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☆ The US freight recession is showing early signs of recovery
▼ + stars: | 2024-10-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

JB Hunt beat earnings estimates for the first time in two years. AdvertisementTrucking company JB Hunt earned the approval of stock investors on Wednesday after a stronger-than-expected earnings report showed demand is coming back. AdvertisementThese struggles have translated into weak market performance for JB Hunt and other freight carriers. AdvertisementGoing beyond JB Hunt, there has been other data suggesting better prospects ahead. DAT Freight & Analytics' trucking volume index rose year-over-year for all three different categories of freight equipment for the 12 months ended in September.

Persons: JB Hunt, —, It's, Shelley Simpson, Nicholas Hobbs, Ken Adamo Organizations: Service, JB, DAT, Analytics

☆ Taylor Swift, Rihanna, Blackpink's Lisa: Celebrities spotted at Coachella 2024
▼ + stars: | 2024-04-15 | by ( Amanda Goh | Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +9 min

The annual Coachella music festival, held in Indio, California, is underway. Here are the celebrities who have attended the music festival so far. The likes of Jeff Bezos and Lauren Sanchez, Taylor Swift, and even Blackpink's Lisa have been spotted among the audience. Here are the celebrities who have been seen enjoying Coachella 2024 so far. Taylor Swift and Travis KelceTaylor Swift and Travis Kelce at Neon Carnival held during the Coachella Music and Arts Festival on April 13, 2024 in Thermal, California.

Persons: Taylor Swift, Rihanna, Lisa, —, Lana Del Rey, Tyler, Jeff Bezos, Lauren Sanchez, Travis Kelce Taylor Swift, Travis Kelce, Gilbert Flores, Swift, Jason, Lauren Sánchez, Kris Jenner's, Corey Gamble, Lana Del Rey's, Rocky, Shakira, Blackpink's Lisa LISA, BLACKPINK, Bizarrap's, Blackpink's Lisa, Blackpink, Barry Keoghan Barry Keoghan, Tommaso Boddi, Sabrina Carpenter's, Keoghan, Carpenter, Justin Bieber, Jaden Smith Bieber, Smith, Hailey Bieber Hailey Bieber, Campbell Puckett, 🌵🎡, Rob e, mee, fou, ann u, e, Lew, tim e Organizations: Service, Billboard, Los Angeles Times, Coachella Music, Arts Festival, Getty, NFL, Coachella, AP, Valley Music, Arts, spo Locations: Indio , California, Thermal , California, Coachella, Singapore, fes, Fes

☆ Morgan Stanley ponders if Eli Lilly could be the first $1 trillion pharma stock on weight loss boom
▼ + stars: | 2024-02-16 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +3 min

On Friday, Flynn raised his price target on Lilly shares to $950 from $805. With Lilly's stock closing Thursday at $757.78, the target suggests 25% more upside ahead. LLY 1Y mountain Eli Lilly shares over the past year. "LLY is establishing high barriers to entry in the diabesity market," Flynn said, adding that this is what contributes to its higher valuation. Phase 3 data is expected on orforglipron in 2025, which Flynn sees as a catalyst for the stock to go higher.

Persons: Eli Lilly, Morgan Stanley, Terence Flynn, Flynn, Lilly, Mounjaro, — CNBC's Michael Bloom Organizations: Novo Nordisk Locations: diabesity

☆ Family-owned deli gains cult following on social media, now on pace to bring in $1.2 million in 2023
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFamily-owned deli gains cult following on social media, now on pace to bring in $1.2 million in 2023Joshua Dat, Owner of Dat's Deli, joins 'Last Call' and Make It Monday to talk about the viral success of his family-owned deli.

Persons: Joshua Dat

Officials have not yet released body camera footage of the most recent shooting, which occurred Tuesday afternoon, but residents of the southwest Baltimore neighborhood expressed outrage over what they called an unnecessary loss of life. The man, later identified as Hunter Jessup, started running and allegedly pointed a gun at police during the ensuing chase. The group said DAT officers treat them with disdain and routinely initiate negative interactions. Police leaders often commend officers for getting illegal firearms off the streets, and Baltimore gun violence overall has been trending downward in recent months. Daniel Webster, a professor at Johns Hopkins University’s Center for Gun Violence Solutions in Baltimore, said the success of specialized gun units often hinges on a focused approach.

