Government, Business

Business Activity Shrinks Again in Moderate Contraction

U.S. business activity contracted for a seventh month, though at a more moderate pace, while a measure of input prices firmed in a sign of lingering inflationary pressures.

Augusta Saraiva | Bloomberg News
January 24, 2023
Government, Business

Trade Deficit Widens on Greater Imports, Drop in Exports

The U.S. trade deficit widened for a second month in October, as the value of imports increased and exports declined, which may weigh on economic growth in the fourth quarter.

Augusta Saraiva | Bloomberg News
December 6, 2022
Government, Business, Logistics

Mediterranean Shipping Co. Clashing With Machinists’ Union Over Seattle Terminal Duties

Mediterranean Shipping Co. filed a motion in late October with the National Labor Relations Board urging SSA Marine Inc. to assign tasks at the Port of Seattle’s Terminal 5 to the International Longshore and Warehouse Union.

Augusta Saraiva | Bloomberg News
October 31, 2022
Business

West Coast Dockworker Talks Imperiled by Seattle Labor Dispute

A dispute over the assignment of work at a terminal in Seattle is casting a shadow on the outcome of talks to reach a new labor contract between 22,000 dockworkers at 29 U.S. West Coast ports and about 70 employers.

Augusta Saraiva | Bloomberg News
September 27, 2022
Government, Business, Logistics

Imports to Port of L.A. Drop, Hinting at Weaker Demand

The number of containers arriving at the Port of Los Angeles dropped by the most since the early days of the COVID-19 pandemic last month, an early indication that consumer demand could be starting to moderate.

Augusta Saraiva | Bloomberg News
September 16, 2022
Government, Business, Logistics

US Retail Cargo Seen Cooling in Second Half as Inflation, Rates Bite

U.S. ports will see less retail cargo entering the country in the second half of the year as economic growth slows amid back-to-back interest rate increases and persistent inflation.

Augusta Saraiva | Bloomberg News
August 8, 2022
Government, Business, Technology

Manufacturing CEOs Want to Bring More Chip Production to US

Bringing more semiconductor production to the U.S. could help counter the global chip shortage, a survey by the Association of Equipment Manufacturers showed.

Augusta Saraiva | Bloomberg News
July 25, 2022
Government, Business

Trucker AB 5 Protest Hampers Operations at Port of Oakland

About 450 dockworkers did not report to work at California’s third-busiest port, Port of Oakland, July 21 as truckers protesting the AB 5 gig-work law blocked access to the operation for a fourth day.

Augusta Saraiva | Bloomberg News
July 21, 2022
Government, Business

AB 5 Trucker Protest Leads Oakland Port to Close Terminals

California’s third-busiest port, the Port of Oakland, shut down some of its gates and marine terminals for a third day July 20 as truckers protesting the AB 5 gig-work law that could take 70,000 drivers off the road blocked access to the operation.

Augusta Saraiva | Bloomberg News
July 20, 2022
Government, Business, Logistics

West Coast Dockworkers Extend Labor Talks

The union representing about 22,000 West Coast dockworkers and their employers will continue negotiations for a new labor contract past the July 1 expiration of their current pact and said the ports — among them the U.S.’s busiest — will keep functioning.

Augusta Saraiva | Bloomberg News
July 1, 2022