Manufacturing output slips in April, reports ISM

The Institute for Supply Management (ISM) reported today in its April Manufacturing Report on Business that April Manufacturing output remained in growth modes, despite seeing declines in some of its key metrics. The report’s key metric, the PMI, dipped 2.5% to 52.8 (a reading of 50 or higher indicates growth), following a 1.1% increase from February to March, a 2.4% decrease from January to February and a 2.3% increase from December to January. While an uneven growth pattern remains intact,...

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Report: Amazon to roll out offerings to take market share from FedEx and UPS

For those that still think Amazon does not directly compete with the parcel duopoly of FedEx and UPS, a report in The Wall Street Journal today drives home the point that it may be time to reconsider that notion. The reason, according to the report, is that a new seven-days a week delivery network being introduced by the global e-commerce bellwether, aims to take customers from FedEx and UPS by zooming in on fuel surcharges and extra fees, which increase...

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