The Limit, Save, Grow Act of 2023
On April 26, the U.S. House of Representatives passed the Limit, Save, Grow Act of 2023 (H.R. 2811) to suspend the federal government’s debt ceiling through either March 31, 2024, or a $1.5 trillion increase when the current $31.4 trillion ceiling runs out, whichever comes first. It’s not unusual for Congress to raise the debt […]
Transpacific Contract Negotiations Finalized
The majority of ocean contracts covering containers moving between Asia and the United States have been finalized. The contracts being signed contain rates that are substantially lower than the rates that were finalized in April 2022. The previous two contract cycles saw spot rates skyrocket to record high levels before finally subsiding in the fall […]
U.S. Retail Intelligence – May
April 28 – Amazon Cites Expanded Home Selection in Reporting Q1 Profit Amazon turned to profits in the first quarter and beat Wall Street earnings and sales estimates with the e-commerce giant noting the contribution of an expanded home assortment led by a new Martha Stewart program. From: HomePage News April 28 – Time […]