Persons: “ They’re, ”, Rashawn McNeil, “, ” McNeil, Hunter Jessup, McNeil, Richard Worley, Jessup, ” Worley, Freddie Gray’s, Tyre Nichols, Daniel Webster, Webster, there’s, Lindsey Eldridge, ” Eldridge, Rashad McNeil, ” Rashawn McNeil, “ It’s Organizations: BALTIMORE, Baltimore Police Department, Police, Force, of Justice, Johns Hopkins University’s Center, Gun Violence Solutions, Webster’s, National Association of Criminal Defense Lawyers, Baltimore Locations: Baltimore, Jessup, Memphis

CNN —Nearly 3,000 people are dead, towns and villages are decimated and rescuers are trawling for survivors after a massive earthquake ripped through Morocco. The quake is the worst the country has suffered in decades and the full scale of its damage is yet to be understood. Friday’s disaster is the deadliest quake to hit Morocco in more than 60 years, according to EM-DAT, an international disaster database. In 1960, a 5.8 magnitude quake in Morocco with an epicenter in Adagir led to at least 12,000 deaths and 25,000 injuries. And in 1980, a 7.1 magnitude ground movement in Algeria followed by a tsunami caused more than 2,600 deaths and huge damage.

Persons: Fadel Senna, Ian, Paula Solloway Organizations: CNN, Getty Images, Kyodo, Getty, Authorities Locations: Morocco, Marrakech, Casablanca, North Africa, Adagir, Algeria, Medina district, Mosa’ab

Two long-time industry executives told Reuters that Yellow's rates were roughly 10% to 20% below those of rivals. Loads in the so-called LTL market do not trade on the spot market and they vary based on the type and size of shipments, they said. "Yellow was way below" market rates, said Ken Adamo, chief of analytics at DAT Freight and Analytics, which operates one of North America's largest truck freight marketplaces. Unlike the highly fragmented trucking market, LTL is dominated by about a dozen players. Some providers are already raising rates, which could send LTL rates up 10% to 15% from current levels, Pickett said.

Persons: Mike Blake, Ken Adamo, Chris Pickett, Pickett, Adamo, Thomas Schmitt, Schmitt, Lisa Baertlein, Marguerita Choy Organizations: U.S, Rivals, Reuters, Analytics, Flock, Walmart, International Brotherhood of Teamsters, Forward, Forward Air, Thomson Locations: Mexico, San Diego , California, U.S, North, Los Angeles

☆ A Zoom Call, Fake Names and an A.I. Presentation Gone Awry
▼ + stars: | 2023-08-07 | by ( Erin Griffith | More About Erin Griffith | ) www.nytimes.com time to read: +1 min

Arthur AI, an artificial intelligence company in New York, received a message in April last year from a start-up called OneOneThree. Yan Fung, OneOneThree’s head of technology, said he was interested in buying Arthur AI’s technology and wanted a demonstration. An Arthur AI employee recognized the name as belonging to a founder of Arize AI, a rival start-up. “That’s so strange — I don’t know how they could have possibly gotten the link,” the Arthur AI employee said. The new attendee quickly logged off, and Mr. Fung said he did not know Ms. Dhinakaran.

Persons: Arthur AI, Yan Fung, Arthur AI’s, Fung, Fung’s, Arthur, Karina Patel, Aparna Dhinakaran, “, Dhinakaran, ArizeAI, Dat Ngo, OneOneThree Organizations: The New York Times, Arthur AI Locations: New York

☆ New York City's viral diner is a family affair. See how dad, mom, brother and sister took Datz Deli from $300 a day in revenue to $7,000.
▼ + stars: | 2023-08-06 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Datz Deli of Queens is a family business making headlines for its unique menu items. It's home to the Dat Mac Patty, a Caribbean beef patty sandwich stuffed with meat and mac and cheese. But this one's unique food is projected to bring in more than $1 million in earnings in its first year open. I visited Datz Deli last month after witnessing more than a few viral posts gushing over its monstrous, yet delicious-looking, stuffed Caribbean-style beef patty sandwich. Here's my experience behind the counter and as a customer at Datz Deli.

