Thursday, March 30, 2017

Making America Great Again -- Walmart To Build $135 Million Import Distribution Center At Mobile, AL -- March 30, 2017

From Benchmarkmonitor,
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:
My favorite, of course, is The New York Times article in which the reporters were not convinced the expansion will succeed. Sort of like the Times article on natural gas revolution (Marcellus and Utica) being a hoax/scam. Wow.

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.

4Q16 GDP 

Most recent estimate edged up from 1.9% to 2.1%. Break out the champagne. LOL.

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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