The American Prospect: The Shipping Point

July 21, 2009: On May 14, Wal-Mart released its first-quarter financials for 2009 and announced that despite the recession -- or, perhaps, because of it -- business was booming. Shoppers in search of cheaper products had been flocking to its stores: A full 17 percent of its customers during the quarter were first-timers. The company had been able to exploit the downturn by reducing its legendarily bare-bones distribution expenses by an additional 5 percent. In keeping with its practice of compelling its manufacturers, shippers, truckers, and warehouses to continually cut costs, Wal-Mart had been able to "sweat the assets" in its distribution network more than usual, said Eduardo Castro-Wright, head of the company's U.S. division.

Click here to read more at The American Prospect.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Remembering Dr. Martin Luther King Jr.

As the country honors the life and legacy of Dr. Martin Luther King Jr., we remember his often ignored contributions to the labor movement. Dr. King understood the ties between labor rights and civil rights. He gave his life while supporting striking sanitation workers in Memphis, Tennessee. He spoke firmly against right-to-work laws, saying that “in our glorious fight for civil rights, we must guard against being fooled by false slogans, such as ‘right to work.’ It is a law to rob us of our civil rights and job rights.”

First John Coli, Now Becky Strzechowski

Chicago Teamster power broker and former Hoffa administration VP Becky Strzechowski resigned from all her Teamster positions today. Can a federal indictment be far behind?

View More News Posts