The National Retail Federation (NRF) has released insights projecting unprecedented consumer spending on back-to-school and college items for the upcoming summer. According to the NRF’s annual survey conducted by Prosper Insights & Analytics, back-to-school spending is estimated to reach $41.5 billion this year, surpassing last year’s $36.9 billion and the previous record of $37.1 billion […]
Read MoreIn the first four months of this year, Mexico has once again solidified its position as America’s top trading partner, facilitating a staggering $263 billion worth of goods exchanged between the two nations. This robust trade with Mexico accounted for 15.4% of goods exported and imported by the US, surpassing trade totals with Canada and […]
Read MoreUS Treasury Secretary Janet Yellen’s visit to China has sparked optimism in Beijing that the Trump-era tariffs on Chinese imports could see some alleviation as she endeavors to improve relations between the two countries. However, the presence of robust anti-China sentiment within the US may pose significant obstacles to the realization of such tariff cuts. […]
Read MoreTrade activity at the Port of Long Beach (POLB) experienced a cooling trend in June as retailers worked to clear their warehouses. Last month, dockworkers and terminal operators handled a total of 597,076 twenty-foot equivalent units (TEUs), marking a significant 28.5% decline compared to the same period in the record-setting June of 2022. Notably, imports […]
Read MoreThe British Columbia Maritime Employers Association (BCMEA) is delighted to announce that after productive negotiations, a tentative agreement for a new 4-year deal has been reached, acknowledging the valuable skills and contributions of B.C.’s waterfront workforce. While the agreement is still pending ratification by both Parties, specific details will not be disclosed at this time. […]
Read MoreOn July 30, there was an unexpected announcement from American firm Bolt Threads, revealing that the production of its mycelium-based leather alternative, Mylo, had come to a halt. Mylo had emerged as one of the most promising and innovative materials in the fashion industry. Notably, renowned designer Stella McCartney collaborated with Bolt Threads to test […]
Read MoreDuring fiscal year 2022 (October 1, 2021 – September 30, 2022), the Baltimore Field Office of CBP achieved a significant milestone by intercepting 239 stolen vehicles, surpassing all other CBP field offices nationwide. The total value of these vehicles amounted to nearly $11.5 million. This accomplishment highlights the effectiveness of CBP officers in preventing stolen […]
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