Remember when inflation was "transitory" and rising consumer prices were blamed on a supply chain breakdown in 2021? The Fed and macro investors became quite interested in the port crisis. The emphasis on bottlenecks prompted the Federal Reserve Bank of New York to launch the Global Supply Chain Pressure Index...
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There is no disaster relief for spot rates.
According to the National Truckload Index (NTI), national truckload spot rates climbed by 1.5% over the last week as the first hurricane to make landfall in the United States this year slammed the southwest coast of Florida. Similarly, national tender rejection rates seemed unaltered, showing that transportation managers have little...
The prosecution is still present in Nikola founder Trevor Milton’s fraud trial.
The prosecution rested its case in Trevor Milton's federal fraud trial on Friday, after three weeks of questioning witnesses who characterized the Nikola Corp. founder as a liar obsessed with the startup's stock price. If convicted on the most serious of four securities and wire fraud counts, Milton, 40, faces...