0 Comments By Paul Page Paul Page The Wall Street Journal BiographyPaul Page @PaulPage [email protected] Oct. 17, 2018 10:41 a.m. ET Sign up: With one click, get this newsletter delivered to your inbox. Consolidation isn’t paying off so far for Japan’s big container shipping lines. The Ocean Network Express business formed from the country’s big three carriers expects to lose $600 million in its first year of operations, the WSJ’s Costas Paris reports, the biggest in a series of financial setbacks by carriers this year. The operation known as ONE says it struggled with “teething problems” with new technology systems and staffing—hurdles common in mergers. But the shipping line has also been hamstrung by tough shipping market conditions that have undercut a rebound in container shipping. Fuel prices are soaring, and an early surge in peak-season shipping driven by trade tensions came just as ONE was trying to get its bearings. … [Read more...] about Today’s Logistics Report: Shipping Consolidation Losses; Rising Labor Costs; CSX Precision Profits
There's no template guiding who gets paid what among city governments in the Tampa Bay region.In fact, the man who runs the smallest of the region's Big Three cities makes a lot more than the man who runs the biggest.And two of them supervise payrolls that actually have shrunk in the past 10 years while one is paying out a couple of million dollars more.One factor, though, is crystal clear in its consistency: All three city executives are bargains compared to private-sector peers overseeing similarly sized work forces, said John Daly, professor at the University of South Florida's School of Public Affairs."These are people that are running substantial organizations," Daly said. "I cannot imagine someone in the private sector with same level of responsibility being paid $200,000."In Clearwater, with a population of about 116,000, City Manager Bill Horne makes $202,660. That's more than his fellow Tampa Bay chief executives: Mayor Rick Kriseman in St. Petersburg, population 263,300, … [Read more...] about In post-recession era, cities in Tampa Bay are keeping a lid on payroll costs
Construction materials prices continued to climb in March, leading trade groups to warn that tariffs on steel and other goods could send construction costs even higher. U.S. Bureau of Labor Statistics data show the prices of construction materials rose 0.8 percent in March, and are up 5.8 percent from the same time last year. Prices for nonresidential construction materials ticked up slightly higher in March, by 0.9 percent, and are up 5.6 percent from last year. Rising materials costs could mean that contractors may have trouble increasing their profits despite the steady flow of work they expect to see in 2018, said Anirban Basu, ABC chief economist. Rising labor costs may also drive up the price of construction in the coming year. Meanwhile, suppliers of concrete and other materials have announced significant price hikes that will take effect in April. “A combination of economic momentum and dueling tariffs has served to accelerate construction input … [Read more...] about Price increases signal costly construction season in 2018
Earlier this summer, the federal Bureau of Labor Statistics released the results of its first Contingent Worker Survey since 2005. With all the talk these days about the gig economy, observers thought the survey would reveal a sharp rise. Recent estimates done by worker groups and corporate think tanks — like those by Upwork and the Freelancers Union, or by McKinsey & Co. — suggested that the number could be 30 percent to 40 percent of the workforce. So pundits, myself included, were shocked that the bureau reported that the share of contingent workers in the labor market fell from 10.7 percent to 10.1 percent. What gives? In 2005, Uber didn’t exist, and now it claims to have 3 million drivers. Where are all the Uber drivers, let alone the Task Rabbits and the Upworkers? The answer lies in how we define our terms. There is no consensus on who qualifies as a contingent worker, and that’s one reason the bureau is still missing the big picture on how … [Read more...] about What is ‘contingent work,’ exactly, and why are government labor statistics missing it?
10 Cost Saving and Effective Tips for Event Catering If there is an event, there has to be food and beverages. It can easily be said that without proper food, an event can never be complete. Events mean a large number of people and a lengthy catering bill. Thankfully, there are ways to keep the bill short and well within your budget. Cost Saving Tips for Event Catering Here are 10 cost saving and effective tips for shortening the event catering bill according to a top private chef. Cut The Time Short: If the duration of an event can be reduced significantly, the total costs can also be brought down effectively. It is very important for hosts to keep an eye on the timeline. Theme Based Promotions: You may also consider theme based promotions in which local restaurants can participate. Provide them with individual stations to serve their special dishes. Such restaurants will participate for free, and they will only charge for the cost of their products along with the time they spend … [Read more...] about 10 Cost Saving Tips for Event Catering