Railroad workers still hold substantial ‘anger and animosity’: Dennis Pierce
Brotherhood of Locomotive Engineers and Trainmen National President Dennis Pierce discusses the imminent rail strike amid a large rail union’s decision to reject Biden’s labor deal.
The United States Census Bureau announced on Wednesday that new orders for manufactured durable goods increased in October, despite persistent inflation and global economic instability.
Non-military new orders for capital goods increased by $1.7 billion, or 1.9%, totaling $91 billion, whereas ships rose by $1.1 billion to $83.9 billion in October. Moreover, inventories rose by 0.7% to 2$22.6 billion.
Orders for overall durable goods also went up by 1%, or $2.8 billion, totaling $227.4 billion. Previously, orders increased by 0.3% in September, a noticeable change between the two correlating months.
The survey indicates that companies, despite growing manufacturing costs, are looking to improve productivity through greater investments amid the uncertainty of a Federal Reserve interest rate hike.
NOTHER RAIL UNION REJECTS DEAL, ESCALATING STRIKE THREAT AHEAD OF HOLIDAYS