Category Archives: Yahoo

Interim Hertz CEO Mark Fields is jazzed by the company's big deal with Tesla (which he has secured, despite Elon Musk's Twitter assertions) and is ready to get to work to rebuild the car rental giant.

"We are excited about the Tesla relationship. It's all wrapped around our strategy to lead the adoption of electric vehicles," the former CEO of Ford said on Yahoo Finance Live. Fields is credited with planting the seeds for Ford's EV pivot prior to his departure in 2017.

Hertz said in late October it had ordered 100,000 Tesla Model 3s, expected to be delivered late in 2022. The company is expected to rent out 50,000 of those cars to Uber to support its drive network. Tesla CEO Elon Musk then took to Twitter and said the contract hadn't yet been signed.

But Fields told Yahoo Finance Live all systems are go with Tesla, and that Hertz did order 100,000 Teslas.

A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021. REUTERS/Brendan McDermid

"So we are starting a great relationship with Tesla. We are also ready to partner with many other manufacturers to extend our lead in the adoptions of electric vehicles. But clearly we are going to work I think very collaboratively with Tesla. Importantly, our consumers really want to drive Teslas and we want to be there to be able to provide those products for them. We are very excited about the relationship going forward," Fields added.

The EV focus by Hertz will be crucial to it drumming up sustained investor interest after its re-IPO on Tuesday.

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Hertz returned to public markets today, after raising $1.3 billion in an offering that priced late Monday. Hertz sold 44.52 million shares at $29 each. It had expected to sell 37.1 million shares in a range of $25 to $29, per its prospectus. The pricing valued Hertz which exited a high-profile bankruptcy in June at $13.7 billion.

Shares of Hertz were trading at about $27 Tuesday afternoon.

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

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Hertz CEO on Tesla deal: We want to lead the adoption of electric vehicles - Yahoo Finance

Americans are feeling the impact of rising prices, and the companies leveraging price increases appear to be at odds over how long the inflationary pressures will last.

The Bureau of Labor Statistics reported on Nov. 10 that prices in October soared 6.2% year-over-year, the fastest annual rise in the Consumer Price Index since 1990.

Some of those inflationary pressures are coming from higher prices of oil, but the breadth of price increases across different types of expenditure categories suggests other factors at play.

Those at the Federal Reserve, the nations central bank, have used the word transitory to describe the dynamics at play. Those policymakers have blamed higher prices on supply issues linked to bottlenecks like limited microchip production and constrained ports.

[Read: What is transitory inflation Yahoo U]

In company earnings calls over the last few weeks, some executives sympathized with the view that this too shall pass (Team Transitory). But at other companies, concern is building that the supply chain may have dramatically transformed their businesses for good (Team Permanent).

Either way, the view inside these offices (that have the power to decide the price tags of their goods and services) is one riddled with uncertainty.

The t-word, I guess it shows people have different definitions of transitory, Whirlpool (WHR) CEO Marc Bitzer told Yahoo Finance on Oct. 22. I'm not quite sure how long you would define transitory these days.

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Sharpies and Rubbermaid

Newell Brands(NWL) CEO Ravi Saligram told Yahoo Finance on Nov. 2 that the company, which manages the markers and storage brands among others, has different ordering systems that have created a multitude of hassles amid the supply chain issues. CFO Christopher Peterson told analysts on Oct. 29 that it expects those pressures to last for a while, although it is projecting significant margin growth next year.

As we think about the planning for next year, we are not assuming that inflation is going to be transitory. We are assuming that inflation is going to be significantly above normal next year.

Corning glass and ceramics

Corning Incorporated (GLW) said that if you had asked its executives earlier in the year, they would have agreed that price pressures would end up being transitory.

But that tone is starting to change, CEO Wendell Weeks told analysts on Oct. 26.

Actually, it is mainly through conversations with our supply chain head as well as our investors that have led us to look at this and say, this may last longer than we had thought. And that this looks like we could continue to have challenged supply chains for the foreseeable future.

The company said it is starting to externalize that cost pressure through price increases.

Snowmobiles and ATVs

Polaris (PII) guided down on its adjusted gross profit margins, citing an escalating increase in input costs. CFO Robert Mack warned investors on Oct. 26 that it would have to resort to quickly adjusting its pricing for the model year 2022.

Just in the third quarter alone, our input costs from logistics, ocean and truck rates, commodities, labor rates and plant inefficiencies increased over $100 million, or approximately 580 basis points, when compared to the prior year third quarter.

Boots

Boot Barn Holdings (BOOT) CEO James Conroy said on Oct. 27 that the pent-up demand for boots at the retail chain seen earlier in the year is showing no signs of slowing.

Candidly, now after 32 consecutive weeks of this business, it's hard to say that it's transitory. And the growth has been so broad-based that it's kind of exhilarating to be honest, Conroy said.

Coffee

Starbucks (SBUX) executives said on Oct. 28 that rising commodity prices for coffee impacted the business in the quarter, warning that it was unsure when those inflationary pressures would subside. The surge in customer demand is likely one factor behind CEO Kevin Johnsons belief that the company has the room to raise prices if we need it. But Johnson warned that demand is a bit hard to track with customer behavior primarily driven by trends in COVID-19 itself.

As I think consumers start to see the Delta variance, the curve starting to slow, consumer mobility unfolds. So these are all transitory and they're unpredictable. It's all related to the pandemic.

Banking

The large banks have a strong pulse on the macroeconomic picture of the U.S. economy. Citigroup (C) CEO Jane Fraser told Yahoo Finance that although the transitory story is facing its own stress test, she feels the economy will be able to weather through the uncertainty.

Weve stopped hearing people say transitory, because it's feeling a tad longer than that. However if you look at the causes of it, they are ones the world economy will work through... the question is, therefore, does this become something more sustained. We wont know until next year. I dont think it will become a big issue but it's certainly something thats going to be choppy for the next while.

