Only 9% of Consumers Anticipate Increased Holiday Spending This Season
A survey conducted by Gartner, Inc. reveals that only 9% of consumers plan to increase their holiday spending this year, indicating cautious consumer sentiment.
Gas prices are expected to see a slight increase next week
Gas prices in the United States are expected to rise slightly over the next week, with estimates suggesting an increase of three to five cents per gallon due to rising gasoline wholesale prices.
Diesel Issues Could Escalate Amidst OPEC+ Crude Shortage Concerns
The diesel market is facing a crisis as output curbs from countries like Saudi Arabia and Russia limit the supply of medium and heavy crudes, crucial for diesel production.
UPS-Teamsters Deal May Heighten Wage Pressure Across Logistics Industry
The recently ratified labor contract between UPS and the International Brotherhood of Teamsters is expected to exert wage pressure on other logistics companies, including FedEx.
Yellow Corp.'s Real Estate Auction Could Maximize Value Through Competitive Bidding
It can be a very value-maximizing process," says bankruptcy attorney George Singer about the potential bidding war for Yellow Corp.'s real estate.
Small Electric Vehicles Gain Popularity Amid Growing Urban Demand
Small electric cars, reminiscent of microcars from the past, are gaining attention as the demand for cleaner urban vehicles grows.
World Bank Report Highlights Rapid Growth and Concerns in Online Gig Work
A World Bank report highlights the global growth of online gig work, especially in developing countries, where it provides a vital source of employment for women and young individuals in regions with limited job opportunities.
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.
Atlanta Fed President Raphael Bostic Predicts Longer Period of Higher Interest Rates
The Federal Reserve has raised its key interest rate to around 5.4% to curb inflation, but policymakers are at a critical juncture considering whether to raise rates even further or maintain the current level.
Proposed Overtime Rule by DOL Suggests $55K Threshold with Automatic 3-Year Updates
The historical activist roots of the Labor Day holiday are particularly evident this year, with labor unions actively challenging working conditions across various industries.
Amid Strikes and Fresh Union Contracts, Labor Day Celebrates Strong Organizational Roots This Year
International distributor NRS Logistics has announced plans to construct its inaugural North American facility in Casa Grande, Arizona.
U.S. Announces $12 Billion Fund for Advanced Vehicles and Suppliers
The U.S. Energy Secretary Jennifer Granholm revealed plans for the Biden Administration to allocate $12 billion in loans and grants to automakers and suppliers, aimed at facilitating the transformation of their facilities to produce electric vehicles (EVs) and other advanced vehicle technologies.
Examining the Potential Impact of Insurance Costs on the EV Revolution
The incident involving a fire on a cargo ship carrying electric vehicles highlights potential insurance challenges and setbacks for the EV revolution.
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.
UPS Attracts Job Seekers with $170,000 Driver Pay After Union Victory
Since securing a $30 billion contract over five years, United Parcel Service (UPS) has experienced a surge in interest from job seekers.