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07 APRIL 2023 FEN Free Eagle Network - AGRICULTURE & TRANSIT-COMMERCE NEWS
CME: CHICAGO MERCANTILE EXCHANGE REPORT ::
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MAJOR CONGRESSIONAL NEWS:
BIDEN ADMINISTRATION ROLLS OUT $585 MILLION FOR WESTERN WATER PROJECTS The funding, provided in the 2021 bipartisan infrastructure law, will go toward 83 projects in Arizona, Colorado, Idaho, Montana, New Mexico, Nevada, Oregon, South Dakota, California, North Dakota, and Washington. The law provided $8.3 billion for water infrastructure projects over five years. Iowa Capital Dispatch 4/6/2023
READ MORE @ SUCCESSFUL FARMING
PLAIN-STATE DROUGHT ECONOMIC RELIEF:
NEBRASKA SOYBEAN BOARD ANNOUNCES DUSTLOCK MATCHING PROGRAM The Nebraska Soybean Board (NSB) will match up to $10,000 for selected locations that take part in the recently-announced Dustlock Matching Program. The NSB hopes the program will increase the use of Dustlock, a soy-based product designed to improve dust control and road stabilization on dirt and gravel surfaces.
Noah Rohlfing 4/6/2023 READ MORE @ SUCCESSFUL FARMING
FEDEX MAKE MUCH NEEDED IMPROVEMENT:
FedEx says air network restructuring to save $700M annually
FedEx said it aims to slash $700 million per year in costs through a massive overhaul of its air network, part of a larger corporate profitability initiative.
Eric Kulisch April 06, 2023 READ MORE @ FREIGHTWAVES
MORE ECONOMIC VICTIMS COVID-INFLATIONARY:
Virginia building fabricator, trucking firm folds amid economic uncertainty
90 employees and truck drivers lose jobs after DFI Systems Inc. failed to make payroll. DFI Systems Inc. President Marcus Gravely says soaring lumber prices, the costly decision to move the company headquarters during the COVID-19 pandemic and the inability to find new investors was the perfect storm that forced it to shut down in late March.
Clarissa Hawes April 06, 2023 READ MORE @ FREIGHTWAVES
TRAIN LENGTH & CREW SIZES GETS NEEDED ATTENTION:
Train length and train crew sizes see state legislative action
A Nevada bill restricting train lengths has been introduced, while Ohio Gov. Mike DeWine has signed a bill that mandates freight train crew sizes of at least two people.
Joanna Marsh April 6, 2023 READ MORE @ FREIGHTWAVES
RAILPORT INVESTMENT MADE IN VIRGINA:
Rail Roundup: Port of Virginia to invest $18M to upgrade facilities
The Port of Virginia has plans to expand capacity at its inland port and at the Richmond Marine Terminal, while CSX has reached a sick leave agreement with another union group.
Joanna Marsh April 6, 2023 READ MORE @ FREIGHTWAVES
INTERNAIONAL AIRFARE ABOUT TO GO UP, BE PREPARED:
More international flights: United Airlines expands service this summer
With United'sĀ international bookingsĀ 15% higher as ofĀ March than at the same time in 2022, the airline has ramped up service andĀ added close to 25 new routes to its summer schedule,Ā according to a news release.
Nathan Diller April 5, 2023 READ MORE @ USA TODAY
10 Worst U.S. Airports For Flight Cancellations This Week
If youāre traveling soon, itās helpful to check how your departing airport or chosen airline is stacking up in terms of cancellations. Forbes Advisor compiled data from FlightAware to find out which airlines and airports are experiencing the most cancellations this week.
Kelly Anne Smith Apr 6, 2023 READ MORE @ FORBES
MARCH JOBS & PAYROLL NUMBERS:
March Payrolls Preview: Are The "Strong Jobs" Lies Finally Over
While we expect a surprisingly ugly print - we would not be shocked if the BLS rerates payrolls to a negative number with a recession imminent - here is what Wall Street expects. THU APR 6, AT 5:20 PM READ MORE @ ZERO HEDGE | ARCHIEVED
MIKE ROME ARTICLE:
Mike Rowe: Americaās Favorite Apprentice
The host and executive producer of āDirty Jobsā dishes out job advice and celebrates the skilled workers who keep our country running...
THU APR 6, AT 9:20 PM READ MORE @ ZERO HEDGE
SHIPPING PROFITS LOOKING DOWNWARD:
Analysts See Continued Profit Declines for Shipping in 2023
As the investment community prepares for the start of earnings season with the first of the reports scheduled to be released as early as next week, speculation focuses on what the outlook is for the shipping industryās financial results. There has been extensive focus on the dramatic declines in container volumes and spot freight rates which changed the trend lines starting last summer. Industry executives in their outlooks all agreed that the bulb has passed, but the question remains how low will profits decline in 2023?
APR 6, 2023 7:01 PM READ MORE @ THE MARITIME EXECUTIVE
CHINA FLEXING MUSCLE:
China's Conduct is Driving a Realignment in the Indo-Pacific
On April 3, the Philippines government of President Ferdinand Marcos Jr formally unveiled four additional locations where US forces will be permitted to operate. Two of those locations, in Santa Ana and Lal-lo, are located in Cagayan, the Philippinesā northernmost province, approximately 440 kilometers from Taiwanās southern coastline.
Daniel R. Depetris THE LOWY INTERPRETER APR 6, 2023 8:22 PM
READ MORE @ THE MARITIME EXECUTIVE
CME CHICAGO MERCANTILE EXCHANGE NEWS:
LIVESTOCK-Sizzling cash cattle prices ignite rally in CME futures
CHICAGO, April 6 (Reuters) - Chicago Mercantile Exchange live cattle futures leapt to contract highs on Thursday as cash prices soared, stoking concerns about tightening U.S. supplies. Tom Polansek April 6, 2023
READ MORE @ MSN - Reuters
+ LIVESTOCK-CME cattle rise on higher cash price expectations; hogs hit new lows
CHICAGO, April 5 (Reuters) - Chicago Mercantile Exchange live cattle futures firmed on Wednesday on expectations for higher U.S. cash prices this week, as lean hog futures set contract lows, analysts said. Cash cattle were bid at about $168 per cwt in the ... Tom Polansek April 5, 2023
READ MORE @ MSN-Reuters
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