Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As 2023 seasonal hiring gets underway, some retailers are cutting back on workers while others are hiring more.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
Beijing warns economists to avoid discussing negative economic outlook after post-COVID recovery fizzles. FDI drops by $100 billion.
The Chinese government is cautioning economists against discussing deflation and decelerating economic growth, the Financial Times reveals. As foreign investment declines and China struggles to attain the rapid recovery it hoped for post-COVID, such directives have been passed down to economists, analysts, and researchers.
Key indicators show a concerning picture: a disappointing second-quarter growth, zero consumer price inflation in July, a surge in youth unemployment to 21%, and a staggering $100 billion drop in foreign direct investment in the initial quarter of 2023. Beijing recognizes these challenges but hasn't launched a significant stimulus initiative many experts deem necessary.
Source: Financial Times
3 - China's Q2 economic growth stands at 0.8%, a sharp fall from Q1's 2.2%. The current growth rate, equivalent to 3.2% annually, reflects one of the weakest periods in decades. Measures to stimulate demand are anticipated to be gradual in effect. #GDP #EconomicIndicators
— Victor-SQ (@victor5874u) August 8, 2023
China's Tech Leverage in the Global Supply Chain China has set export restrictions on two minerals, gallium and germanium, vital
The South is transforming into the US's new industrial heartland, with investments pouring into sectors such as EV battery production.
In an earlier newsletter, FreightCaviar wrote about a WSJ report on the unraveling of the US and China trade relationship.
NextDecade Corp pushes forward with its massive LNG export terminal project at the Port of Brownsville, aiming to transform South Texas's trade dynamics.
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