A robust, proactive, and responsive security system is essential to reduce cargo theft risks effectively. Leading the charge in these solutions is remote live video monitoring. Learn more here.
In the latest episode of "The Freight Caviar Podcast", we sit down with Danny Frisco, CEO & Co-Founder at Rapido Solutions Group. He discusses the advantages and disadvantages of outsourcing and Rapido's future growth plans.
Plus, an EV maker partners with Ryder to test a hybrid diesel system, HappyRobot releases an AI update for brokers, and load board traffic declines over the past 3 months.
What's the secret sauce behind resilient consumer spending regardless of rising interest rates? The elder American demographic are doing their part to keep a recession at bay.
Seniors aged 65+ accounted for a hefty 22% of spending in 2022, the highest in half a century.
The Aging Equation
In August, a record-breaking 17.7% of the population was 65 or older.
Elderly Americans are financially secure and borrowing less.
Seniors hold nearly 26% of household wealth, the highest since 1989.
They have minimal debt and are less affected by rising housing costs.
Inflation Resilience
Seniors received a 8.7% boost in Social Security payments. - Their spending is less vulnerable to unemployment due to retirement.
Economic Lifesavers?
The unprecedented $77.1 trillion wealth amassed by baby boomers challenges recession fears.
Living Life to the Fullest Experts suggest the spike in senior spending is a lingering psychological impact of the Pandemic. In other words: life's short.
Lifestyles have changed, and today's seniors are more active and culturally involved. Hiking, e-biking, traveling, arts, and theater are more frequent senior hobbies.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
In a recent episode of the Stay In Your Lane Podcast from Triple T Transport, Allianz Trade North America Chief Economist Dan North shed light on why the anticipated economic recession hasn't yet materialized and its implications on the freight market.
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