A significant consumer pullback is impacting ocean shipping, with logistics managers telling CNBC they have seen a 20% drop in ocean freight orders for September and October.
Swagelock, a distributor and fabricator of industrial fluid system products, has purchased the facility on Interline Avenue where it operates for $3.75 million
Though the health care and public assistance sector provides the most jobs, the Capital Region’s most important economic drivers arguably are petrochemical manufacturing, industrial construction and government.
Freight rail companies and workers have reached a tentative deal ahead of Friday’s deadline, avoiding a strike, at least for now, that could threaten progress to alleviate supply-chain snags and inflation.