United Auto Workers Threatens Strike Against Detroit Automakers as Contracts Near Expiry
The United Auto Workers (UAW) union is prepared to strike against Detroit automakers, including General Motors, Stellantis, and Ford, if new agreements aren't reached as contracts expire.
Top-Rated Affordable Performance Cars Under $33,000 for Budget-Conscious Enthusiasts
Car enthusiasts seeking affordable performance cars can find options with starting prices under $33,000.
Chinese Electric Carmakers Forge Ahead Abroad, Triggering a Showdown with U.S. and European Auto Titans
Chinese electric car manufacturers are making a significant push into the European market, using platforms like the International Motor Show (IAA) in Munich, Germany, to showcase their presence and challenge established players like BMW and Ford in the realm of battery-powered vehicles.
Macy's Commitment to Eco-Friendly Business Practices
Macy's Vice President of Sustainability, Keelin Evans, emphasizes that sustainability is a pivotal element of Macy's modernization as the department store giant reshapes its models and processes for a sustainable business.
Zara's Billionaire Owner Dives into California Real Estate Market as Landlord for Walmart
Zara's billionaire founder, Amancio Ortega, is further expanding his logistics network in the U.S. with the acquisition of a logistics center in Inland Empire, California, for $109 million.
Delivery Providers Pickup Now and Point Pickup Merge to Create a Comprehensive 'One-Stop Shop
Delivery providers Point Pickup Technologies and Pickup Now have merged to create a unified source for nationwide on-demand deliveries.
4 Factors Driving Food and Beverage Producers Toward Expanding Drop-Trailer Shipping
Despite significant changes in consumer lifestyles during the pandemic, the trend of increased beverage consumption between Memorial Day and Labor Day has persisted.
Retailers Tighten Customer Perks and Rewards Programs
Companies across various industries are cutting back on customer perks as they prioritize higher profit margins.
US Apparel Retailers Break Ties With China Amid Growing Concerns
A growing number of US fashion companies are distancing themselves from China as their top supplier, with 61% of apparel retail CEOs no longer relying on China as their primary source.
The logistics economy experienced a slowdown in July
The Logistics Managers' Index (LMI) report for July indicates a slowdown in economic conditions within the logistics industry, continuing a trend that started earlier this year.
Shopify Regains Growth Momentum After Divesting Logistics and Layoffs
Shopify experienced a 31% year-over-year increase in revenue during the second quarter, reaching nearly $1.7 billion, following the company's renewed focus on building e-commerce stores for brands.
Walmart's Bold Step Towards Sustainable Fashion
Retail giant Walmart has set its sights on promoting sustainable fashion within its supply chain
Uber Freight Reports Widening EBITDA Loss Compared to Last Year, But Shows Improvement from Q1
Uber Freight reported a significant decline in its second-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) compared to a year ago but showed improvement sequentially.
Rising Labor Costs and Declining Cargo Squeeze US Rail Profits
US railroad companies, including Union Pacific Corp., CSX Corp., and Norfolk Southern Corp., are facing a squeeze on operating profits due to higher labor costs and weaker sales amid an ongoing freight recession.
Porsche's EV Sales Target at Risk Due to Supply Chain Challenges
Porsche AG is facing supply chain challenges that are impacting battery-electric vehicle (BEV) production, particularly due to difficulties in securing special parts like high-voltage heaters.
GM Points to Supplier for Slow EV Production, Confirms Future for Chevy Bolt EV
General Motors CEO Mary Barra attributed the slow ramp-up of the company's new electric vehicles to a supplier of automation equipment.
Prime Day Insights: Unraveling the Supply Chain Implications for Peak 2023
The results of Amazon Prime Day on July 11-12 indicate that Peak 2023 is likely to be a strong and busy season for the supply chain.
Declining Cargo Revenue Signals Optimistic Travel Industry Recovery for Airlines as Travel Demand Rebounds
Airlines' cargo revenue is experiencing a significant slump, with Delta, United, and American reporting year-over-year declines of about 40% in their second-quarter cargo revenue.
June Trailer Orders Decline Significantly, But Backlog Remains Steady
According to preliminary data from ACT Research, June's net trailer orders decreased by 34% compared to May and were down 75% year-on-year.
Consumers Maintain Solid Spending Habits, Setting Record Back-to-School Sales
A report from the National Retail Federation (NRF) reveals that consumers remain on solid footing despite the cooling economy, with retail sales in June showing positive growth.
