• Walmart US is increasingly relying on its 8,600 'Elite Fleet' truckers over third-parties - and it's the latest move from America's largest company to take charge of its transportation network

    10 days ago - By Business Insider

    Walmart depends on its company truck drivers as well as third-party truckers to move its goods.
    Its internal team of 8,600 company drivers are among the most elite in the trucking industry , earning on average $87,500 in their first year. That's more than twice the average American long-haul trucker.
    But that investment has paid off. In an interview with Business Insider, Greg Smith, executive vice president, supply chain for Walmart US, explained why Walmart is using its private team of truck drivers has driven efficiencies for the massive retailer.
    Last year, when a truck driver shortage...
    Read more ...

     

  • Industrial Production Increased 0.1% in February

    Industrial Production Increased 0.1% in February

    10 days ago - By Calculated Risk

    From the Fed: Industrial Production and Capacity Utilization
    Industrial production edged up 0.1 percent in February after decreasing 0.4 percent in January. Manufacturing production fell 0.4 percent in February for its second consecutive monthly decline. The index for utilities rose 3.7 percent, while the index for mining moved up 0.3 percent. At 109.7 percent of its 2012 average, total industrial production was 3.5 percent higher in February than it was a year earlier. Capacity utilization for the industrial sector edged down 0.1 percentage point in February to 78.2 percent, a rate that...
    Read more ...

     

  • US industrial production increased a slight 0.1 percent in February, hurt by 2nd straight drop in manufacturing

    US industrial production increased a slight 0.1 percent in February, hurt by 2nd straight drop in manufacturing

    10 days ago - By Chron

    WASHINGTON - US industrial production increased a slight 0.1 percent in February, hurt by 2nd straight drop in manufacturing.
    Read more ...