The U.S. is dotted with more warehouses than ever. But they are overwhelmed by record-level imports, a lack of workers and a shopping spree of unprecedented proportions.
Retailers are racing to get merchandise onto store shelves in time for the busy holiday shopping season. But with ports and warehouses overflowing, many orders are tied up in traffic.
The administration expects the Port of Savannah, the nation’s third-busiest importer, to be the first to take advantage of a policy change allowing ports to redirect about $8 million in funding to immediately address supply chain challenges, the official said.
Christmas trees may be in short supply this season due to supply chain issues and extreme weather events. But it's still worth holding out hope for a Christmas miracle.
The Fed left interest rates near zero on Wednesday but announced plans to start removing some of the support it has provided to the economy as inflation hits its highest point in 30 years.
Toy-makers are warning of emptier shelves and pricier toys this holiday season. Their supplies are ensnarled in floating traffic jams of container ships wallowing near key U.S. ports.
Finding a car to buy these days seems almost impossible. Dealer lots are emptier, prices are higher and shoppers are stressed out. Here's what to know.
Consumer prices jumped last month as businesses struggled to keep pace with booming demand, but the Biden administration and the Federal Reserve say the uptick in inflation is likely to be temporary.
