Freight operators are bracing for a weak peak shipping season this fall, as they hold down costs during the period when companies usually start rushing goods through supply chains ahead of the holidays. Freight businesses say there are no signals, either on the sea or in the air, that there will be a peak season this year. A shipping surge also fizzled out last year when consumers pivoted toward services and retailers found themselves overstocked.
Ticket sales for the Women’s World Cup in Australia and New Zealand are continuing to shatter expectations, as nearly 1.6 million have been sold for the 64-game tournament as of last night. TV ratings are also hitting record highs despite time zone differences in major markets. Fox says more than 6.4 million people watched the U.S. women’s draw against the Netherlands on Wednesday night, making it the most-watched women’s group stage telecast.
Futures are higher after stocks closed lower yesterday. The Dow Industrials gave back 237, the Nasdaq fell 77 and the S&P 500 was down 29.
