qz.com
17,000 workers got laid off from 71 tech startups globally in May after tech
stocks crashed, startup investment slumped, and executives began cutting costs.
over 1 year ago
qz.com
Goldman Sachs analysts believe companies have over-invested in lithium, nickel,
and cobalt mining, which will lead to an over-supply that will lower the price
of battery metals within two years.
over 1 year ago
qz.com
Helium Shortage 4.0 is once again the result of a handful of unexpected supply
disruptions in the heavily concentrated helium production industry—and a
disastrous 1996 US law.
over 1 year ago
qz.com
In a sign of the public’s waning pandemic fears, Clorox CEO Linda Rendle
announced the company would scale back production as covid-19 shifts to “more of
an endemic phase.”
over 1 year ago
qz.com
Flush with cash after two years of soaring shipping profits, Maersk, MSC, and
CMA CGM are racing to buy planes, merge with freight forwarders, and strike
partnerships with airlines like Air France-KLM.
over 1 year ago
qz.com
CEOs at the star-crossed social network have an average tenure of 3.2
years—shorter than any other big tech company besides TikTok. If Musk replaces
Twitter CEO Parag Agrawal, the new executive may not last.
over 1 year ago
qz.com
JB Hunt executives told investors that the Shanghai lockdown, combined with
labor disputes at US West Coast ports, could create new disruptions for US
supply chains in July.
almost 2 years ago
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Walmart has vowed to pay truck drivers up to $110,000 in their first year on the
job as trucking wages record their fastest and most prolonged growth in a
decade.
almost 2 years ago
qz.com
The White House wants to give US antitrust enforcers an extra $227 million to
crack down on monopolies this year.
almost 2 years ago
qz.com
The US Postal Service doubled the number of electric vehicles it plans to buy,
but they still make up just 20% of its order for new mail delivery trucks.
almost 2 years ago
qz.com
Rising gas prices have widened the cost gap between fueling an electric vehicle
and a gas-powered, internal combustion engine car.
almost 2 years ago
qz.com
Hackers from Anonymous and Ukraine’s “IT Army” have claimed credit for leaking
data from Russian government agencies, hacking state media outlets, and knocking
websites for businesses and financial services offline.
almost 2 years ago
qz.com
COSCO, the world’s fourth largest shipping line, which is owned by the Chinese
government, is the last major shipping line still operating in Russia.
almost 2 years ago
qz.com
Soon, businesses may outsource their entire logistics operations to Amazon or
Maersk, which are each expanding into trucking, air cargo, warehousing, and
last-mile delivery.
almost 2 years ago
qz.com
Confiscating Putin cronies’ yachts won’t stop the invasion of Ukraine, but it
offers an emotional salve for Americans and Europeans who are angry about the
vast wealth Russian oligarchs have stashed in Western cities.
almost 2 years ago
qz.com
A consortium of Japanese freight businesses, led by the Nippon Foundation, has
tested two of the world’s first self-driving container ships in an effort to cut
shipping labor in the face of an aging workforce.
almost 2 years ago
qz.com
At least 26 publicly traded companies hold bitcoin, including automakers, video
game developers, fossil fuel investors, mortgage lenders, insurers, and one
massive whale that owns 56% of all corporate crypto.
almost 2 years ago
qz.com
The shipping line is investing in green methanol production to ensure that it
can source enough fuel to power a fleet of 12 new carbon-neutral ships it bought
from Hyundai Heavy Industries.
about 2 years ago
qz.com
The Kennedy Space Center has reinvented itself as a commercial spaceport.
about 2 years ago
qz.com
The e-commerce giant has made steep investments in its logistics operation,
suggesting the company may be primed to launch a standalone delivery business to
rival FedEx and UPS.
over 2 years ago