Wal-Mart Stores, Inc. has confirmed plans to build an $135 million import distribution center at Mobile, Alabama, that’s expected to help US Gulf ports expand their foothold in containerized shipments from Asia. Gulf ports’ share of full container imports from Asia grew to 2.85 percent in 2016.From earlier posts:
- December 10, 2016: a big deal
- July 29, 2016: the Panama Canal -- it's just beginning
- June 24, 2016: what if it doesn't work as advertised
So much for slow-downs and strikes at the Los Angeles - Long Beach ports.
I know I'm making too much of this, but of all the business stories this week, I think this Walmart announcement to build a $135 million import distribution center at Mobile, AL, may be the biggest story of the week. Seriously.
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4Q16 GDP
Most recent estimate edged up from 1.9% to 2.1%. Break out the champagne. LOL.
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Too Little Too Late
From Wendy's via Twitter: "So you'll still use frozen beef in MOST of your burgers in ALL of your restaurants? Asking for a friend?" LOL.
But seriously, is that the reason you will decide to visit / not visit McDonald's? LOL. The hamburgers I get from Omaha Steaks are all frozen and they are incredibly good. Fresh vs frozen is obviously over-rated.
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