Abercrombie Q1 freight spending $15 million over forecast
Apparel company Abercrombie & Fitch's Q1 freight costs were over $15 million more than what was predicted.
Despite positions not being filled, worried executives are removing job listings
Job openings have been quietly closing, despite the position not being filled.
New CEO of FedEx prepares for June 29th shareholder meeting
Investors have been voicing concerns over China’s Covid-related lockdowns and growing labor costs for the company.
Amazon predicted to run out of FC workers by 2024
The company put too much effort into hiring over the past two years and has now found itself in a situation of high turnover.
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.
Used class 8 vehicles are retailing 40% lower than one year ago
Used Class 8 trucks were retailing 40% lower in May of 2022 than in May of 2021, according to ACT Research in their publication: State of the Industry: U.S. Classes 3-8 Used Trucks.
Customers and employees both require your attention
Employee engagement cannot be at the expense of customer satisfaction - or vice versa.
Tesla raises prices across the board
Tesla has increased the prices of their vehicles across the board, with an average increase of $6,000 retail.
Skilled vocational workers are far and few between
Vocational work has been treated as a joke for years by the educational system, and America is now suffering for it.
59.3% of manufacturing leaders fear a recession is likely within 12 months
The National Association of Manufacturers conducted a survey titled, “Q2 2022 Manufacturers’ Outlook Survey”, asking the leading manufacturers for their opinions on recession, inflation, hiring and China competition legislation.
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.
Wholesale prices up 10.8% this month
Wholesale prices used to be a “good deal”, until now.
The supply chain has always been this fragile
The pandemic brought supply chain issues squarely to the forefront of most Americans’ minds.
May’s Consumer Price Index has highest peak since 1981
With rising inflation, real wages declined 0.6% despite many wage increases given to employees.
4.4 million Americans quit their jobs in May
In April 2022, a near record-high of 4.4 million Americans threw in the towel, despite growing fears of a recession quickly approaching.
Rising costs cause transportation logistics companies to sweat
A recent Logistics UK survey dubbed, “the May 2022 Performance Tracker,” concluded that 75% of logistics companies are dealing with rising costs.
Flexport cargo insurance strategies may be the answer to your concerns
Cargo insurance is essential when it comes to ensuring some security during such trying and uncertain times for the supply chain.
“Shrinkflation” is in full effect
Your eyes do not deceive you - packaging is growing smaller.
$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.