Fake meat burgers

Beyond Meat (BYND) reported on Nov. 10 that it saw weaker performance in its U.S. retail offerings. But the company described the macroeconomic picture as volatile, pointing to the fact that it had reported record net revenues in the quarter prior.

My comments are our best understanding of an environment that is characterized by rapidly changing and we believe, largely transitory dynamics, Beyond Meat founder and CEO Ethan Brown said.

The company pointed to labor shortages impacting restaurants serving its imitation meat products. But Browns comments suggest that the company doesnt see limited operating hours and menus at those restaurants lasting forever.

Real meat burgers

Red Robin (RRGB) increased its prices at an effective rate of 3.6% for the full year, citing staffing challenges that incurred $3.1 million in costs associated with hiring, training, and one-time bonuses and overtime pay. Company management said on Nov. 10 it expects those labor costs to be transitory, adding that the churn for workers (which tends to bid up wage costs) already appears to be slowing in its restaurants.

We've seen that turnover has actually begun to slow down also as we came out of the third quarter into the fourth quarter. So that's obviously helping our staffing efforts also, said CEO Paul Murphy.

TEAM ON-THE-FENCE

HOUSTON, TEXAS - JUNE 09: People wait in line for food at a Chipotle Mexican Grill on June 09, 2021 in Houston, Texas. Menu prices at Chipotle Mexican Grill have risen by roughly four percent to cover the costs of raising its minimum wage to $15 an hour for employees. The restaurant industry has been boosting wages in the hopes of attracting workers during a labor crunch. (Photo by Brandon Bell/Getty Images)

Burritos

Chipotle (CMG) had already increased menu prices so it could pay higher wages and cover higher commodity costs. CFO John Hartung said there is still upward pressure on the company, which could spur more cost increases. But for right now, the company wants to see how things play out.

It's just a matter of let's be patient, Hartung said on Oct. 21. Let's wait and see what holds and what is transitory, and we'll make the right moves at the right time, but we'll be patient about it.

Hotels

Hilton (HLT) CEO Christopher Nassetta said that whether or not inflation sticks around, the fact that consumers are seeing and expecting price increases means it has the ability to be more flexible on its hotel fares. For companies looking to increase margin, thats a good thing.

Obviously, we're in a more inflationary environment broadly, Nassetta said on Oct. 27. Thank you, Federal Reserve and the U.S. Congress, for fiscal and monetary stimulus. We could debate transitory or otherwise, but those things are translating into, broadly, a more highly inflationary environment. And that applies to us, too, and that obviously is helping from a pricing power point of view.

Brian Cheung is a reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz.

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What companies are on team transitory and team permanent? - Yahoo Finance

What comes to mind when you think of Cam Newton? The Superman pose? Handing footballs to kids in the stands behind end zones? Failing to dive on that crucial Super Bowl fumble? The curious, eye-melting font in his Instagram posts? Outfits that split the difference between the Met Gala and a Marvel movie?

All of those images, combined none of which involve Newtons actual football gifts are what make Newtons impending return to Carolina so compelling. Maybe hell lead Carolina back to the playoffs; maybe hell get just a couple more cheers from the teal-and-black faithful. Either way, hell almost surely close out a singular NFL career the right way, where it all began.

Newtons actual football abilities now rank low on the list of his best attributes, which is too bad. At his best, Newton exemplified an apex NFL predator, bigger than anyone faster and faster than anyone bigger, so far ahead of everyone else on the field that he could give them time to catch up and then still beat them.

Its fading further in the distance, but Newtons 2015 season remains one of the more remarkable individual performances in recent NFL history. Newton won the MVP for leading Carolina to a 15-1 record and a Super Bowl berth, throwing for 35 touchdowns and rushing for another 10. Hed come into the league as a promised next-generation dual-threat QB, and 2015 was the year he leveled up to his top form.

That Super Bowl loss dogged him, though, and so did injuries and whispers. He wouldnt ever hit the highs of that season again, and after a pain-riddled 2019, where he played in only two games, Carolina cut ties with him.

Cam Newton's coming home. (John Byrum/Icon Sportswire via Getty Images)

Bill Belichick saw him as a useful bridge between the Tom Brady era and Whatever Comes Next, but Newton wasnt meant to be a game manager. In August, just hours after Belichick declared that Newton was moving in the right direction, he decided to move Newton in the direction of the door.

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Almost no NFL career ends on a player's own terms. Most players don't get the chance to go out like John Elway or Peyton Manning, dropping the mic after winning a Super Bowl. Even so, the way Newton bounced out of the game a preseason cut felt unseemly for a player who'd revolutionized the game the way he had.

Newtons vaccination status likely played a part in Belichick's decision to cut him loose he wasnt vaccinated at the time, and as the Packers can now testify, an unvaccinated quarterback who either contracts or comes in close contact with COVID-19 is a week-long liability. Thats also surely why all early news reports have made prominent mention of his vaccinated status; if hes jabbed, he can take snaps immediately, without a waiting period.

Even when Newton suits up in his old No. 1 jersey its still available theres no guarantee hell be able to get this grounded ship back out into open water. He would join a team that ranks 27th in total offense at 318.7 yards a game, 26th in scoring at 19 points per game. The team has four wins, none of them truly notable the best might be over New Orleans in Week 2 and five losses, including two ugly blowouts at the hands of the Giants and Patriots. The question of how much of that is the fault of the quarterback and how much is the game plan and supporting personnel is yet to be answered.

If youre looking for shreds of hope, though, theyre already there. The Carolina defense is stout, ranking second in the NFL in yards allowed at 293.1 yards per game one of only two teams, along with Buffalo, to allow less than 300 yards per game.

More to the point, Carolina sits just a half-game out of the seventh playoff spot, behind the same 4-4 Atlanta Falcons that Carolina beat on Halloween. All is not lost, which is why Carolina is making the move now.

