Federal authorities are still skeptical that UPS (NYSE: UPS) can maintain safety standards if it is exempted from some aspects of new driver-training rules. According to a judgment to be released Tuesday, the Federal Motor Carrier Safety Administration has denied UPS's request to waive a requirement that training instructors for...
Cathay Pacific forecasts a poor cargo peak as China’s output falls.
Cathay Pacific has completely revamped its freighter schedule in preparation for peak shipping season, but executives indicated Thursday that demand will be lower this year due to inflation and continued supply chain issues. The forecast came as a record-breaking hot wave and another round of COVID lockdowns in a major...
Fernish envisions a furniture circular economy.
PHILADELPHIA — The furniture leasing sector is a little-discussed but rapidly rising market. The furniture rental service market, which is dominated by a few corporations, is expected to reach $139.05 billion by 2029, according to Fortune Business Insights. In 2021, it was $67 billion. With that predicted expansion, there is...