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The post Daily Infographic: US box shipments remain historically weak in Q2 appeared first on FreightWaves.
A strike by Teamsters members at a Sysco facility in Louisville, Kentucky, ended over the weekend with the signing of the first-ever contract between the members of Local 89 and the food distribution giant. Workers, most of them drivers, had voted in favor of Teamsters recognition in August but had not been able to reach…
As the benchmark diesel price used for most fuel surcharges moved higher this week after eight consecutive declines, the bearish case for further declines in overall prices continues to sign on more followers. The Department of Energy/Energy Information Administration weekly average retail diesel price, delayed a day due to the Juneteenth holiday, rose 2.1 cents…
Triumph Financial put it right at the top of its fourth-quarter earnings report: Its TriumphPay division, which combines its traditional quick pay services with the “open loop” invoice processing known simply as “the network,” was EBITDA-positive in the last three months of 2023. In his lengthy note to shareholders, Triumph (NASDAQ: TFIN) CEO Aaron Graft…
Former Mexican rail workers held protests and blockades at U.S.-Mexico border crossings in Arizona and Texas on Wednesday, seeking benefits, severance pay and more communication from the federal government. “There is a protest by retired railroad workers taking place on the Mexico side of World Trade Bridge that is currently impeding all north and south…
Norfolk Southern has reached sick leave agreements with all of its craft unions. The railroad says it is the first U.S. Class I railroad to have sick leave deals for 100% of its craft workforce. The last deal to be struck was with yardmasters affiliated with the International Association of Sheet Metal, Air, Rail and…
This is part of a FreightWaves series on the electronic logging device mandate. Federal regulators began enforcing the mandate on April 1, 2018. Read more from this series here. Industry insiders are accusing some ELD vendors of exploiting flaws in the Federal Motor Carrier Safety Administration’s technical specifications to let trucking companies and their drivers add…