Afternoon Coffee: East Coast Port Activity Slows, Uber Brings Food Delivery Service to San Francisco

coffee

Activity at East Coast ports is slowing down after spiking earlier this year due to West Coast port woes. The Georgia Ports Authority reported the Port of Savannah saw shipping container volumes slow to 10.3% year-over-year in July, down from the 23.3% growth seen in June. At the Port of Virginia, the 20-foot equivalent unit (TEU) volume was up 8.8% last month compared to the 14.5% in June.

Uber launched it food delivery service UberEats in San Francisco this week. The quick, on-demand food service is already offered in New York, Chicago, Los Angeles, Toronto and Barcelona.

Despite its disappointing profits during the second quarter, Wal-Mart Stores Inc. said inventory management is one successful area of the business. Inventory grew 2.2% during the quarter from a year earlier and the company said it has been storing more inventories at distribution centers than at actual stores, which offers more flexibility.

The consumer price index increased 0.1% in July, which was less than economists expected. The CPI is also lower than the 0.3% rise in June.

 

SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels

Discuss this:

Your email address will not be published. Required fields are marked *