Archive for Press - page 7

The abrupt closure of Yellow, one of the U.S.’s oldest and largest trucking businesses, marks a significant event in the American trucking industry. The collapse comes after numerous failed mergers, mounting debt, and an ongoing dispute with the Teamsters union. […]

Pilots for FedEx have rejected a tentative labor deal. But that doesn’t mean they’re about to walk off the job just as UPS is threatened with its own strike by 340,000 drivers and other hourly ground workers. The FedEx pilots who belong […]

UPS Inc. shippers should brace themselves for double-digit general rate increases (GRI) in 2024 as the transport and logistics behemoth looks to recoup the “astronomical” cost increases from its tentative five-year contract with the Teamsters union, a transport executive said. […]

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 […]

UPS and Teamsters, the union representing nearly 340,000 UPS workers are trying to reach a new five-year labor contract before the current contract expires at midnight July 31. Earlier this month, the two sides departed the bargaining table without coming […]

A delinquency notice was issued Monday showing less-than-truckload carrier Yellow Corp. failed to make required contributions to health and welfare and pension funds for the month of June and that it is planning to withhold payments for July. The two […]

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 […]

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 […]

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 […]