The back half of Carolinas season breaks out like this: somewhat easy, then very hard. After Arizona this weekend, the Panthers draw a winning trifecta of Washington, Miami and Atlanta. The Panthers close the year with a brutal quartet Buffalo, New Orleans and Tampa Bay twice. If Newton is going to get the Panthers headed in the right direction, hell need to get started well before then.

The odds are long against Newton taking the Panthers back to the promised land. His skills arent what they once were, and he doesnt have the supporting cast he had in 2015. But hell get the chance to go out with one more round of cheers, and someone who reached the highs he once climbed deserves that kind of sendoff.

_____

Jay Busbee is a writer for Yahoo Sports. Follow him on Twitter at @jaybusbee or contact him at jay.busbee@yahoo.com.

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Cam Newton deserved a better ending, and hell get it in Carolina - Yahoo Sports

COLUMBIA, Md. & DENVER, November 15, 2021--(BUSINESS WIRE)--BigBear.ai, a leading provider of artificial intelligence, machine learning, big data analytics, and cyber solutions, and Palantir Technologies Inc. (NYSE: PLTR), a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments, today announced that they have entered into a commercial partnership under which BigBear.ais and Palantirs products will be integrated to extend the operating system for the modern enterprise with data and AI that provide advice and other actionable insights for complex business decisions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211115005507/en/

As part of the integrated product offering, Palantirs Foundry platform will be integrated with BigBear.ais Observe, Orient and Dominate products, creating powerful machine learning extensions for the Palantir ecosystem that will provide global data collection, generate actionable insights and deliver anticipatory intelligence at enterprise scale to address high-growth federal and commercial verticals including space, retail, logistics and energy.

BigBear.ai will have an opportunity to extend Palantirs products with its forecasting, course of action optimization, conflation, computer vision, natural language processing, and other predictive analytics via low-code interfaces. Building upon the agility and scalability of Palantirs Foundry data and analytics fabric, BigBear.ais products will enable businesses to achieve return on investment faster with out-of-the-box optimization solutions for pricing, inventory and asset allocation, facility and operations management, and customer targeting all built to be sensitive to todays connected economy through the inclusion of BigBear.ais global data for situational awareness and competitive intelligence.

The parties also will explore taking joint products to market, which the companies anticipate would rapidly increase Palantirs addressable opportunities and accelerate BigBear.ais roadmap and sales channel. For example, exploring how BigBear.ais commercial space solutions could be deployed together with Palantir products in the federal government space. BigBear.ais near real-time observations of places, events, and other entities could be easily disseminated to Palantir customers and tied into business process automations and analytics.

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Brian Frutchey, BigBear.ai Chief Technology Officer, said, "We are thrilled to partner with Palantir to deliver a more robust range of capabilities to our respective customer bases at a time in which demand for AI and ML solutions is growing rapidly. We are confident that this partnership will accelerate BigBear.ais penetration into high growth markets, including commercial markets and the Federal government, and help us expand our existing customer relationships as well as attract new customers at this critical stage of expansion for BigBear.ai."

Akash Jain, President of Palantir USG, said, "We see immense opportunities to deliver more, faster for customers by partnering with cutting edge companies who can leverage Foundry as Infrastructure in their offerings. BigBears unique AI capabilities can achieve scalable distribution across government and commercial customers alike through Apollo and Foundry."

About BigBear.ai

A leader in decision dominance for more than 20 years, BigBear.ai operationalizes artificial intelligence and machine learning at scale through its end-to-end data analytics platform. The Company uses its proprietary AI/ML technology to support its customers decision-making processes and deliver practical solutions that work in complex, realistic and imperfect data environments. BigBear.ais composable AI-powered platform solutions work together as often as they stand alone: Observe (data ingestion and conflation), Orient (composable machine learning at scale), and Dominate (visual anticipatory intelligence and optimization).

BigBear.ais customers, which include the U.S. Intelligence Community, Department of Defense, the U.S. Federal Government, as well as customers in the commercial sector, rely on BigBear.ais high value software products and technology to analyze information, identify and manage risk, and support mission critical decision making. Headquartered in Columbia, Maryland, BigBear.ai has additional locations in Virginia, Massachusetts, Michigan, and California. For more information, please visit: http://bigbear.ai/ and follow BigBear.ai on Twitter: @BigBearai.

About Palantir Technologies Inc.

Palantir Technologies Inc. builds and deploys operating systems for the modern enterprise. Additional information is available at http://www.palantir.com.

Who dares, wins.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantirs expectations regarding the strategy, terms, and the expected benefits of the commercial partnership, product development or integration efforts, and customer opportunities. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of each partys management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond the parties control. These risks and uncertainties include the parties ability to meet the unique needs of their respective or joint customers; the parties ability to successfully market or sell their products and services to new or existing customers; the failure of the parties products, individually or as integrated, to satisfy their customers or perform as desired; the frequency or severity of any software and implementation errors; the reliability of the parties products, including any integrated product offerings; the ability to modify or terminate the parties commercial partnership; and customers ability to modify or terminate their contracts. Additional information regarding these and other risks and uncertainties with respect to Palantir is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Except as required by law, the parties do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211115005507/en/

Contacts

For BigBear.ai ReevemarkPaul Caminiti/Delia Cannan/Pam Greene212-433-4600bigbear.ai@reevemark.com

or

Lambert & Co.Jennifer Hurson(845) 507-0571jhurson@lambert.com

Caroline Luz203-656-2829cluz@lambert.com

For Palantir Lisa Gordonmedia@palantir.com

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BigBear.ai And Palantir Announce Strategic Partnership, Combining AI-powered Products With Next Generation Operating Platform - Yahoo Finance

Strong ESG practices result in inclusion on the Dow Jones Sustainability World Index

DUBLIN, Nov. 15, 2021 /PRNewswire/ -- Medtronic plc (NYSE:MDT), a global leader in healthcare technology, today announced its inclusion in the Dow Jones Sustainability World Index (DJSI World) as one of the world's leading companies for sustainability. The DJSI World Index includes a select group of companies based on their performance across a variety of sustainability criteria, including economic performance, environmental stewardship, social responsibility, and corporate governance.