Persons: Patty, Datz, Sunita Pherai, Joshua Dat, she'd, Dat Organizations: Service, New Locations: Queens, Caribbean, Wall, Silicon, —, New York City, Hollis Avenue

Yellow's demise underscores the shift in the U.S. trucking industry from too few trucks and truck drivers during the pandemic to too many today. Most U.S. trucking companies have about 20% spare capacity in their networks, Stifel analyst Bruce Chan said in a client note on Monday. Yellow struggled for more than a decade after loading up on debt from acquisitions of rival trucking firms Roadway and USF. Still, it is not good news for Yellow's customers, which likely will face double-digit price increases when they turn that business over to companies, Chan said. "If you weren't prepared for this, it's probably a pretty tough day for you," Adamo said of Yellow's customers.

Persons: Bruce Chan, Chan, Stifel's Chan, Donald Trump, Ken Adamo, it's, Adamo, Lisa Baertlein, Marguerita Choy Organizations: Yellow Corp, Walmart, Teamsters, Forward, TFI, FedEx Freight, Dominion, Apollo Global Management, Analytics, Thomson Locations: ANGELES, U.S, USF, Los Angeles

☆ This 31-year-old opened a New York City deli with his family—it's on pace to bring in $1.2 million in its first year
▼ + stars: | 2023-07-22 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

If you've seen one New York City deli, you could be forgiven for thinking you've seen them all. But at Datz Deli in Queens, customers line up for hours to get a taste of owner Joshua Dat's elevation of classic deli offerings. The 31-year-old opened Datz Deli in December 2022 with the idea to spice up quintessential New York staples like a Jamaican beef patty with flavors from his dad's native Guyana. "I wanted to be different," Dat says on the latest installment of CNBC Make It's "On The Job" series. "I wanted to give people something new to try."

Persons: you've, Joshua Dat's Organizations: CNBC Locations: York City, Queens, New York, Guyana

☆ How this deli sandwich brings in $165,000 a month in NYC
▼ + stars: | 2023-07-22 | by ( Mickey Todiwala | Elham Ataeiazar | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow this deli sandwich brings in $165,000 a month in NYCJoshua Dat, 31, is the co-owner of Datz Deli in Queens, NY. The deli brought in $165,000 in May 2023 selling sandwiches and it's on track to bring in $1.2 million in its first year. Its DatMacPatty sandwich, a Caribbean-style beef patty stuffed with homemade macaroni and cheese, has developed a cult following on social media.

Persons: Joshua Dat Locations: Queens , NY, Caribbean

☆ Extreme weather in Latin America unlocks vicious cycle that further fuels climate dangers
▼ + stars: | 2023-07-05 | by ( Nelson Acosta | ) www.reuters.com time to read: +2 min

HAVANA, July 5 (Reuters) - Extreme weather is wreaking havoc across Latin America, racking up billions worth of damage and unleashing a vicious cycle that leads to higher demand for fossil fuels and more climate change, the World Meteorological Organization said on Wednesday. Temperatures have warmed an average 0.2 degree Celsius per decade over the past 30 years – the highest rate on record, according to the State of the Climate in Latin America and the Caribbean 2022 report. As temperatures rise, extreme weather events become more common, with often unexpected consequences that stoke climate change, the report said. “Many of the extreme events were influenced by the long-running La Nina but also bore the hallmark of human-induced climate change," said WMO Secretary-General Petteri Taalas. "We are facing increasingly strong impacts from climate change, but the decisions adopted in climate negotiations for the implementation of the Paris Agreement do not advance at the same rate," she said.

Persons: Petteri Taalas, Daniel Becerril, Elba Rosa Perez, Nelson Acosta, Dave Sherwood, Marguerita Choy Organizations: World Meteorological Organization, stoke, Nina, REUTERS, El Nino, for Research, Meteorological Institute, Environment, Development, Thomson Locations: HAVANA, America, Latin America, Caribbean, South America, Monterrey, Mexico, El, Havana, China, Cuba, Paris

☆ Stifling heat wave to grip U.S. South over holiday weekend
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

[1/2] People purchase ice during a heatwave with expected temperatures of 102 F (39 C) in Dallas, Texas, U.S. June 12, 2022. Some 35 million people in southern Texas, Louisiana and Florida were under excessive heat warnings, watches and advisories from Thursday through the three-day Juneteenth weekend, the National Weather Service said. The growing frequency and intensity of severe weather across the U.S. is symptomatic of human-driven climate change, climate scientists say. New Orleans residents woke up to a brutal 96-degree heat index, the weather service said in a tweet. Reporting by Brendan O'Brien in Chicago; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Shelby Tauber, RyDavis, Brendan O'Brien, Jonathan Oatis Organizations: REUTERS, U.S, National Weather Service, Reliability, of Texas, Thomson Locations: Dallas , Texas, U.S, Texas, Florida, Texas , Louisiana, Austin, Louisiana, New Orleans, Miami, Chicago

