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Walmart's weakest shopper is who Amazon is racing to serve with automation

Walmart's stock (WMT) fell roughly 10% in the week after its second-quarter results, and sell-side analysts spent the days that followed cutting price targets even as they kept their 'Buy' ratings. Underneath that reaction sits a narrower, more specific story than "the consumer is weak": a pricing-driven pullback among Walmart's lowest-income shoppers is colliding, almost by coincidence, with the moment both Walmart and Amazon are leaning hard into automated delivery and freight technology built to protect margins exactly ...

Who will end up buying Europe's freight forwarders?

I recently wrote about Europe's succession problem in logistics. Thousands of privately owned freight forwarders and transport companies are reaching the point where their owners would quite like to retire, while the next generation often has other plans. Germany has some particularly uncomfortable numbers, although there is little reason to assume the problem stops at the border. Judging by the reaction to that column, one question comes up rather quickly. If all these companies are going to be for ...

Cockpit recording from Miami 767 overrun indicates highly-unstable approach

US investigators have revealed that a pilot of the Boeing 767-300 freighter that overran at Miami warned about excessive speed on final approach, while the aircraft subsequently generated multiple sink-rate and ground-proximity alerts as it descended. After the aircraft touched down, one of the crew called for a go-around just 5 seconds before the jet left the runway surface. National Transportation Safety Board investigators provided the update after further analysis of the cockpit-voice and flight-data recorders from the 21 Air aircraft, which overran Miami's runway 30 on 6 September. About 1 minute 11 seconds before touchdown, as one of the pilots called for 20° flap, the other "cautioned they were too fast", said the inquiry. This pilot also made additional comments regarding the aircraft's excessive speed throughout the remainder of the cockpit-voice recording. "There was not a consistent verbal response to the comments about speed," the inquiry adds. Over the 40 seconds between the 1,000ft call-out and touchdown, the jet issued several aural warnings of excessive sink rate, including below 500ft. It also generated four 'too low, terrain' warnings after the 100ft call-out, after which - just 10 seconds before touchdown - one of the pilots called for 30° flap. Another 'too low, terrain' alert was issued at about 40ft. Some 15 seconds after the touchdown - and about 5 seconds before the aircraft left the paved runway surface - one of the pilots "called for a go-around", said the inquiry. While the cockpit-voice and flight-data recordings have yet to be fully synchronised, investigators had previously indicated that, about this time, the aircraft's throttles were increased to go-around thrust for a few seconds before being reduced to idle power. As the aircraft - branded for Amazon Air - went off the end of the runway, it struck a van and a car, killing five people before coming to a stop.