(PRNewsfoto/Medtronic plc)

"As a mission-driven leader in healthcare technology, we see extraordinary possibilities to further increase our positive impact," said Geoff Martha, Medtronic chairman and chief executive officer. "Our environmental, social, and governance (ESG) efforts drive measurable impact on issues that accelerate access to healthcare technology, advance inclusion, diversity, and equity, and protect our planet."

"We congratulate Medtronic for being included in the Dow Jones Sustainability Index (DJSI) for DJSI World and DJSI North America. A DJSI distinction is a reflection of being a sustainability leader in your industry. The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is testament to the growing movement for ESG disclosure and transparency," said Manjit Jus, global head of ESG Research, S&P Global.

ESG performance targetsThis fiscal year (FY), Medtronic has unveiled new ESG performance targets across its top sustainability focus areas.

Access and innovation: Medtronic set a vitality index goal that by FY25, 20% of Medtronic revenue will flow from products and therapies released in the prior 36 months. In addition, the company has set a goal to accelerate access to healthcare by serving 85 million patients annually by FY25.

Inclusion, diversity and equity (ID&E): Medtronic aims to have 45% of global management positions held by women and 30% of U.S. management positions held by ethnically diverse talent by FY26.

Product stewardship: By FY25, Medtronic targets to reduce packaging waste for targeted high-volume products by 25%, compared to a FY21 baseline. Additionally, by FY27, it aims to minimize the impact of Instructions for Use (IFUs) through a 35% paper reduction, compared to a FY21 baseline.

Net zero carbon emissions: Last week, Medtronic announced its ambition to achieve net zero carbon emissions within its operations and across its value chain (scopes 1, 2, & 3) by FY45, building upon its existing goal of reaching carbon neutrality in its operations by FY30.

Patient safety and product quality: Medtronic will enhance product quality and patient experience by achieving a 10% reduction in aggregate product complaint rate for identified product families by FY25, compared to FY20.

Last month, Medtronic hosted its inaugural ESG investor briefing, where company leaders highlighted how the Medtronic sustainability strategy is strongly tied to the company's Mission and supports its long-term growth objectives. A replay of the event can be viewed on the company's website.

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In addition to the Dow Jones Sustainability Index, Medtronic also continues to be included in the FTSE4Good Index Series. Companies in the FTSE4Good Index Series have met stringent environmental, social and governance criteria, and are positioned to capitalize on the benefits of responsible business practices. More information can be found at https://www.ftse.com/products/indices/FTSE4Good.

More information about Medtronic's comprehensive sustainability efforts can be found in the 2021 Integrated Performance Report and by visiting https://www.medtronic.com/ourimpact.

About the Dow Jones Sustainability IndicesThe Dow Jones Sustainability Indices are a family of best-in-class benchmarks for investors who have recognized that sustainable business practices are critical to generating long-term shareholder value and who wish to reflect their sustainability convictions in their investment portfolios. The family was launched in 1999 as the first global sustainability benchmark and tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria.

Created jointly by S&P Dow Jones Indices and SAM, the DJSI combine the experience of an established index provider with the expertise of a specialist in Sustainable Investing to select the most sustainable companies from across 61 industries. More information about the DJSI can be found at https://www.spglobal.com/esg/performance/indices/djsi-index-family.

About MedtronicBold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission to alleviate pain, restore health, and extend life unites a global team of 90,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit http://www.Medtronic.com and follow @Medtronic on Twitter and LinkedIn.

Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

Contacts:

Erika Winkels

Ryan Weispfenning

Public Relations

Investor Relations

+1-763-526-8478

+1-763-505-4626

Cision

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Medtronic named to the Dow Jones Sustainability World Index - Yahoo Finance

(Bloomberg) -- No one in America knows the used tractor market better than Greg Peterson. Which, frankly, wouldnt be that much of a claim to fame -- outside the farming towns of the Great Plains -- in normal times.

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But these are not normal times.

The used tractor business is quickly becoming a crucial marketplace thats allowing farmers to keep harvesting corn, wheat and soy day and night at a time of insatiable demand from buyers in the U.S. and abroad. With the four-week-old strike at Deere & Co. factories exacerbating an already acute shortage of new tractors, the used market is the only place for many desperate farmers to turn.

Peterson, known to all as Machinery Pete, says this is the most frenzied hes seen the market in his 32-year career. At every single auction hes attended in the past month, records have been smashed on all kinds of makes, models and vintages. Machinery Petes Quarterly Used Values Index -- which Peterson created after Wall Street analysts kept calling him for on-the-ground intelligence -- soared to 9.5 in the third quarter, matching record highs set during the commodities boom a decade ago.

The index is up 22% in the first nine months of the year and poised to make its biggest gains yet in the fourth quarter, a boom thats turning a normally quiet corner of the farming market into Exhibit A of the inflation surge coursing through the U.S. economy. The market has all the ingredients fueling inflation in industries like cars and TVs -- soaring demand from cash-flush buyers, the semiconductor shortage, congested ports and rails -- with the added irritant of the labor stoppage at the worlds largest farm-machine maker.

The match is now lit, Peterson says, and its lit while theres a John Deere strike.

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Inflation in U.S. Builds With Biggest Gain in Prices Since 1990

Peterson, 55, is something of an icon in the tractor world. From his base in Rochester, a city in the southeastern corner of Minnesota, he crisscrosses the Midwest in his Dodge Ram pickup to cover dozens of auctions each year. In the past few weeks alone, hes hit Sleepy Eye, Minnesota; Cedar Lake, Indiana; Hamilton, Illinois; Keymar, Maryland; and both Calmar and New Hartford in Iowa.