CHICAGO, May 17 (Reuters) - The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing and squeezed supplies of everything from toilet paper to pasta, but more than three years later, material shortages and hiring woes linger. Speakers from Walmart (WMT.N), Colgate-Palmolive (CL.N), Toyota (7203.T) and other companies will discuss their supply-chain strategies at the Reuters Events supply chain conference in Chicago on Wednesday and Thursday, as inflation and interest rate hikes threaten to tip the economy into recession. "Freight costs, logistics, have gone down significantly," said Mario Guerendo, who oversees global supply chain for vehicle engine maker Cummins Inc (CMI.N). After spending whatever it took to keep store shelves stocked during the early days of the pandemic, supply chain executives now are wringing out costs to shelter profits from eroding demand, said Alan Amling, distinguished fellow at the University of Tennessee's Global Supply Chain Institute. "That's a really good thing for the supply chain."

Speakers from Walmart (WMT.N), Colgate-Palmolive (CL.N), Toyota (7203.T) and other companies will discuss their supply-chain strategies at the Reuters Events supply chain conference in Chicago on Wednesday and Thursday, as inflation and interest rate hikes threaten to tip the economy into recession. "We've still got certain sectors that are up and some that are down, which was a feature of the pandemic," Croke said. That's even true within sectors, Croke added, pointing to recent manufacturing data, which remained depressed even as segments like motor vehicles reported gains. After spending whatever it took to keep store shelves stocked during the early days of the pandemic, supply chain executives now are wringing out costs to shelter profits from eroding demand, said Alan Amling, distinguished fellow at the University of Tennessee's Global Supply Chain Institute. "That's a really good thing for the supply chain."

☆ Economic growth likely was solid to start the year, but that could end the good news for a while
▼ + stars: | 2023-04-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The U.S. economy likely grew at a solid pace to start the year, though things are expected to get worse before they get better. "It shows an economy that so far is resilient, weathering all kinds of storms so far and growing at pretty close to potential. Where the growth is So far, consumers have managed to withstand the higher rates. "We expect a solid 2.3% (QoQ SAAR) increase in Q1 real GDP, with details that appear even more positive for the economic backdrop. Despite rising debt levels and the prospects that financing will become more difficult to come by, consumers are in fairly solid shape.

☆ Valentine's Day roses turn Miami, usually a freight desert, into trucking's busiest hot spot
▼ + stars: | 2023-02-12 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +4 min

The US will spend $25.6 billion on Valentine's day this year. "There's not a lot of freight in the South Florida markets," Robert Rouse, product manager for truckload freight marketplace and data analytics platform DAT Freight & Analytics, told Insider. The overwhelming majority of Valentine's day roses and carnations come from Colombia and Ecuador. The overwhelming majority of Valentine's day roses and carnations come from Colombia and Ecuador, which are conveniently just a few hours plane ride from Miami. Valentine's roses are to Miami what Christmas trees are to Oregon and North Carolina, or pumpkins to Illinois.

☆ The Fleurty Girl of New Orleans
▼ + stars: | 2022-12-05 | by ( Sponsor Post | Sponsored State Farm | ) www.businessinsider.com time to read: +5 min

LLauren LeBlanc Haydel founded Fleurty Girl in 2009 with a $2,000 tax refund and a vision for a different life. "I realized I'm going to start a t-shirt line about New Orleans and feminine cut t-shirts, and it's going to be called Fleurty Girl," Haydel said. Fleurty Girl / GettyBut it isn't just that leap of faith to which she attributes her early success. GettyThe exposure from the cease-and-desist letter gave Fleurty Girl the buzz it needed because locals ate up her merchandise, and wanted more. Fleurty Girl / GettyToday, Fleurty Girl has nine stores, including one online, that sells carefully curated products like socks, jewelry, shoes – and yes, t-shirts – from local and internationally loved brands.

