The Conference Board Consumer Confidence Index®, which had decreased moderately in October, declined further in November. The Index now stands at 90.4 (1985=100), down from 99.1 in October. The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.6 percent in October to 124.1 (2010 = 100), following a 0.1 percent decline in September, and a 0.1 percent decline in August.
"Make yourself an honest man, and then you may be sure that there is one less scoundrel in the world."
– Thomas Carlyle
Ramp/Dock Report: December 2015
Coercion is defined as a party motivating a trucker to violate federal safety regulations by threatening their employment status or future work opportunities. Penalties for those found guilty of coercing drivers include civil fines of up to $10,000 per offense and the possibility of losing operating licenses and authority. Some in the industry have said that coercion is not a big issue and that coercion complaints are not all that common.A decision on whether BNSF Railway will be allowed to build an intermodal container transfer facility considered crucial to growth at the ports of Los Angeles and Long Beach could be made next spring. The decision hinges in part on a hearing last week on procedural issues involving a project that has been under study for the past decade.
BNSF's proposed 153-acre Southern California International Gateway (SCIG) would be constructed about five miles from the largest U.S. port complex. The location is adjacent to Union Pacific Railroad's Intermodal Container Transfer Facility that has been in operation since 1986. Intermodal yards such as the ICTF and SCIG transfer containers between vessels and trains.
Lessons from the Past
I have often written about King Solomon of ancient Israel.
This guy was reported to be the wealthiest, wisest and most powerful king Israel and Judah ever had. He wrote most of the Book of Proverbs, Song of Songs, and my favorite, Ecclesiastes!
In Ecclesiastes Chapter 7, beginning at verse 27 through verse 29, it reads (New International Version):
"Look," says the Teacher, "this is what I have discovered: "Adding one thing to another to discover the scheme of things- while I was still searching but not finding- I found one upright man among a thousand, but not one upright woman among them all. This only have I found: God made mankind upright, but men have gone in search of many schemes."
I know I will pay dearly for quoting this scripture, as I have a hard time understanding the moral and only Solomon could elucidate, but I always love hearing from you all, so any opinions are appreciated!
Have a joyous holiday season with a prosperous new year and for those who know the reason for the season; Merry Christmas!