News
August 15, 2023
China’s Economic Downturn is Impacting Major American CompaniesChina’s economic slowdown and its ensuing impact on global businesses is a multi-faceted issue that requires a deeper dive to…
August 14, 2023
China and US Give the Green Light to Double Flights in Rare Show of Cooperation Between RivalsWashington agrees to approve 24 round-trip flights by Chinese carriers per week from late October and says Beijing will reciprocate…
August 8, 2023
Maersk Implements Cost-Cutting Measures Amid Prolonged Container DownturnIn response to a contracting container shipping market, A.P. Moller-Maersk, a Danish shipping giant, is focusing on cost-cutting measures. Despite…
August 3, 2023
Yellow’s Shutdown: PNG Worldwide Steps Up to Help Shippers Navigate Rising LTL RatesThe recent and unexpected shutdown of Yellow, a leading less-than-truckload (LTL) provider with a worth of $5.2 billion, has created…
August 2, 2023
TForce Freight Ratify Contract with TeamstersThe International Brotherhood of Teamsters announced on Monday July 31st, that employees at TForce Freight ratified a five-year contract, with…
July 31, 2023
Trucking Giant Yellow Shuts Down OperationsThe abrupt closure of Yellow, one of the U.S.’s oldest and largest trucking businesses, marks a significant event in the…
July 30, 2023
FedEx Pilots Reject 30% Pay Hike Proposal, but a Strike isn’t ImminentPilots for FedEx have rejected a tentative labor deal. But that doesn’t mean they’re about to walk off the job…
July 29, 2023
UPS Shippers May Facer Double-Digit Rate Increases in Wake of ContractUPS Inc. shippers should brace themselves for double-digit general rate increases (GRI) in 2024 as the transport and logistics behemoth…
July 26, 2023
Yellow Exec Tells Sales Staff Company will File Bankruptcy MondayYellow’s senior vice president of sales informed her staff on Wednesday that their last day would be Friday and the…
July 24, 2023
No Strike at Yellow; Central States Grants ExtensionTeamsters at less-than-truckload carrier Yellow Corp. will not be on strike Monday as previously planned. Central States Funds agreed Sunday to…