.1% inflation rate, increasing fuel surcharges, and seasonal issues.
Inflation doesn’t seem as “temporary” as the White House claimed it was in July 2021
President Joe Biden claimed that inflation would be a “temporary” roadblock one year ago, but it seems to be far from temporary.
Astronomical airfare is painful for travelers, but signals a healthier industry for airlines
Now that the Euro is equivalent to the U.S. dollar, many people want to book their European vacation - but the airfares are astronomical due to the rising fuel prices.
North Carolina is the best place for businesses
North Carolina is the United States’ number one state for business and boasts the strongest economy.
June inflation furthers recession concerns
Gas, food, and rent prices soared again in June, creating more urgency to resolve inflation issues and avoid a recession.
US travelers are ready to vacation, regardless of inflation and congestion
The desire to travel is stronger than ever, and the pent-up population is heading out for ‘revenge travel’ trips.
Fuel prices projected to stay volatile for awhile
Fuel prices are expected to remain high for quite some time.
Diesel prices drop for the 4th week in a row
Diesel prices continue to decline for the fourth week in a row, albeit very slowly.
Rest easy: the famous Costco hot dogs will not face a price hike
According to Costco club’s CEO, Craig Jelinek, the chain’s famous hot dogs will not receive a price hike.
Retailers scramble to get rid of excess inventory before holiday season
Retailers are struggling with excess inventory and rushing to get it off the shelves before the holiday season.
Global food shortages are the results of multiple supply chain failures
A global supply chain crisis is shaking an industry none of us can survive without: food.
