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Airlines Put Unused Passenger Planes to Work

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Passenger airlines are finding a new use for all their currently unused jets, freight shipping. Jennifer Smith reports at WSJ: The coronavirus pandemic is reshaping global airfreight operations as passenger airlines ground planes and companies scramble for capacity to keep medical supplies, industrial parts and high-demand consumer goods moving. Some airlines are putting passenger planes to work as freight-only aircraft, with main cabins empty and cargo holds filled with shipments. The tactic provides some revenue for carriers hit hard by plunging travel demand and may help ease freight … [Read more...]

Walmart Expands Private Trucking Fleet

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Walmart, already one of America's biggest trucking fleet owners, is planning to expand its fleet with 500 more drivers in the next few months. CCJ's James Jaillet reports: Walmart Transportation, which last year aggressively grew its private fleet by 900 drivers, hopes to continue that growth this year by adding another 500 drivers in the coming months. The fleet’s expansion is meant to serve a two-fold purpose: To keep up with demand from the retail giant’s sales growth both in stores and online and to bring more of its transportation needs in house — and away from the for-hire … [Read more...]

Will Democrats Cripple Silicon Valley Growth Machine?

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For decades Silicon Valley has been America's growth engine, but increasingly, Democratic candidates seem eager to cripple the tech industry in the name of fighting income inequality. Kiran Stacey and Kadhim Shubber report in FT: The race for the Democratic presidential nomination has fuelled trepidation in Silicon Valley, as arguments for breaking up the world’s largest tech companies gain traction among the field of candidates. Both Bernie Sanders, who won the New Hampshire primary, and his fellow progressive Elizabeth Warren, have called for a break-up of America’s largest technology … [Read more...]

Japan Hit Hard by Sales Tax Hike. Second Punch from Coronavirus on its Way

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Japan's economy was hit hard by the increase of its sales tax to 10% in the fourth quarter. The impact helped drive Japan's GDP to an annualized loss of 6.3%, nearly double the worst estimate. Lining up to hammer the economy in the first quarter is the impact from the COVID-19 coronavirus emanating from nearby China. Megumi Fujikawa reports for The Wall Street Journal: Following a dismal final quarter of 2019, Japan’s economy is facing the risk of a recession because the coronavirus outbreak is hurting tourism and production, while Germany’s central bank called on the government in Berlin to … [Read more...]

Apple Needs Another China

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Tripp Mickle reports the troubles faced by Apple in China as a result of the outbreak of the coronavirus. He writes: Coronavirus has given new meaning to something Apple Inc. executives have been saying for years: Apple needs another China. The rapid spread of the virus and the disruption it has caused is the latest test of Apple’s dependency on the world’s most populous nation, both as a consumer market but more fundamentally as a manufacturing base for most of the iPhones, iPads and Macs sold world-wide. The outbreak prompted China to keep many factories closed after the Lunar New … [Read more...]

Target Aiming to Crack Top 10 E-Commerce Sellers with Tech

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Target is using a completely rebuilt tech department to transform its e-commerce sales. At current growth rates, Target will become one of the top 10 retail e-commerce companies by next year. Sara Castellanos reports for The Wall Street Journal: To be sure, Target’s financial performance isn’t solely tied to its technology efforts. The company has refurbished stores over the past few years and it has debuted new brands that are attracting customers, said Neil Saunders, a managing director with GlobalData PLC. “The most important thing is to have products people want to buy,” Mr. Saunders … [Read more...]