Business, Technology

Solid Import Volumes Still Flow Through Port of Long Beach

The head of the U.S.’s second-busiest container seaport said he has seen no letup in import volumes, though there may be some slowing in coming months as high inflation and growing services spending threaten to temper consumer demand for goods.

Laura Curtis | Bloomberg News
April 7, 2022
Business, Technology, Equipment, Fuel

Lucid Sinks After Cutting Production Goal on Commodity Woes

Lucid Group Inc. slumped after lowering its production target for this year to between 12,000 and 14,000 cars, down from a previous goal of 20,000, citing “extraordinary” challenges with logistics and its supply chain.

Laura Curtis | Bloomberg News
March 1, 2022