Hes built a little empire out of the business. Theres the Machinery Pete Website; and Machinery Pete TV, a half-hour show airing weekly on YouTube; and the Machinery Pete quarterly industry report that he sells to investors. He even holds some auctions himself, which are called, of course, Machinery Pete Auctions.

His pitch to outsiders: Machinery Pete is to farm equipment what Kelley Blue Book is to cars, a statement that, while perhaps a tad hyperbolic, is broadly echoed by the many farmers who swear by his pricing data. Over the years, we developed our own marketplace, Peterson says.

Theres always, to be clear, something of a scramble for farm equipment, new and used, at the end of the year.

The tax code incentivizes farmers whove turned an annual profit to use some of that money to upgrade their machinery before the year is out. Its just that with prices on many grains surging to multi-year highs and crop sizes robust, farmers have raked in the biggest profits in years and yet have limited new supply to invest that cash in.

Peterson doesnt like to talk much about where his index could wind up in the fourth quarter -- his clients pay to get that information first, he says -- but all the bidding wars he marvels at from the latest auctions indicate it should easily climb from that record-tying 9.5 level reached in the third quarter.

The surge in used prices has gotten to the point now, some farmers say, where its starting to make them worry theyll struggle to find a tractor if they need one for the planting season next year.

One of the records that Peterson saw fall last week highlighted this angst. There was this John Deere tractor up for sale at the auction in Keymar. It was old -- built in 1998 -- but lightly used, having clocked fewer than 1,000 hours, and in pristine condition. The bidding started at $100,000 and quickly shot up to a final sale price of $170,000. Thats $25,000 over the previous record for that specific model. (Brand-new versions start at $205,000.)

The buyer was so desperate to get his hands on a tractor, Peterson says, that he drove all the way in from Illinois to bid on this one. When he won, he loaded it onto a trailer hitched to his truck and hauled it 12 hours back home.

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2021 Bloomberg L.P.

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Wild Bidding Wars Erupt at Used-Tractor Auctions Across the U.S. - Yahoo Finance

Cape Coral, Florida--(Newsfile Corp. - November 15, 2021) - Building on the success of the Floki hype is the newest Floki pup. Floki Rocket launched on 10th November 2021 by a very experienced team based working out of SPAIN/FRANCE/USA and ROMANIA. This team clearly understands that having a strong team and a proven strategy in place is fundamental to the success of their project. They pride themselves on their core team values of community, trust, transparency, and innovation. In line with their core team values of transparency, their team is fully DOXXED with full KYC verification.

Figure 1: Floki Rocket: The Future Looks Bright for Crypto Start-Up with High BNB Rewards on the Binance Smart Chain

In recent years, the cryptocurrency market has experienced substantial growth and expansion, leading to various products and a multitude of services. With innovations like decentralised finance (Defi) and NFTs now practically a household name, this has led the way for altcoins to enter the mainstream which has contributed to greater adoption of crypto in the world. This has its challenges and the emphasis placed on security is of the utmost importance for any new and existing investor, yet it is often difficult for newcomers to decipher the good from the bad. For this reason, Doxxing and KYC verification was an absolute must. The Floki Rocket team have created an innovative concept where investors no longer need to worry about their investment doubling to make profits, instead, they can earn a passive income from BNB rewards as they sit back and watch their portfolio grow.

Floki Rocket at its core is a low tax frictionless yield token that gives one of the highest BNB rewards directly back to their holders. Floki Rocket introduces a solid product incorporating trust and security from day one by creating something a community of crypto enthusiasts and investors believe in. Their liquidity has been locked for one year providing additional comfort for investors. It's hard to believe with the milestones reached that this token is less than a week old and going from strength to strength. Floki Rocket is primed to shake things up in the world of decentralized finance. Powered by a finely tuned contract, and a healthy dose of innovation, Floki Rocket is a frictionless yield token which rewards holders in BNB. $RFLOKI is the native utility token of the Floki Rocket Ecosystem and it forms the basis of the transaction activities on the platform. Floki Rocket is an RFI token-based project that has been created on Binance Smart Chain which utilises very low transaction fees. Floki Rocket rewards holders with $BNB tokens (BEP20) through static reflections. As such, out of the 12% tax, 4% is redistributed (shared) among token holders who hold Floki Rocket tokens on a percentage basis through static reflections. Holders can then utilise their Custom Wallet Tracker (Dapp) to Claim Dividends (BNB), Compound Dividends (BNB), see their balance of BNB and $RLOKI alongside the last BNB claimed and distributed. This wallet tracking decentralized app forms only part of their ecosystem, but provides holders with comprehensive visibility coupled with unrivalled utility. Perhaps one of the most exciting aspects of Floki Rocket aside from its smart tokenomics is the incorporation of NFTs into its ecosystem. The project will launch their own range of NFT collectibles which you can expect to see very soon.

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Floki Rocket has most definitely been creating waves in the Binance Smart Chain DeFi space, having already been listed on CoinGecko and CoinMarketCap within the first few days of trading whilst having a thriving and vibrant community behind it. Their Telegram group has hit over 11k members and even more impressively the holders of their native token $RLOKI has reached over 16k holders reaching an astonishing all time high marketcap of 18 Million dollars. Admittedly reward tokens are nothing new in the altcoin space. However, most of them lack an integral function that piques investors' interest - generating actual profitable returns. While many of those reward coins come and go, Floki Rocket's consistent performance through a high volume of trading providing an actual passive income for all holders. Aside from laying the grounds for an innovative and realistic roadmap Floki Rocket is also a community-driven project, reflecting not only high $BNB rewards but also the ethical status of their project and long-term goals. The developer and team have worked tirelessly to build a community of happy investors that are clearly focused on the long-term future of the project. The team have proven they do not shy away from a challenge, so be prepared to see new features added to their Ecosystem as they go alongside a future staking and farming platform and their upcoming NFT development with incredible custom NFTs.

