Tractor Supply is planning $2.5 billion in capital spending over the next five years, including the construction of three new distribution centers for a total of 11. The company wants to make one-day delivery available to 99% of its customers, which will likely mean shipping from stores as well as distribution centers.
Amazon employs 950,000 people in the US, not including contractors, out of a global workforce of 1.3 million, the company said in an announcement revealing its exact head count for the first time. Amazon, which has paid a $15 hourly minimum wage since 2018, is the country's second-largest private employer after Walmart, which has a workforce of almost 1.6 million.
A team at Carnegie Mellon University is tackling one of the toughest things for autonomous vehicles -- driving on busy, narrow streets, which requires collaboration with other drivers. They've produced a promising algorithm based on probabilities estimating how likely human or robotic drivers are to yield to others in a given situation, taking into account the balance of aggression versus cooperation.
The Senate Judiciary Committee advanced several drug pricing measures last week, including legislation that would allow the Federal Trade Commission to take action against firms that submit sham petitions in an effort to delay competition and a bill that would target pay-for-delay deals. The panel also voted to advance legislation that would require the FTC to examine the drug supply chain and the role of pharmacy benefit managers, and lawmakers also advanced a measure that would target patent abuse through product hopping.
Officials in Imperial County, Calif., will be watching the upcoming Otay Mesa border crossing toll to assess the possibility of creating their own tolled crossing in the future. The Otay Mesa crossing should be operational within two years, serving both commercial and tourist travel with a dynamic system featuring fluctuating tolls.
The official inauguration of India's Delhi-Meerut Expressway is likely to take place during early September as the second phase is completed. The first phase has been open since April, with the completed project expected to reduce travel times from Delhi to Meerut by over an hour.
The "Future of Urban Mobility Survey" from Visa has found that 88% of people who use public transportation prefer contactless payments. The study, which surveyed riders in nine global markets, also found that more than a third of millennial and Gen Z respondents rely on public transit for transportation.
Amazon exceeded second-quarter profit expectations by earning $7.8 billion, or $15.12 per share, but it failed to meet analyst expectations for sales, which increased 27% year over year to $113.1 billion. The company's performance was fueled by continued diversification into different business segments, such as cloud computing and advertising.
Craft Aerospace is developing a novel kind of vertical takeoff and landing aircraft that could serve as a city-to-city air taxi. The prototype uses flaps to capture airflow from the engines to provide lift, a technique that has never been used on a production aircraft.
Residents in low-income neighborhoods around Roxbury, Mass., will soon have access to electric vehicles thanks to a car-sharing nonprofit. Good2Go is working with Mobility Development on the pilot project, which they hope can be replicated in other cities.