Americans want to cancel the 5-day work week
Across the pond, over 60 companies experimented with a 4-day work week - and out of those companies, about 90% of them continued with the shorter work week due to its high success.
Norfolk Southern is the latest railroad offering paid sick time
There has been many quality of life complaints that have arose during contract negations between the railroad unions and companies.
Target is investing $100 million into its supply chain through 2026
The massive logistics overhaul is focusing on the company’s sortation hubs and the store’s redesign, meant to increase same-day fulfillment services.
Superstore giant Walmart has said customers will feel the inflation
Walmart has signaled that customers will likely slow their purchasing, even after strong holiday sales and profit last quarter.
Trucking industry hiring looks dim in 2023
More than half of the 108 carriers and brokers surveyed by TMS provider Rose Rocket have said that retaining and hiring truckers will be the top challenge of the year.
Wall Street is concerned over the dim retail forecast
Large retailers such as Home Depot and Walmart are projecting a weaker economy this year due to declining consumer spending.
Amazon’s return-to-office mandate has employees fuming
Amazon CEO Andy Jassy announced that its workers are required to come back to the office, and a group of 5,000 employees has officially signed a petition to drop the mandate.
Robotic sales surge by 11% in 2022, signaling more growth in the near future.
Industrial robot sales increased 11% last year in North America, up by 44,200 units.
Bloated inventory glut up 50% in Under Armour’s supply chain
A 50% increase in inventory can be difficult for a retailer due to the need for additional storage space, strain on cash flow, increased risk of stockouts, and additional challenges in inventory management.
American household debt hits a 15-year high of $17 trillion
Spiraling towards levels only seen during the 2008 financial crisis, US household debt has increased by $320 billion in the last 3 months of 2022.
Electric vehicles cost Americans $66k on average as of 2023
This is a 13% increase year over year, highlighting how challenging it is for so many Americans to afford green energy transportation.
Pakistan’s failing economy is forcing ports to shut down operations
Unable to fund imports due to the country’s depleting foreign currency reserves, Pakistan is abandoning containers full of goods at the ports.
Massive layoffs at Convoy due to refocus on profitability result in Atlanta office closure
In order to regain control of the company’s operational model and develop more profit, Convoy CEO and co-founder Dan Lewis has announced through a LinkedIn post that the company is thinning its labor force.
Increasing electricity bills force EU rail companies to quadruple prices
As a result, many freight companies are reverting to diesel locomotives over electric models in order to reduce substantial operating costs.
Economic uncertainties lead retailers to get creative to retain customers
Customers are likely to become more price-sensitive during an economic downturn, so retailers should focus on offering products and services that provide real value to customers.
Will our decarbonized future depend solely upon EV transition? Some disagree.
While electric vehicles are a promising technology for reducing greenhouse gas emissions and achieving a decarbonized future, there are several challenges that may prevent the US from solely depending on them.
Layoffs and hires: the economy seeks to rebalance itself after the Covid-19 pandemic
Companies may lay off employees in one area or department while simultaneously hiring new employees in another area or department as part of a larger restructuring effort.
Consumers are dealing with renewed inflation, and inventory gluts may be to blame
When there is an inventory glut, it means that there is more supply of a particular product than demand for it.
Tesla Model 3 & Toyota EV models dominate the market
According to Consumer Reports Top 10 Picks for cars, these automakers are at the top of the list for consumers.
American intermodal volumes are down midway through February
When United States rail carload and intermodal volumes are down, it generally indicates a decrease in demand for freight transportation services by rail.
