Afternoon Coffee: Business Inventories Stagnant in August, Ports See More Empty Containers as Exports Fall

US business inventories remained unchanged in August, according to the Commerce Department. The news could be problematic for the economy, especially since sales slid 0.6% during August, as well, which represents the largest drop since January.

A third of all containers moving through the Port of Long Beach in September were empty. In all, the port handled 197,076 outbound empty containers, a sign of the negative impact the economic slowdown in China is having on the US.

Uber has released its UberRUSH delivery service in three new cities: Chicago, New York and San Francisco. UberRUSH was first launched in New York City in April as a pilot program. 

Speaking of Uber, a 23-year-old man in Maryland recently tried to use an Uber ride as a getaway car after he allegedly robbed a convenience store. The driver of the Uber was later released by police after they determined he had nothing to do with the alleged robbery.


SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels

Share on Procurious

Discuss this:

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.