There's A Rental Car Shortage In Store This Summer Travel Season
A global microchip shortage has impacted car production down in the U.S., which has led to a shortage of rental cars. Here's what that means on the cusp of the summer travel season.
Rental car firms face shortage as travel demand revs back up: Travel Weekly
As summer leisure travel ramps up, travel industry insiders predict the rental car shortage currently gripping the U.S. is likely to worsen before it gets better.
Food producers adapt after pandemic alters business models
As a producer that heavily supplies the food service industry, Swanson Pickle Co. Inc. had to make profound adjustments to its sales channels when the COVID-19 pandemic changed buying habits. As a producer that heavily supplies the food service industry, Swanson Pickle Co. Inc. had to make profound...
U.S. Commerce Secretary Gina Raimondo says using the Defense Production Act, a wartime power to set priorities for certain supplies, would be “a challenge.”
Amid COVID pandemic, country life lures metro Detroit homebuyers
Erika Smith and Bryan Taberski did what any city dweller might do when the coronavirus pandemic closed offices and remote work became the norm.They became examples of the shift in residential real estate as metro Detroiters looking for more space moved to areas with larger lots, bigger houses and a…
Cargo Pants and Outdoor Slippers Are Hot, as Americans Return to Stores
People are dressing up again—sort of—as they get vaccinated, venture out to social events and prepare to return to work, and the fashion industry is preparing for a major surge in sales.
Hertz, Avis and Enterprise sold enough of their fleets during the pandemic to create a shortage now that demand is picking up ahead of the summer travel season.
EXCLUSIVE U.S. Labor Secretary supports classifying gig workers as employees
A lot of gig workers in the United States should be classified as "employees" who deserve work benefits, President Biden's labor secretary said on Thursday, suggesting a shift in policy that is likely to raise costs for companies that depend on contractors such as Uber (UBER.N) and Lyft (LYFT.O).
Amazon’s sales and profit rise as retailer rides wave of pandemic shopping
Amazon.com Inc (AMZN.O), one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave.
Nexteer says chip shortage likely to go on, launches software reorganization
Nexteer Automotive said the chip shortage has sparked volatility in automaker assembly plants, but the company still anticipates total bookings to surge to $6.4 billion this year.
The steering and driveline systems supplier saw bookings of $3.7 billion in 2020.
Auburn Hills-based Nexteer,…
Can Michigan seize a $1.4 billion chance to ‘transform’ its child care system?
Michigan’s child care sector is gearing up for perhaps its highest stakes policy debate ever, with $1.4 billion in federal coronavirus pandemic aid on the line.
Just about everyone involved in caring for Michigan’s youngest students agrees the money is badly needed. Shortages of child care slots…
Ford warns 2nd-quarter output will fall by 50% amid chip shortage
Ford Motor Co. on Wednesday posted its highest first-quarter net income in a decade but said it could lose half of planned production in the second quarter due to the semiconductor shortage that has halted some high-profit assembly lines.
The automaker said it earned $3.3 billion from January…