The Port of LB’s Channel Deepening Project approved by the Biden Administration with new bill
The Port of Long Beach’s Channel Deepening Project has been officially approved - along with four other projects nationwide - by the recently passed Water Resources Development Act (WRDA) of 2022.
South American Beef Inc. has filed for Chapter 11 bankruptcy
The West Des Moines, Iowa-based frozen meat importer filed its petition with the U.S. Bankruptcy Court last week, leaving many trucking and logistics firms out to dry.
Was the Paycheck Protection Program abused by American businesses?
James Pierson and Adam Andrzejewski penned an opinion piece for Newsweek on the matter, highlighting the pitfalls of the $787 billion appropriated to businesses under the Paycheck Protection Program (PPP).
Wholesale prices of used vehicles are at their lowest level in more than a year
The Manheim Used Vehicle Value Index is a method of tracking prices of used vehicles sold at its U.S. wholesale auctions. the latest metric shows prices have fallen approximately 16% from the record-high levels in January.
Lease rates for airport warehouses are soaring
Warehouses near airports are typically always used to support air freight shipments and imports due to their proximity to the airstrip.
The Federal Reserve raised rates again, but there may be some solace soon
fter hiking its benchmark interest rate by three-quarters of a point for the fourth time in a row, The Federal Reserve suggested that the next time this happens, it will be more deliberate in its rate hikes instead of taking “the standard” amount.
California ports looking forward to $1.2B state-funded infusion
The Ports of Long Beach and Los Angeles will be receiving major facelifts after California pledged $1.2 billion in infrastructure upgrades.
Truckers beware: leases that seem too good to be true… could be
Low-money or no-money-down leases and loans are attractive… even in a good economy.
Musk's Starlink looks to U.S. Government for financial assistance to keep Ukraine internet online
Earlier this year when Russia invaded Ukraine, Elon Musk & Space X stepped up to the plate.
FAA invests $31 million in air cargo infrastructure projects
The Federal Aviation Administration is opening its wallet and sending out $31 million in federal grants for nine different air cargo infrastructure projects at airports across the United States.
Oakland city may foot the bill for proposed Howard Terminal Ballpark Complex
Oakland, California residents look like they may be footing the bill for the newly-proposed Howard Terminal Ballpark Complex, despite Oakland city officials originally promising otherwise.
Wall Street embraces possible rate hikes into restrictive territory
The Federal Reserve has been raising interest rates incrementally to help fight off inflation, but it doesn’t seem to be working.
Investors are setting their sights on the supply chain industry
Since the beginning of 2022, the supply chain sector of the economy has been involved in 53 private equity interest infusion deals.
No more renting: used tanker ships are flying on the shelves
Used tanker ships are a hot commodity market as soaring freight rates prompt companies to choose to buy vessels instead of renting them.
Where do you go when you need to fund your small business?
Funding a small business can be a critical step in ensuring its success.
Vendors now have more opportunities for supply chain financing
The corporate supply chain finance market grew globally to a whopping $1.8 trillion in 2021 - a 38% increase from 2020.
Old shipping containers are locking in long-term leases
Shipping firms are recognizing that there’s money on the table, and they aren’t afraid to grab it.
Democratic Rep. James Clyburn claims U.S. turned a blind eye to fraud regarding the COVID SBA loan program
Democratic Rep. James Clyburn is placing the blame squarely on the Trump Administration for failing to prevent fraud involving the SBA-led Covid Relief program implemented in the early days of the Covid-19 Pandemic.
Congress aims to fortify SBA loans from fraudsters by passing 7 new bills
The US House of Representatives has passed 7 bills for small businesses to pay close attention to - two regarding PPP loans and another regarding COVID-19 Economic Injury Disaster Loan (EIDL) fraud.
$4.4 billion acquisition rejected by Ryder Transportation
Ryder Transportation, a major player in the trucking industry, has rejected a $4.4 billion takeover bid.