Marketing Success and Momentum as we've never seen it!

Look how far they have come in less than a week since launching! This has been a very big week for the team and the community as they continue to make progress day by day going from strength to strength. It feels that they need to adjust their roadmap as they tick things off quicker than they could have imagined. Lets have a look at this week's achievement.

WEEK 1 ACHIEVEMENTS

Floki Rocket Future Plans

After a very successful launch of the Floki Rocket token, website, and marketing campaigns, the subsequent project and marketing phases look very promising. The Crypto Company has already been reaching milestone after milestone, and the team now have their sights firmly set on expanding on their efforts.

BIG UPCOMING MARKETING PLANS

Billboards will be up very soon near SpaceX for a full 2 weeks!

Second Billboard in NYC Times Square for 5 full days

Big Influencer Partnerships

Poocoin, Coinsniper Ads

Top Sponsor on DEXTools

Website: http://www.flokirocket.finance

Telegram: https://t.me/floki_rocket_official

Twitter: https://twitter.com/rlokirocket

Whitepaper: https://flokirocket.finance/Whitepaper.pdf

Media Contact:Dave RuizDave@CryptoKidFinance.comTelegram: https://telegram.me/cryptokidfinance

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103593

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Floki Rocket: the Future Looks Bright for Crypto Start-Up with High BNB Rewards on the Binance Smart Chain - Yahoo Finance

Jenny and her dog. (PA)

An ultra-fit personal trainer who mistook her tickly cough for COVID-19 only to discover she had eight malignant tumours including five in her brain is devoting the rest of her life to fundraising for research.

At just 36, Jenny Weller has never drunk alcohol or smoked, but received a diagnosis of lung cancer in September 2020.

Her doctors think it began to develop in late 2019, and in February this year Jenny, who lives with her husband Steve, 61, a depot co-ordinator, in Burgess Hill, West Sussex, was told she had around 18 months left to live.

The cancer was triggered by a mutation in the DNA of her lung cells caused by two genes fusing, copying themselves too often and creating cancerous cells which can spread throughout the body.

Determined to leave the world a better place, she is now using her athletic prowess to fundraise for essential cancer research and has already abseiled down Portsmouths Spinnaker Tower.

Jenny and friends cycling. (PA)

This isnt something we thought wed ever have to deal with," said Jenny. Nobody ever wants to hear that they havent got forever left to live. But, at the same time, Im happy with my lot. Ive achieved a lot of the things I wanted to do.

Im trying not to focus on what Im leaving behind, but rather on doing what I can while Im still here.

Jenny, who is fundraising with loved ones using the hashtag #wellerfest, first dismissed her dry cough at the end of 2019 as a seasonal cold and when COVID emerged, thought she must have had the virus.

The nature of personal training is that we take people outside in the cold and wet a lot," she said.

Watch: Mila Sneddon rides scooter to raise money for cancer

It wasnt unusual to have a cold or a cough at that time of year. Its just that this one didnt go away.

Still firing on all cylinders despite her cough, Jenny was happily running her business, a personal training studio called Rapid Results PT in North Chailey, East Sussex, and giving her all to life as usual.

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It was just a really dry irritating cough and it didnt really affect me unless I exerted myself, she said. If I was playing a sport I would cough, or when I was lying down trying to go to sleep Id cough a lot but other than that it didnt really affect me at all for a good few months.

Jenny on a run. (PA)

In March 2020, as the world plunged into lockdown, the coronavirus pandemic offered another explanation for Jennys mystery cough.

I just put the fact that I wasnt recovering down to either having had COVID, as no one had really been tested at the start, or that I was not sleeping enough because of the stress of closing the gym and transitioning to working online.

No one was really going to the doctor with just a cough at that point.

Read more: 'Why did Mummy die?' Grieving dad creates book of answers

As lockdown eased and she was able to work outside with clients again, her symptoms worsened. Jenny developed a splitting headache and would occasionally be sick when she changed position and sat or stood up abruptly.

But it was only when a lump appeared on her neck that she arranged a telephone appointment with her GP.

I had a nasty, thumping horrible headache and I was losing weight because I couldnt keep my meals down properly. Once the lump came up on my neck, I called my GP for a telephone appointment, then he asked me in for an examination.

Jenny with husband Steve. (PA)

It was at that point that he said, I dont want to worry you, but I think this is probably something serious.'

Her GP referred her to an ear, nose and throat consultant six weeks later but her condition worsened significantly in the interim.

It was the Bank Holiday Monday at the end of August 2020, Id just taken the dog for a walk and I felt absolutely exhausted and crashed out on the sofa.

"I tried to go upstairs to go to the bathroom, but I passed out, fell downstairs and collapsed at the bottom, she added. Im not really sure how long I was there. I then tried to go and be sick in the kitchen, but I collapsed again.

Read more: Woman who had nightmares of dying, sought doctor's advice and was diagnosed with breast cancer

Next thing I remember, Steve came home and found me on the floor in the kitchen having had a seizure, so we called 111.

First they took me to the Princess Royal Hospital in Haywards Heath, then I was transferred in the evening to the Royal Sussex County Hospital in Brighton for scans.

Over five days, Jenny a keen rugby player had various scans and a biopsy was taken of the lump in her neck, leading to the diagnosis of anaplastic lymphoma kinase (ALK)-positive lung cancer.

Jenny Weller (PA)

Despite her healthy lifestyle, she had a 35mm tumour in her lung and the cancer had spread, forming five additional tumours in her brain one of which was the size of a golf ball. She also had one further tumour in her lymph nodes and one in her pelvis.

By then an in-patient on an oncology ward, Jenny's situation was grave, though when surgery to remove the golf-ball sized brain tumour eliminated her headaches overnight, she was still optimistic about her chances of recovery.

