July 20 – Walmart Canada Announces Major Investment Walmart Canada has announced that it will invest CAD 3.5 billion on growth acceleration and customer experience over the next 5 years. Among the investment plans announced are renovations to 150 stores, a digitally connected shopping experience, growth in ecommerce scope, renovation of an existing distribution center and…
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Container Spot Rates Spike in June
Shippers are fed up with the carriers so-called capacity management strategy. The strategy of canceled sailings has resulted in thousands of US-bound containers being delayed in Asia. The lack of space available on ships has quickly driven spot rates to a 52-week high. The spot rates from Asia to US West Coast ports increased over $1000 in the last three weeks topping out…
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