☆ The Logistics and Supply-Chain Slowdown Has Begun. Here’s How to Take Advantage.
▼ + stars: | 2022-11-27 | by ( Paul Page | C.H. Robinson Worldwide Ceo Bob Biesterfeld | ) www.wsj.com time to read: +6 min

After the pandemic-driven surge in consumer demand that triggered a frenzy of shipping activity and skyrocketing prices, logistics and transportation companies are signaling a fast slowdown. The weekly Shanghai Containerized Freight Index, which measures shipping prices out of China, recently dropped to $1,443.29, about one-third the level it hit in early June. The jaw-dropping declines also measure the spot market prices. Most freight business moves on contract rates, and those long-term prices haven’t fallen nearly as fast as the spot market. Here are some tips for logistics and supply-chain managers to take advantage of a changing market.

Freight companies are preparing for what executives are calling a muted peak season, as dimming shipping demand from overstocked retailers ripples across U.S. shipping markets. Several big operators say they are seeing freight demand drop off rather than pick up heading into what is typically their busiest period of the year. Clothing retailer Ministry of Supply Inc. stocked up on inventory for the peak season with orders that arrived too late for last year’s winter season and items that arrived early this year. DAT Solutions LLC, a load board that matches trucks to available loads, said its index for spot market demand fell sharply from August to September, to the lowest point since February. “If you’re a carrier exposed to the spot market, you’re hurting.

☆ Climate Change Is Real. Markets, Not Governments, Offer the Cure. - The New York Times
▼ + stars: | 2022-10-28 | by ( Bret Stephens | Mr. Stephens Is An Opinion Columnist. Mr. Winter Is A Staff Photographer On Assignment In Opinion. | ) www.nytimes.com time to read: +32 min

worse-case, highest-carbon-emission scenario.” (The Intergovernmental Panel on Climate Change is the U.N. body that assesses climate change.) How do we weigh the risks of underreacting to climate change against the risks of overreacting to it? While he’s not an expert on climate change, he has spent decades thinking deeply about every manner of risk. That’s particularly true if climate change is akin to cancer — manageable or curable in its earlier stages, disastrous in its later ones. Maybe, I realized, in assessing my newfound concerns about climate change, my long-held beliefs might provide a solution — look to the market.

☆ Freight Operators’ Peak Shipping Season Is Crumbling
▼ + stars: | 2022-10-18 | by ( Paul Berger | Paul Page | ) www.wsj.com time to read: +7 min

The peak shipping season is fizzling as overstocked retailers cancel overseas orders and freight companies scale back expectations for heavy freight volumes heading into the holidays. Many retailers pulled peak season orders in early this year to avoid a repeat of 2021 when supply-chain congestion caused delays and product shortages during the holidays. Container shipping rates that hit record highs last year have also pulled back sharply, although they still remain above 2019 levels. The peak shipping season cascades down into package transport, as United Parcel Service Inc., FedEx Corp. and others typically handle growing volumes as the calendar counts down to Christmas. Citi analysts say they expect a “weaker peak season and a large amount of uncertainty in terms of the magnitude of demand.”—Esther Fung and Liz Young contributed to this article.

☆ Freight Operators’ Peak Shipping Season is Crumbling
▼ + stars: | 2022-10-18 | by ( Paul Berger | Paul Page | ) www.wsj.com time to read: +6 min

The peak shipping season is fizzling as overstocked retailers cancel overseas orders and freight companies scale back expectations for heavy freight volumes heading into the holidays. But a range of measures of shipping demand across the U.S. are sliding, freight rates are falling as a result, leading carriers to pull back capacity amid concerns a deeper downturn is coming. Many retailers pulled peak season orders in early this year to avoid a repeat of 2021 when supply-chain congestion caused delays and product shortages during the holidays. Container shipping rates that hit record highs last year have also pulled back sharply, although they still remain above 2019 levels. The peak shipping season cascades down into package transport, as United Parcel Service Inc., FedEx Corp. and others typically handle growing volumes as the calendar counts down to Christmas.

☆ Rail Shippers Brace for Potential National Strike
▼ + stars: | 2022-09-14 | by ( Paul Berger | ) www.wsj.com time to read: +6 min

Companies from food suppliers in the Midwest to retail importers across the U.S. are bracing for a potential national rail strike by seeking alternative transport to keep their supply chains running. Tens of thousands of American workers are on strike and thousands more are attempting to unionize. “We believe the potential for a rail work stoppage is growing,” Citi’s Christian Wetherbee wrote in a research note Wednesday. Other shippers will have to hold on to cargo if the rail network shuts down. U.S. railroads hauled more than 18,000 carloads of grains over the past week, according to the Association of American Railroads.

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