Perc Pineda headshot
Sep25

The Resin Tax moving through Congress threatens the Plastics Supply Chain and whole economy

This is not a drill. The U.S. Congress is considering a proposal to extract 20 cents per pound on plastic resins produced domestically. There are strong economic arguments against such a proposal, specifically how it affects jobs, consumption, and disposable income. My understanding of the proposal is that the resin tax will be collected from resin manufacturers. This increases the cost of business and puts 68,200 resin manufacturing...

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Felling Trailer for a Cause 2021 Winner image
Sep24

Kostreba backs the red with winning bid on the 2021 Trailer for a Cause Auction

Felling Trailers, Inc. conducted its ninth annual online auction of an FT-3 drop deck utility trailer to benefit a non-profit organization: the Minnesota Fire Fighters Foundation (MNFFF). A winning bid of $4,850.99 won the auction that ended at 7 pm on the 20th-anniversary remembrance of 9/11, Saturday, September 11th, 2021. The bid winner was Joe Kostreba of Sauk Centre, MN. Joe, a local contractor, has participated in the previous...

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Flux Power logo
Sep23

Flux Power announces $15 million Registered Direct Offering priced at a premium to market

Flux Power Holdings, Inc., a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today announced that it has entered into securities purchase agreements with several institutional investors, for the purchase and sale of 2,142,860 shares of its common stock and warrants to purchase up to an aggregate of 1,071,430 shares of common stock, at a purchase price of $7.00 per share and associated warrant,...

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Flux Power logo
Sep22

Flux Power’s FY 2021 Revenue increased by 56% to $26.3M; Gross Margins improved to 22.1%

Flux Power Holdings, Inc., a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today reported financial results for its fourth quarter (Q4’21) and fiscal year (FY‘21) ended June 30, 2021. Financial Highlights: Q4’21 revenue grew 33% to $8.3M compared to Q4’20 revenue of $6.3M FY’21 revenue increased 56% to $26.3M vs FY’20 revenue of $16.8M Q4’21 gross margin increased to 21.0% compared to 17.5%...

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Sep22

Port of Long Beach hosts Supply Chain Summit

Federal, state, local stakeholders discuss solutions to shipping congestion Transportation and goods movement officials and other stakeholders gathered Tuesday at Port of Long Beach headquarters to broaden efforts aimed at speeding up the movement of goods amid a historic cargo surge that started in July 2020. The California Supply Chain Success Initiative brought together federal, state, and local leaders within the goods movement...

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Meera Joshi headshot
Sep22

Women In Trucking Association announces FMCSA Administrator Meera Joshi to Keynote Annual Conference

The Women In Trucking Association (WIT) announced today that Meera Joshi, acting administrator of the Federal Motor Carrier Safety Administration (FMCSA), will be the closing keynote speaker at its upcoming in-person Accelerate! Conference & Expo November 7-9 in Dallas and virtual Accelerate! Conference November 17-18. Administrator Joshi will be addressing critical safety and productivity issues and opportunities facing the...

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American Association of Railroads
Sep22

U.S. Rail Traffic for the week ending September 18, 2021

The Association of American Railroads (AAR) has reported U.S. rail traffic for the week ending September 18, 2021. For this week, total U.S. weekly rail traffic was 505,622 carloads and intermodal units, down 3.1 percent compared with the same week last year. Total carloads for the week ending September 18 were 234,790 carloads, up 3.5 percent compared with the same week in 2020, while U.S. weekly intermodal volume was 270,832...

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