The development of the Hyperloop transportation concept is a game changing breakthrough in transportation that combines already proven concepts such as magnetic levitation, linear electric motors and tunnels. Such technology also provides the basis for future related transportation technology that would occupy unique new niches in the transportation market. That technology could include future freight […]
U.S. inventories, one of the most watched indicators of the global supply glut, have remained above the five-year average that OPEC has sought to break as production from shale plays keeps rising. But they have fallen for seven straight weeks, and the decline is likely to continue as Americans take to the roads, boosting demand […]
Americans made 433 million fewer trips to restaurants at lunchtime last year, resulting in roughly $3.2 billion in lost business for restaurants, according to market-research firm NPD Group Inc. It was the lowest level of lunch traffic in at least four decades. While that loss in traffic is a 2% decline from 2015, it is […]
Walmart has its eye on blockchain technology. The United States Patent and Trademark Office (USPTO) recently published a patent filed by the mega-retailer for a “delivery management system” that aims to improve upon last mile shipping-the final stretch extending to consumers’ homes-by using robotics, sensors, and yes, blockchains, also often referred to as distributed ledgers.
U.S. home prices climbed in March at the strongest rate in nearly three year as a dwindling supply of houses for sale is causing prices to significantly outpace income growth. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index released Tuesday rose 5.9 percent over the past 12 months ended in March, the most […]
Canada’s economy expanded at an annual pace of nearly four per cent in the first quarter, more than three times the growth seen in the U.S. in the same period. According to Statistics Canada, the total value of all goods and services sold in Canada grew in absolute terms by 0.9 per cent from the […]
Organic food sales in the United States increased by 8.4% in 2016 to reach $43 billion, marking the first time sales surpassed $40 billion, according to the Organic Trade Association’s industry survey released May 24. The 8.4% jump compared to an increase of 0.6% in overall U.S. food market sales.
Speed, experience and personalization stand out as three strengths that convenience stores have in the battle to attract consumer dollars, according to research from The Nielsen Co.
With more than half of 2017 still ahead, the retail industry is seeing a record-setting pace for bankruptcy filings and store closings — and more are expected in the not too distant future, despite what most consider a healthy consumer.
United States gross domestic product (GDP) increased at an annual rate of 1.2 percent in the first quarter of 2017, according to the “second” estimate released by the Commerce Department’s Bureau of Economic Analysis (BEA).
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