Still battling Covid, China’s air traffic sinks to 35% of 2019 levels
While there have been many critics of China’s zero-Covid policy, it’s clear that the country’s flight activity is very indicative of the economic toll these policies are taking.
Gasoline is now cheaper in the U.S. than it was prior to Russia’s invasion of Ukraine
The US average price per gallon for gasoline is now $3.47, sitting below the $3.54 price in February, prior to the invasion.
Many transport and logistics businesses grew during the 2020-2021 lockdowns
Career opportunities may be the silver lining found in the frustrations over the past several years - with the industry expanding with new roles, such as marketing, sales, and technology.
Returns account for more than 20% of e-commerce sales
According to figures from the National Retail Federation, that number is rising in comparison to the approximately 10% that account for in-person shoppers.
Indian operations are laid off amid Amazon global cuts
Regardless of India being one of the most crucial markets of growth, Amazon’s Chief Executive Officer Andy Jassy’s cost-cutting campaign is making its mark on the country.
196.7 million Americans shopped in stores and online on the Thanksgiving Holiday Weekend
This is a new record, according to the National Retail Federation and Prosper Insights & Analytics.
Inflation isn’t going anywhere while supply chain issues remain
That’s the assumption of economist Mohamed El-Erian, president of Queens’ College at the University of Cambridge.
Will 2023 employment in the logistics sector plummet?
The global economic slowdown is signaling… yes.
Foxconn’s iPhone factory shutdown will cost Apple $1 billion in iPhone sales per week
Chinese authorities imposed a seven-day lockdown of the central Chinese city of Zhengzhou last week, shutting down Apple’s iPhone factory in the location.
Speedy and quick: that’s the trend this holiday season
Warehouses everywhere are being pushed to the brink this holiday season as consumers tire of inaccurate orders and shipping delays.
The price of diesel has fallen 17.2 cents in two weeks
Standing now at $5,141 per gallon, the national average price of diesel is reflecting its largest drop since the 14.5-cent decline in early August.
3rd times a charm? Port of NY & NJ overtakes San Pedro for 3rd consecutive month
San Pedro Bay, home of the Ports of Los Angeles and Long Beach, has long been the king of America’s oceanside ports.
Capping Russia’s oil exports in an attempt to nail Moscow’s military budget
That’s the latest way Western companies are punishing Russia for its invasion of Ukraine - making way to limit its fossil fuel earnings.
Biden’s Inflation Reduction Act could spoil Hyundai’s hot streak in America
With the expectation of capturing approximately 11% of new vehicle sales in the country, Hyundai is having a breakout year.
Trucking equipment issues expected to extend into 2023
Some of the largest players in the game such as Schneider National and J.B. Hunt voiced concerns regarding the 2023 market forecast at the Stephens Annual Investment Conference last week.
Crude oil prices skyrocket as shipping trade route reaches $100k per day
In a breach that eclipsed the early 2020 surge, soaring shipping costs reached $100,000 a day this week on the industry’s benchmark trade route.
Retail darling Target unveils “large-format” stores for future expansion
The retailer will be focusing on these 150,000 square feet stores - about 20,000 square feet larger than its current average - over the coming years with new constructions and remodels.
Employees should be treated with the same care as your customers
Companies understand that by delivering the “ideal” product or service to their customers, their customers will keep coming back.
Sourcing quality applicants in the cold food and beverage supply chain isn’t easy
Food manufacturing has witnessed a 7.8% increase in jobs added from August to September of this year, according to the Bureau of Labor Statistics.
The Netherlands isn’t submitting to the United States’ chip industry interests
Dutch officials have refused the White House’s not-so-subtle attempts to curtail The Netherlands’ sale of chipmaking equipment to China.