The word terminal was finally used to describe her cancer in February this year, and she admits it was a bitter pill to swallow.

I had put up with some pretty invasive surgery and radiotherapy treatment and in February I asked the doctor, When am I going to get my life back? When can I get back to work? When can I drive?

She said, You should prepare yourself for not getting back to your previous fitness levels and lifestyle.'

This was a massive blow to Jenny, who had still been running her business since her diagnosis in September 2020, as she tried to claw back a sense of normality, and was looking forward to training again.

I thought, That cant be right, thats what Ive been aiming for. Then the doctor said, Well, you do have terminal cancer.

That was the first time the word terminal had been used. I thought I had five or six years to live, but then she said the expectancy was one to two years and I was already six months in.

Jenny on the beach (PA)

A remarkably positive thinker, rather than giving up, Jenny just altered her priorities and instead of working hard to maintain a semblance of normality, she focussed on raising awareness of her kind of lung cancer and fundraising for the charities Brain Tumour Research and ALK-Positive UK.

Starting with fundraising for Wear a Hat Day, which featured a Facebook video of her in a woolly hat, asking people to give money to Brain Tumour Research, she raised nearly 1,000.

Inspired by her success, Jenny and her family started the hashtag #wellerfest, launching a series of sporting fundraising events to help raise money.

In September 2021, she abseiled down Spinnaker tower in Portsmouth.

On November 28, #wellerfest will be staging a wild swim on East Sussexs Hove seafront and in spring 2022 there will be a sponsored cycle from John OGroats to Lands End and a mountain climb and zipwire ride in Snowdonia as Jenny aims to raise 30,000 before she dies.

Jenny abseiling down Spinnaker tower. (PA)

If there was more awareness of ALK-positive lung cancer, she believes she would have sought medical help earlier and that her life expectancy now might be more positive.

Just having a cough, lung cancer didnt even cross my mind.

I think, because of the age gap between me and my husband, there was a natural expectation that wed get to a point where I would be more likely to be looking after him, that I would be the one left behind.

Obviously, now thats unlikely to be the case."

Brave Jenny now says: Im not focusing on what Ill leave behind - but rather, on doing what I can while Im still here.

Find out more at braintumourresearch.org and Facebook.com/wellerfest

Additional reporting, PA Media

Watch: Hidden costs of breast cancer

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'I thought my cough was COVID. Now I have 18 months to live.' - Yahoo Lifestyle UK

SUNRISE, FL, Nov. 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- NextPlay Technologies, Inc. (NASDAQ: NXTP), a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, has been invited to present at the ROTH 10th Annual Technology Event being held virtually on November 17-18.

NextPlay Technologies co-CEOs, Bill Kerby, and Nithinan (Jessie) Boonyawattanapisut, along with Todd Bonner, Head of NextPlays Fintech Division, are scheduled to participate in one-on-one meetings with institutional analysts and investors at the conference.

Management will discuss the companys transformation through several recent synergistic acquisitions, and how it has created a unique digital ecosystem of in-game ad-tech, crypto-banking, fintech, Connected TV, travel and tourism.

To schedule a one-on-one meeting with NextPlay, please submit your request online via the link provided upon conference registration. For more information about the event or questions about registration, please contact your ROTH representative, or contact Ron Both or Justin Lumley of CMA at (949) 432-7557 or submit your request here.

About ROTH Capital PartnersROTH Capital Partners, LLC (ROTH) is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately held and employee owned. For more information on ROTH, please visit http://www.roth.com.

About NextPlay Technologies

NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlays engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit http://www.NextPlayTechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.

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Forward-Looking Statements

This press release includes forward-looking statements within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, beliefs or forecasts of future events and performance. A statement identified by the use of forward-looking words including will, may, expects, projects, anticipates, plans, believes, estimate, should, and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Factors that may cause such a difference include risks and uncertainties related to our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant material adverse impact on the travel industry and our business, operating results and liquidity; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence and voting control over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; our travel business depends substantially on property owners and managers renewing their listings; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term success depends, in part, on our ability to expand our property owner, manager and traveler bases outside of the United States and, as a result, our business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving ALR, Internet and e-commerce industries which could harm our operating results; risks associated with the operations of, the business of, and the regulation of our recent acquisitions of Longroot Holding (Thailand) Company Limited (Longroot), HotPlay Enterprise Limited (HotPlay) and NextBank International (formerly IFEB); the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; risks associated with the integration of the operations of HotPlay, Longroot and IFEB, which acquisitions we recently competed; the fact that we may be subject to liability for the activities of our property owners and managers, which could harm our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by NextPlay are detailed from time to time in NextPlays periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings Risk Factors. These reports are available at http://www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Companys future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Source: NextPlay Technologies

Company Contacts:

NextPlay Technologies, Inc.

Richard Marshall

Director of Corporate Development

Tel (954) 888-9779

richard.marshall@nextplaytechnologies.com

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NextPlay Technologies to Present at the ROTH 10th Annual Technology Conference, November 18, 2021 - Yahoo Finance

The great global supply chain crisis of 2021 which has ensnared groceries, holiday shopping and everything in between has bottlenecked West Coast ports, and drawn the involvement of the White House to address it.

As the disruption reaches a boiling point and adds to rising price pressures, longshoremen, union representatives and truck drivers have pointed fingers over which party is best positioned to alleviate some of the strains.

Cargo ships afloat in the Pacific Ocean demonstrate the convergence of strong consumer demand, and a widespread shortage of bodies to meet it. According to Goldman Sachs, over 30 million tons of cargo await delivery ahead of the Thanksgiving to Christmas rush. Essential workers are still scarce but U.S. consumers are still in a buying mood, meaning the congestion is not expected to wind down until the second half of 2022.

So who exactly is to blame? Some drivers lined up at the Ports of Los Angeles and Long Beach that have spoken to Yahoo Finance in recent days have an answer: Not us.

