Decline in Formal Education Requirements Reflects Changing Employer Attitudes
New research from Indeed reveals a significant shift in job postings, indicating a decline in the requirement for formal education qualifications.
Macy’s Navigates Turbulent Retail Waters With Closures, Luxury Shift, and Activist Investors
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.
Rising Insurance Costs and Market Pressures are Rampant in Trucking
Rising insurance costs are causing many trucking companies to call it quits, leading to a hyper-competitive market for insurers.
California Freight Forwarder Boateng Logistics Files for Bankruptcy, Leaving Industry Stakeholders Millions in Debt
A California-based freight forwarder, Boateng Logistics, has filed for bankruptcy liquidation, leaving trucking, logistics, and factoring companies owed millions.
Insights into America's Financial Struggles and Priorities with Credit Card Debt
It's no secret that many Americans are grappling with credit card debt, with a Bankrate survey revealing that one in three adults had more credit card debt than savings in both 2023 and 2024.
Balancing Inflation and Recession Risks Amid Fed Rate Cut Debates
In 2021 and 2022, as inflation surged, the Federal Reserve was criticized for delaying interest rate hikes, allowing prices to soar. Now, with inflation easing, there's concern the Fed might move too slowly to cut rates, risking a recession, some economists argue.
Fast-Fashion Giants Shein and Temu Disrupt Global Air Cargo Industry
The rise of fast-fashion e-commerce giants like Shein and Temu is shaking up the global air cargo sector, according to industry insiders.
FMCSA's Call for Truck Lease Agreements is Combating Predatory Practices for Driver Safety
The Federal Motor Carrier Safety Administration (FMCSA) is requesting lease agreements from truck drivers, especially if they suspect predatory or fraudulent terms.
Flight Attendants Demand Fair Pay
Last year, airline pilots scored hefty pay raises through new labor contracts, sparking a wave of demand for better wages among flight attendants.
Boeing Faces Delivery Decline Amid Safety Concerns
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 Faces $2 Billion Loss Since Scrapping Flight Change Fees
United Airlines made headlines three years ago when it axed flight change fees, a move that has cost the company an estimated $2 billion.
Yellow Trucking Repays Contentious $700M Covid Loan Amidst Bankruptcy Fallout
Bankrupt trucking giant Yellow has announced it has fully paid back a contentious $700 million Covid loan from the U.S. Treasury Department, along with over $151 million in interest.
FTA Allocates $110 Million in Emergency Relief Funds
The U.S. Department of Transportation's Federal Transit Administration (FTA) has approved nearly $110 million in funding for public transportation providers and state Departments of Transportation in various states and a U.S. territory.
Millions of Americans Missing Out on Valuable EITC
Each year, tens of millions of Americans file their tax returns, and a significant number of them are missing out on a valuable credit, the earned income tax credit (EITC), according to the IRS
Strong Job Growth and Wage Increases Continue in U.S. Economy Amidst Rising Interest Rates
In January, the U.S. economy added a surprising 353,000 jobs, surpassing economists' predictions of 177,000.
Walmart's Ambitious Plans Include Over 150 New and Expanded Stores in the Next Five Years
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 Faces Challenges Despite Revenue Growth in Weak Freight Market
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.
Amazon Announces Limited Layoffs in Buy with Prime Unit Amid Ongoing Restructuring
Amazon.com has announced layoffs affecting fewer than 5% of its Buy with Prime unit employees.
Rising Insurance Premiums Squeeze Corporate Profits
Hidden inflationary costs are squeezing corporate profits, and it's not just the usual suspects like input and freight costs.
Yellow Corp. Continues Asset Sales, Generating Over $82 Million from Terminal Leases
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.