James Miller

Bank of Canada Reaffirms 2% Inflation Target with Focus on Core Inflation Metrics and Housing Impact

The Bank of Canada is holding firm on its well-known 2% inflation target but is shaking things up when it comes to how it measures inflation and considers housing costs in monetary policy.

Canada Post Reports Record Losses as Parcel Shipments Plunge by 36% Impacting Delivery Networks

Canada Post has encountered its most significant quarterly loss in recent memory, grappling with a pre-tax deficit of approximately US$294 million in the second quarter of 2024.

Kroger Trims 1,000 Corporate Roles After Failed Albertsons Merger, Refocuses Strategy

Major Corporate Layoffs After a Shaken Deal After the collapse of its high-profile merger with Albertsons Cos., Kroger Co. is taking significant steps to streamline operations by laying off close to 1,000 corporate employees. This move is part of a broader effort to reduce costs and sharpen business focus, particularly as the grocery giant shifts toward reinforcing its core retail activities. Interim CEO Ron Sargent highlighted in an internal memo that although difficult, these personnel cuts are a necessary step to “set our organization up for continued success.” The savings generated will be invested back into the business through lowering prices, opening new stores, and increasing

Large Fire at Hamburg’s Veddel Logistics Center Causes Evacuations, Explosions, and Road Closures

On the afternoon of August 25, a significant fire erupted in a logistics zone near Hamburg’s port, one of Europe's busiest transport hubs.

How Volkswagen’s Elli Division is Transforming Energy Trading and Renewables Management

Volkswagen’s Elli division is carving out a fresh niche by expanding into energy trading, with a focus on supporting the clean energy revolution.

How AI Implementation Insights from OpenAI Can Help Trucking Fleets Today and Tomorrow

Artificial intelligence is no stranger to the trucking industry’s evolving landscape.

The Intricate Supply Chain Behind Tomato Sauce and Its Parallels in Freight Forwarding

Late August marks not just a seasonal shift, but the onset of a detailed and labor-intensive tomato sauce production process.

Confiança do Consumidor Diminui em Agosto em Meio a Crescente Incerteza Económica e Pressões Inflacionistas

Agosto registou uma ligeira queda na confiança do consumidor, refletindo as preocupações contínuas com a força da economia.

Exploring the Impact of Permanent Full Expensing on Trucking Industry Competitiveness

The trucking industry is no stranger to the ebb and flow of economic policies and their effect on operational costs.

BMO’s Third Quarter Reveals Gradual Improvement in Trucking Loan Health with Sale Rumors Looming

The latest financial quarter brought a glimmer of optimism in the credit landscape of the trucking sector, according to recent findings from a major Canadian lender focused heavily on transportation, particularly trucking.

Menzies Aviation Doubles U.S. Airport Reach by Acquiring G2 Secure Staff for $305 Million

Menzies Aviation has taken a giant leap in strengthening its foothold across the United States by completing a $305 million acquisition of G2 Secure Staff, a notable aviation service provider in the U.S.

How Tariffs Are Steering the Future of North American Commercial Truck Manufacturers

The commercial truck industry in North America is currently sailing through choppy waters due to an unsettled tariff environment.