The week leading up to this Thanksgiving has been the busiest for airports since the coronavirus pandemic began, and so far the journey has gone smoothly. For seven days in a row, through Wednesday, the daily number of airport passengers exceeded two million people, a number not seen since before the pandemic, according to the … Read more
Thanksgiving will test whether airlines have done enough to isolate their operations from shocks that have hit air travel in recent months. The Transportation Security Administration said it expects Thanksgiving travel to come close to pre-pandemic levels, with 20 million people likely to pass through U.S. airports over a 10-day period. Airlines including Delta Air … Read more
Co-founders of Bolt, CTO Heindrik Bernabe, went, and CEO Mark Ang, to their Toronto offices on November 6th.Christopher Katsarov / The Globe and Mail The Swedish retail giant IKEA is investing in a rapidly growing delivery and delivery service for large goods from Toronto, which is to be expanded in the USA On Monday, Bolt … Read more
Uber Technologies Inc. achieved an important goal of profitability for the first time since its inception more than ten years ago, helped by a recovery in its entertainment business and the continued strength of its food delivery unit. The company reported an adjusted profit of $ 8 million before interest, taxes, depreciation and amortization for … Read more
Two U.S. telecommunications companies agreed to postpone their planned rollout of a new 5G frequency band on Dec. 5 so they can work with the Federal Aviation Administration to address concerns about potential interference with key security systems in the cockpit. AT&T Inc. said it agreed to postpone its scheduled 5G rollout until Jan. 5 … Read more
Farewell Offshoring, Outsourcing. Pandemic rewrites CEO Playbook.Wall Street Journal .
Americans who pay homage to an Uber or Lyft ride are still facing increased prices due to a shortage of drivers – the latest example of how a tight labor market costs consumers more while raising wages for workers. Uber Technologies Inc. and Lyft Inc. had expected most drivers to return to work after federal … Read more