August 21 – Chinese Online Retailer Pindoudou Announces First Quarter Growth Strong second quarter growth with increase in revenue of 67% year-on-year was announced by Chinese online retailer, Pindoudou. The retailer credits growth with increased active monthly users which reached 568.8 million for the quarter, representing a 55% increase over last year. …
CONTINUE READINGArchives for August 2020
Container Spot Rates Reach Record Highs
There appears to be no end in sight to the recent surge in spot rates on containers moving from Asia to the United States. The market has seen six straight weeks of spot rate increases buoyed by increased demand. The August 1, 2020 spot rate to move a container from Asia to US West Coast ports has reached a 10-year high of $3,167. This represents a 121% increase over the August…
CONTINUE READINGCOVID Liability Protection and OSHA
For Senate Majority Leader Mitch McConnell (R-KY) and congressional Republicans, the “COVID 4” bill that Congress and the White House hope to pass by early August must contain liability protection from frivolous lawsuits for businesses, medical workers, schools and other entities. According to the Daily Mail, more than 770 COVID-based lawsuits had been filed by May 4 against…
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