Afternoon Coffee: Detroit Could Become Logistics Hub for Midwest, Mexico Increases Auto Production in August

Coffee beans

Detroit could become a major logistics hub for the Midwest. Michigan officials are researching a $1.6 billion plan to transform 1,00 acres in southwest Detroit into a logistics district that would include facilities like warehouses, places for loading and unloading cargo and provide a home for shipping and delivery businesses.

Mexico’s auto industry ramped up production in August 7.7% compared to a year earlier. The country’s industry produced 292,271 units – a new record for the month.

California Gov. Jerry Brown has tweaked state legislation surrounding when a company can claim their products are “Made in the U.S.A.” The state law now reads more closely to the federal standard that “all or virtually all” of a product's parts must be made in the US and final assembly must take place here as well.

Consumer spending has remain fairly stagnant this year, with Gallup’s latest report on daily spending coming in at an average of $89 in August, close to the $90 and $91 reported since April. Gallup also reported August’s daily spending average was the lowest reading for the month since 2012.

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