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24
Jul
No Strike at Yellow; Central States Grants Extension
Teamsters at less-than-truckload carrier Yellow Corp. will not be on strike Monday as previously planned. Central States Funds agreed Sunday to extend health care benefits for employees at YRC Freight and Holland. Yellow (NASDAQ: YELL) now has 30 days to pay […]
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17
Jul
European Aviation Strikes: What’s the Latest
Another summer of strikes is hitting European aviation. With commercial aviation being a labor intensities industry that requires many work groups to work, if one workgroup is unhappy with their contract – the entire airport or airline can be and […]
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14
Jul
Wholesale Weakness Slowing US Inventory Destocking, Freight Demand
There is growing conviction among US companies that inventory destocking is working, thinning stockpiles of goods built up in 2022 — but just not fast enough. “The peak of inventory is behind us,” Harmit Singh, chief financial and growth officer of apparel maker […]
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13
Jul
Western Canada Port Strike Ends After Deal Reached on Tentative Four-Year Contract
The 13-day longshore strike that hit the Western Canadian ports of Vancouver and Prince Rupert ended Thursday after the International Longshore and Warehouse Union (ILWU) Canada and waterfront employers reached a deal on a tentative four-year contract. The end of […]
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30
Jun
Threats of an LTL Shutdown, UPS Strike Loom for US Shippers
The ground is trembling beneath the less-than-truckload (LTL) market this week as Yellow, the third-largest US LTL carrier, warned in a court filing it may run out of cash as early as the middle of July. On top of that, […]
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29
Jun
California Supreme Court to Review Rulings on Constitutionality of Prop 22
The battle over the constitutionality of California’s Prop 22 lives on, with the state’s Supreme Court granting review of mixed lower and appellate court rulings on the issue of exempting gig workers from independent contractor law AB5. The Supreme Court […]
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28
Jun
Analysts Contemplate a Yellow Bankruptcy
With questions swirling around the fate of the nation’s third-largest less-than-truckload carrier, Yellow Corp., industry analysts have started looking at which carriers stand to benefit the most if the company fails. Seemingly running out of options, Yellow (NASDAQ: YELL) filed a […]
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26
Jun
Truck Tonnage Snaps Mini Stretch of Declines with May Gains
Truck tonnage volumes snapped two months of declines with an increase in May, according to data issued today by the American Trucking Associations (ATA). The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for May, came in at 115.4 […]
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15
Jun
Tentative Agreement Ends Workers Slowdowns and Stoppages that Crippled West Coast Ports
A tentative deal between the Pacific Maritime Association and the International Longshore and Warehouse Union was announced Wednesday night, ending 14 days of worker slowdowns and stoppages that crippled port productivity. The new contract is for six years and will […]
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13
Jun
FedEx Union Leaders Approve New Pilot Deal
The FedEx Master Executive Council (MEC), the governing body of the FedEx unit of the Air Line Pilots Association, Int’l (ALPA), have approved a tentative pilot contract reached with the express airline last month. The tentative contract agreement, which was reached […]
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