Supply chain expert signals ‘very dismal’ 2023 for US retailers
Alba Wheels Up founder and president Salvatore Stile argues businesses will get "crushed" by excess inventory and a looming rail strike causing an imbalance in the supply chain.
US retailers to see ‘very dismal’ 2023, small businesses ‘crushed’: Salvatore Stile
Alba Wheels Up International founder Salvatore Stile says importers and retailers are predicting a supply chain ‘decline coming about.’
Airbus to push ahead with production increases as Boeing lags
Airbus's A320neo outsold Boeing's 737 MAX three to two. As travel picks up, both airlines struggle with supply-chain snarls including engine deliveries.
Airbus widens A350 cabin in mile-high real estate war
Each airplane companies competes for sales from airlines, whos focus is on the economics and efficiency per passenger as gas prices go up and inflation soars.
Marine industry still optimistic after Hurricane Ian amidst inflation
National transportation expert Mike Caudill discusses Hurricane Ian and inflation's impact on the marine industry on 'Varney & Co.'
Second rail union rejects deal with freight railroads, elevating chance of strike
A second rail union voted against ratifying a tentative agreement with the nation's freight railroads Wednesday, raising chances for a nationwide strike.
Union rail workers rejected latest deal with railroads: What to know
A union rail worker who voted against a new contract with his employer says he does not want a strike to occur but working conditions must be addressed.
Port of Los Angeles operating at pre-pandemic levels, seeing 'good, fluid cargo movement': Gene Seroka
Port of Los Angeles director Gene Seroka talks about the state of the supply chain and retail industry as the consumer remains 'resilient.'
GM launching return-to-office plan for salaried workers in January
GM is telling its employees they can no long work fully remote starting in January. Management believes this will help accelerate its plan to go all-electric.
Rising shipping costs prompt businesses to get creative with deliveries
Additional fees on shipping have helped carriers mitigate rising costs through the pandemic and after Russia’s invasion of Ukraine, which sent fuel prices soaring.
US carriers add transatlantic flights for travel-hungry consumers
America's three largest airlines American, Delta, and United are all increasing flights from the United States to Europe in light of increased demand.
Railroads reject demands from holdout union, raising odds of strike
The major freight railroads have rejected new demands from a union that turned down a deal ratified by six others, raising odds of a nationwide strike.
11 more crash deaths are linked to automated-tech vehicles
11 people wear killed in the four month period between mid-may and September. Elon Musk explains how much safer self driving cars are than human drivers.
US businesses propose hiding trade data used to trace abuse
Commercial Customs Operations Committee, an advisory panel to U.S. Customs and Border Patrol, are recommending ways to streamline international trade.
No pilot, no problem: Xwing tests self-flying cargo plane, paves future for autonomous flight
Xwing takes FOX Business on a test flight and explains how their autonomous flying technology could revolutionize cargo and passenger transportation amid a pilot shortage.
Tech startup Xwing tests self-flying air cargo carrier 'Superpilot'
FOX Business' Grady Trimble reports from Concord, California, where Xwing is testing flight operations of its 'Superpilot' cargo carrier.
Two more unions approve deals with freight railroads
Another two of the dozen unions negotiating for better contracts with freight railroads have agreed to deals, signaling progress in efforts to avoid a strike.
Starbucks, Delta Air Lines team up to boost loyalty programs
Coffee chain Starbucks and air carrier Delta Air Lines have linked up to help rewards members earn more air miles and get more discounts at stores during the tumultuous economic environment.
Major rail union rejects deal: What’s next?
Workers in a major rail union have voted against a deal with the nation's railroads, renewing the chances of a strike following the midterm elections.