There's a lot of us that are willing to work, Carlos Rameriz, a 25-year truck driving veteran, told Yahoo Finance in an interview.

Speaking from a nearby area where trucks have idled and multiple chassis have sat unattended, Rameriz blasted a reported driver shortage as the biggest excuse, and simply not true.

Outside one of California's backlogged ports, trucks await cargo to transport.

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While the pandemic has exacerbated strains in the economy amid an unprecedented demand surge, a 2019 study published by the U.S. Bureau of Labor Statistics probed the dearth of truckers. And it arrived at a surprising conclusion: there is no driver shortage in the trucking industry.

Driver turnover is indeed a major issue, and theres plenty of anecdotal evidence of carriers struggling to fill seats. To that point, however, that doesnt mean theres an actual shortage of drivers, the authors wrote.

However, the trucker issue has been debated for decades, with the American Trucking Association (ATA) first raising concerns in the 1980s. More recently, Chris Spear, president and CEO of the American Trucking Associations (ATA) told CNN last week that the US has a shortage of around 80,000 truck drivers a record high, and an increase of roughly 30% from before the pandemic, Spear said.

Separately, a number of executives have sounded the alarm, including the CEO of the U.S. Xpress who told Yahoo Finance in August:The driver situation is about as bad as Ive ever seen in my career. Like other industries facing worker shortages, the trucking sector has gone all-in on big pay raises to attract talent.

The record-breaking number of cargo ships waiting off the coast of California prompted President Biden to intervene. Earlier this month, he directed the Ports of Los Angeles and Long Beach to move to 24/7 operations.

Toward that end, Executive Director of the Port of Long Beach, Mario Cordero, told Yahoo Finance Live that Long Beach implemented a 24/7 pilot program at one of their terminals weeks ago.

However, truckers like Rameriz hasnt seen any changes. I dont know anybody that is working 24/7, he explained to Yahoo Finance. If there was work, we [would] be working 24/7.

The Biden administration is also considering calling on the National Guard to help transport some of the cargo. If theyre activated, it would mark the latest in a series of unprecedented deployments for its members.

Please send the National Guard because that will be a big solution, Rameriz said.

A big problem is that some truck drivers are independent contractors, or owner- operators that get paid by the load. To actually earn money, drivers have to get their own trucks, acquire the skills and certifications to haul and they have to cover costs such as fuel, insurance, equipment, repair and maintenance.

However, the supply chain knots are throwing a wrench into Ramerizs pay.

It's been the worst month I ever had. There's no work. They're not releasing anything from [the port], said Rameriz. That's what pays my bills.

Regardless of which category a driver falls into, many of them are waiting over 3 hours to get inside the port to pick up a container. Sometimes the wait is even longer, Rameriz explained, with drivers at the mercy of longshoremen who operate on their own schedule.

Cargo ships adrift in the Pacific Ocean as the global supply chain crunch grows more acute.

Busy Los Angeles County ports saw a record backlog last month, with more than 70 cargo ships stuck off the coast waiting to be docked and unloaded carrying everything from furniture to electronics. There, a few workers suggested that their own union leadership shouldered some of the blame.

According to a longshoreman who only identified himself as Alfred, who works at California's San Pedro Bay Port Complex, the Pacific Maritime Association (PMA) which negotiates with the International Longshoreman and Warehouse Union (ILWU) and oversees the longshore contract on behalf of ILWU member companies is cutting the work.

He added: They're the ones who are not training: skilled positions. [That] means crane operators, top handler drivers, trans drivers. They're the ones who are keeping the ships out there at sea anchored.

Despite all the logistical challenges and logjam, Alfred insisted we have the manpower there, [they] just keep cutting the work. Another problem: theres not enough space to offload cargo and store it anywhere, the worker said, questioning protocols that were adding to the backlog.

There are truck drivers that come in and are waiting for a chassis and the company does not allow us to give them it, Alfred said.

If we don't have the space and we need to get some of this cargo out, why are we holding chassis, and not giving them to the drivers so they could pick up their load to make more space for us, he added.

In a statement to Yahoo Finance, the PMA defended its processes, arguing that each stage of the supply chain "must operate efficiently and in concert in order to bring relief to the historic congestion slowing goods movement across the country.

The statement added that it was committed to robust worker training to keep West Coast marine terminals moving as efficiently as possible, and that the ranks of longshore workers and trainees for specialized positions continues to grow.

Yet Alfred, who also was a truck driver for years, understands the frustration these drivers are going through. The drivers are there, literally for hours and hours, and sometimes [they] don't even pick up a load.

Meanwhile, a series of posts on Twitter led to policy change that could help alleviate some of the pressure on West Coast ports. Ryan Petersen, CEO logistics company Flexport, argued that yard space at the terminals is a major culprit behind the bottlenecks.

In response, the city of Long Beach announced over the weekend that they will relax the current set of container-stacking rules for at least 90 days. That should help ships unload more cargo quicker.

The code limited containers stacking to no more than two containers, no more than eight-feet tall. Now they will allow up to four stacked containers, with potential for five if a request is approved by fire officials.

In a related move, Governor Gavin Newsom has issued an executive order that directs state agencies to find state, federal and private land for short-term container storage, while identifying freight routes for trucks so the state can temporarily exempt weight limits on the road.

Still, its unclear whether any of those measures will address a problem without easy or quick fixes.

Its getting bad, said Rameriz. I hope somebody is keeping an eye on what's going on and do something about it because everybody's struggling right now.

Dani Romero is a reporter for Yahoo Finance. Follow her on Twitter: @daniromerotv

Follow Yahoo Finance on Twitter, Instagram, YouTube, Facebook, Flipboard, and LinkedIn

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Truckers, port workers vent as supply chain frustration mounts: 'A lot of us are willing to work' - Yahoo Finance