East Coast Port Strike “Halted”; Negotiations Set Through January 2025
The unions representing the U.S. Dock Workers & Port Operators agreed to an extension into January 15, 2025 this month, as the two sides get closer to a long term agreement. A multi-day strike made the unions’ position clear, and while ports are back to operational status, the new January deadline looms to make a […]
Consumers Rethink Pre-Election Purchases
Consumers are reportedly holding off on spending until after the election, leading businesses and producers to closely monitor anticipated demand and production schedules. While it remains to be determined which candidate would be better or worse for demand and the economy over the coming years, the fact of the matter is consumers, and therefore businesses […]
Container Shipping Costs Drop Amid Sluggish Demand
After a steady rise in global container shipping rates, recent months have seen a notable decline, with rates from China to the U.S. dropping by as much as 20%. The easing of rates is attributed to weakened demand and adjustments in shipping lanes in anticipation of potential disruptions from the pending East Coast port strikes […]
European Automotive Production Faces Mounting Struggles
European automakers are facing increasing challenges as borrowing costs rise, demand for electric vehicles (EVs) weakens, and the global economy remains sluggish. Recent reports from industry groups have highlighted shrinking profit margins and declining revenue for automakers, particularly in Europe. These issues have raised concerns about the future of automotive jobs and the sector’s stability. […]
Looming East Coast Port Strike: Billions at Risk as Deadline Approaches
A strike by longshoremen from Maine to Texas appears increasingly likely, with the October 1 deadline for a deal fast approaching. Despite months of negotiations, no agreement is in sight. The potential strike could disrupt supply chains and have a significant economic impact, with daily strikes potentially costing billions of dollars. While the government has […]
