Atlas Air will stop flying freighter aircraft in Amazon’s domestic parcel network by the middle of next year and concentrate on international widebody service for its growing customer base, which will soon include Chinese e-commerce giants Shein and Temu, CEO Michael Steen said in an interview. Both parties have agreed to terminate contracts under which…
BROOKLYN, New York — In a room full of the next generation of mobility entrepreneurs and financial backers of their wide-ranging projects, Geoff Douglass’ pitch was for using autonomous vessels to modernize port navigation and streamline the marine shipping supply chain. What might best be described as “pilot day” at Newlab at the Brooklyn Navy…
Over the past five years, the popularity of e-commerce has skyrocketed. In the first quarter of 2024, online transactions accounted for 15.9% of all retail sales, according to the Federal Reserve Bank. By contrast, e-commerce made up 10% of all retail transactions in the first quarter of 2019. This rapid increase, coupled with the ongoing…
Lots of rain and some lightning didn’t dampen the enthusiasm of contestants as Shell Rotella SuperRigs got underway at the Texas Motor Speedway in Forth Worth, Texas, on May 30. […]
U.S. trade authorities have filed a labor complaint with Mexico over allegations that a Volkswagen assembly plant in Puebla, Mexico, unfairly fired union activists. The complaint filed by the U.S. Trade Representative’s office Tuesday follows an April 25 petition filed by 10 fired workers who allege Volkswagen Mexico violated the workers’ freedom of association and…