Growth in U.S. retail sales slowed in February after surging a month earlier, suggesting that consumers tempered their spending in some categories as inflation limited purchasing power.
A closely watched auto-industry forecaster lopped more than 5 million cars off its projections for global production this year and next, largely due to fallout expected from Russia’s invasion of Ukraine.
Sanctions are causing a shortage of microchips in Russia. Meanwhile, the U.S. and Europe are spending billions in a race to reduce reliance on imports just as China plans to turn itself into a chip powerhouse.
Dangerous, expensive disruptions to shipping and many of the world’s roughly 3,700 ports are on the rise along with global temperatures. These events will increasingly threaten the sea routes that convey 80% of traded goods by volume, according to an analysis by Environmental Defense Fund.
FedEx Corp. delivery contractors are demanding higher pay and changes to operations, stung by rising costs and a drop in compensation for the most recent holiday season.
A year after a giant container ship got stuck in the Suez Canal for almost a week and disrupted global trade for months, another Evergreen Marine Corp. vessel has run aground.
Ukraine President Volodymyr Zelenskiy is urging farmers to sow as many fields as possible to protect the food supply. But several of the nation’s largest agribusinesses say some plantings just won’t happen if Russia continues its war in Europe’s breadbasket.
Washington police closed streets as a convoy of truckers protesting the government’s response to COVID-19 and other grievances clogged a major interstate artery leading through the nation’s capital.
U.S. companies are enlisting former military and law enforcement professionals to help employees in Ukraine navigate congested roads and train stations to slip across the border to safety.