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ACT Research has released their findings that used Class 8 vehicles have now reached at least $100k on average as of March 2022. One year ago, the average price tag was $53,412. The previous record-setting price was set in February 2022 at $94,321.
U.S. retailers are gearing up for a cautious but steady holiday season, focusing on mid-range price items, according to a CNBC Supply Chain Survey.
Walmart’s recent success, driven by higher-income shoppers, might not last.
A few years back, Hertz took a bold step by purchasing 30,000 Teslas, aiming to electrify 20% of its rental fleet.
Say goodbye to free soda refills at McDonald's, a move that's stirring up more than just the ice in customers' cups.
McDonald's is reportedly gearing up to introduce a $5 meal deal, aiming to attract customers who felt priced out by recent hikes.
In response to pushback from conservative activists, Target has decided to limit the in-store availability of its Pride Month Collection to roughly half of its 2,000 stores.
Sweden, known for its social equality and high taxes, is now home to a growing number of super-rich individuals.
XPO Logistics started 2024 on a high note, surpassing first-quarter forecasts and demonstrating robust financial performance.
Costco, the membership-only warehouse chain, has significantly expanded across the U.S., boasting over 600 locations.c
Phil Yeager, the CEO of Hub Group, highlighted ongoing financial pressures during the company's recent earnings call, pointing to a soft market mainly caused by an excess of truckload capacity that hasn’t yet exited the industry.
Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.
J.B. Hunt Transport Services didn't quite hit the mark this quarter, with earnings per share landing at $1.22, below the expected $1.50.
In April, U.S. consumer sentiment took a sharper downturn than expected, hitting 77.9 from March's 79.4, reflecting growing concerns over inflation which continues to influence the economic outlook.
FedEx and UPS have introduced Delivery Area Surcharges (DAS) in 82 additional ZIP codes across the US, covering nearly 1% of the population.
Kering, a renowned French luxury brand, witnessed a significant decline in its shares, marking its worst performance to date.
In the not-so-distant future, your ideal burger munching time might not align with your growling stomach.
The U.S. recreational vehicle scene is typically dominated by massive, boxy models hailing from Elkhart, Indiana.
Inditex, the parent company of Zara, saw a surge in its stock prices, hitting record highs after reporting robust early spring sales.
A foreign billionaire's rapid acquisition of properties in Carmel, a picturesque coastal town, has sparked concern among locals.
Macy’s announced plans to shutter 150 stores over three years and 50 by the end of 2024 following a fourth-quarter loss and declining sales.
The rise of fast-fashion e-commerce giants like Shein and Temu is shaking up the global air cargo sector, according to industry insiders.
In January, Boeing saw a decline in aircraft orders and deliveries following a midflight incident involving a fuselage panel on one of its 737 Max 9s.
United Airlines made headlines three years ago when it axed flight change fees, a move that has cost the company an estimated $2 billion.
Walmart, already a retail giant, is aiming to get even bigger. Over the next five years, the company plans to build or convert more than 150 large-format stores, with some expanding from smaller locations into Supercenters offering groceries and merchandise.
Knight-Swift Transportation, a major player in the trucking industry, managed to increase its revenue despite weak freight demand in the last quarter of the previous year.
The U.S. Bankruptcy Court has given the green light to Yellow Corp.'s sale of 23 terminal leases to various buyers, totaling $82.89 million.
UPS and FedEx have decided to extend their demand surcharges for additional handling and large packages, despite lower year-over-year volumes.
During the holiday season, online spending hit a record high, increasing by 4.9% year over year, totaling $222.1 billion, according to Adobe Analytics.
Lazada, the Southeast Asian e-commerce platform owned by Alibaba, has initiated a new round of layoffs that will be affecting employees across all Southeast Asian markets.
McDonald’s is launching a $5 Meal Deal in the U.S. to attract customers amid rising inflation.