Global shipping giant and logistics powerhouse
The Bureau of Labor Statistics has reported that payrolls have risen by 57,000 in June, well below forecasts, while the unemployment rate has fallen to 4.2% because the labor force has shrunk. Household employment has fallen and the participation rate has hit its lowest level since March 2021, prompting downward revisions to April and May employment.
PepsiCo has reported a mixed second quarter, with North American volumes flat or down and international markets driving overall growth. Revenue rose 6.4% to $24.18 billion, but North American beverage volumes fell 4% and per-share earnings narrowly missed expectations. The company has signaled a slower but steady recovery in North America as inflation pressures persist.
The FAA has determined that Boeing’s final safety checks demonstrate sufficient airworthiness for 737 Max and 787 Dreamliner aircraft. Regulators will continue factory oversight to identify defects earlier in production, while the pace of 737 Max production limits is being restored.
Oil prices have risen after regional conflict has intensified, pushing up fuel costs and consumer prices. Analysts say the spike is likely to pass through to groceries and other goods as supply chains adapt. Gas prices have climbed, with motorists paying more at the pump, while some refiners face damage that could sustain price pressure.
The civil complaint from New York Attorney General Letitia James’ office accuses Amazon of creating a delivery service partner network that suppresses driver wages and worsens working conditions through unchecked control over contractors. The case underscores ongoing scrutiny of Amazon’s last‑mile model and potential moves in New York City to require direct employment of DSP drivers.
Diesel prices have risen sharply amid renewed Middle East tensions and sanctions, driving inflation and shifting costs for transport, farming and retail. The surge follows a wave of global supply disruptions and has sustained pressure on households and businesses.
Labor Day traditions are shifting as closures and sales vary by sector. Government offices close, while stocks and banks stay shut. Retailers offer promotional deals as summer ends, and travel costs rise for many Americans, who plan last-minute getaways.
An Amazon Prime Air Boeing 767-300 has overrun the runway while landing at Miami International Airport after a flight from San Juan, Puerto Rico. The plane struck multiple vehicles on a road beside the airport, killing five people and injuring at least five others. The NTSB has dispatched investigators and the FAA has grounded flights at the airport.
An Amazon Air cargo flight overshot the runway at Miami International Airport, striking vehicles and causing multiple fatalities. Investigators have recovered flight records and are examining weather, speed, and crew actions. Two runways remain closed as the response and probe continue.
The US has disclosed an ongoing probe into how Lockheed Martin F-35 parts shipped from Australia for service ended up in Hong Kong, where Chinese authorities have reportedly taken possession. The parts, including a cockpit canopy and weapons-bay door with radar-absorbing coating, were diverted in late May, raising questions about security and technology leakage.