Government, Business

Wholesale Prices Increase in June on Services Costs

factory worker with bowling ball Luke Sharrett/Bloomberg News

The gain in U.S. wholesale prices reflected higher food and services costs, signaling modest inflation, a Labor Department report showed July 13 in Washington.

July 13, 2017

Producer Prices Decline for First Time Since August 2016

Shiho Fukada/Bloomberg News

Wholesale prices in the U.S. declined in March for the first time since August 2016, a sign broader inflation will accelerate only gradually, a Labor Department report showed April 13.

Sho Chandra | Bloomberg News
April 13, 2017
Business, Logistics

Global Shipping Fleet Braces for Chaos of $60 Billion Fuel Shock

Rogan Ward/Reuters

Little more than 2½ years from now, the global fleet of merchant ships will have to reduce drastically how much sulfur their engines belch into the atmosphere.

Firat Kayakiran | Bloomberg News
April 5, 2017
Business, Logistics

Shipping Stocks That Soared After the Election Have Now Tanked

Shortly after Donald Trump was elected president Nov. 8, the stock prices of a slew of shipping companies soared by more than 1000% on hopes that commodity prices would rise and U.S. manufacturing would rebound, spurring a surge in shipments of everything from iron ore to computer parts.

Julie Verhage | Bloomberg News
March 14, 2017

Producer Prices Climbed in February More Than Forecast

Luke Sharrett/Bloomberg News

U.S. producer prices rose in February more than forecast, while costs increased from a year earlier by the most since March 2012, signaling inflation is picking up, a Labor Department report showed March 14 in Washington.

Sho Chandra | Bloomberg News
March 14, 2017

Fix for Mississippi’s Crumbling Transportation System Not Expected Soon

Matthew Nichols/Flickr

A comprehensive plan to deal with what many say is a deteriorating transportation system in Mississippi most likely will not be passed during the 2017 legislative session.

Bobby Harrison | Northeast Mississippi Daily Journal (Tupelo, Miss.)
February 23, 2017
Business, Logistics

Shipping Industry Calls for Exemption from Carbon Market Reform

Tim Rue/Bloomberg News

The global shipping industry has urged the European Union to drop the sector's inclusion in proposals adopted Feb. 15 to reform the bloc's carbon market, saying it risks distorting trade and international efforts to cut the sector's emissions.

February 15, 2017
Government, Business

Mississippi DOT Presses for More Highway Spending

Mississippi DOT

The Mississippi Department of Transportation believes that an annual infusion of $400 million in additional funding is needed to ensure the continued viability of the state’s highways, roads and bridges.

Caleb Bedillion | Northeast Mississippi Daily Journal (Tupelo)
February 3, 2017
Business, Logistics

Sinking Shipping Industry Eyeing Mergers to Stay Afloat

Krisztian Bocsi/Bloomberg News

The global shipping industry is in the midst of a huge downturn, with weak demand engulfing it for the past few years. Experts acknowledge that the sector’s biggest hurdle is overcapacity, but the wave of mergers and acquisitions means the hard times will pass eventually.

Lin Wenjie | Asia News Network
December 2, 2016
Business, Logistics

Rising Cargo Rates, Bargain Prices Lift Secondhand Ship Sales From the Shallows

Thomas White/Reuters

Sales of secondhand ships used to haul commodities such as iron ore, coal, grain and fertilizer have hit a seven-year high in 2016 as the industry creeps out of an eight-year downturn that has sunk several fleets of shippers.

Keith Wallis | Reuters
November 30, 2016