Cart

0

Stocks

“Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, says profit will be at lower-end of guidance”

“Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to be at the low end of prior guidance. The firm’s Denmark-listed shares had fallen… Continue Reading…

Economy

“Supply-Chain Snarls Leave Southern California Swamped in Empty Shipping Containers”

“The biggest export out of Southern California these days is air. And it is suffocating the supply chain. Hundreds of thousands of empty containers are filling marine terminals and truck yards across the region and tying up scarce trucking equipment… Continue Reading…

Economy

“Shipping Containers That Spent Weeks Aboard Ships Stuck At Ports Now Being Dumped In Nearby Neighborhoods”

“With the ports of Los Angeles and Long Beach now running 24/7 operations, a new problem has occurred. Many of the shipping containers that spent weeks onboard ships waiting to be unloaded are now being dumped in nearby neighborhoods once they’re emptied…… Continue Reading…