Amazon.com abruptly stopped buying products over the past two weeks from many of its wholesale vendors, encouraging them to instead sell their products directly to consumers on Amazon’s marketplace.
March 7, 2019Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Amazon Purges Suppliers in Push to Boost E-Commerce Profits
Washington State Transport Package Sets Aside $450 Million for New I-5 Bridge
The Washington state Senate Transportation Committee passed a $15 billion transportation package March 6 that includes $450 million for a new Interstate 5 bridge across the Columbia River.
Port of Baltimore Tops 10 Million Tons of Cargo for Third Straight Year
The port of Baltimore had another historic year in 2018. The Maryland Port Administration’s public terminals handled 10.9 million tons of general cargo — more containers, cars, construction equipment and other cargo than ever before — surpassing 10 million tons for the third straight year, officials announced March 6.
How a US-China Deal Might Reshape Global Trade
President Donald Trump says he has asked China to immediately remove all tariffs on U.S. agricultural products in what could be a huge blessing for American farmers. But how will global trade flows change in the event of a deal?
March 7, 2019Companies Added 183,000 Workers in February
Companies added fewer workers to U.S. payrolls in February after a burst of hiring in the prior month that was stronger than previously reported, signaling that the labor market continues to underpin what may become the longest economic expansion on record this year.
Tesla Probably Can’t Make Money in China, Morgan Stanley Says
Investors should keep their expectations about Tesla Inc.’s ability to operate profitably in China “very low,” Morgan Stanley analyst Adam Jonas wrote in a note, adding that he’s cautious about the country’s role in the carmaker’s long-term strategy and fundamental value.
GM’s Cruze-Producing Ohio Plant Goes Idle
A sprawling General Motors assembly plant near Youngstown, Ohio, will be idled March 6 after more than 50 years producing cars and other vehicles, a move that will eliminate nearly 1,700 hourly positions by month’s end.
Maryland, CSX Apply Again for Federal Funding for Baltimore Tunnel Project
Maryland and CSX Transportation have submitted another application for federal money to heighten the Howard Street Tunnel in Baltimore so it can fit shipping containers stacked two high on freight trains — a project long sought by the Port of Baltimore, officials announced March 4.
Target Soars as Rosy Full-Year Outlook Follows Brisk Holiday Sales
Target Corp. jumped the most in more than two months as it followed up strong holiday sales with upbeat projections for the current year, distancing itself from the travails of mall-based department stores.
Trump Plans to End Key Trade Preferences for India, Turkey
President Donald Trump announced plans to end key trade preferences for India and Turkey, in the latest move by the United States to counter what it calls unfair trade practices.