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A Tuesday letter from Teamsters leadership to local unions representing all of Yellow Corp.’s network said emergency negotiations that began on Sunday haven’t yielded an agreement. The union says its “bottom-line proposal” seeks the $11-per-hour wages and benefits hike previously offered by the company. A July 12 letter from Yellow’s (NASDAQ: YELL) CEO to the…
More than half the states in the U.S. are now intervenors in the lawsuit that challenges a waiver granted to California to implement its Clean Trucks rule. Following a petition filed in early June that allowed 19 states to challenge the waiver granted in April by the Environmental Protection Agency, the U.S. Court of Appeals…
Lower revenues in the second quarter of 2023 put pressure on overall profits for Canadian railway CN. CN reported second-quarter 2023 adjusted net income of CA$1.17 billion (US$886 million), or $1.76 per adjusted diluted earnings per share, compared with $1.33 billion, or $1.93 per adjusted diluted earnings per share, for the second quarter of 2022. …
Israel-based ocean carrier Zim (NYSE: ZIM) is cutting its exposure to the freight market by offloading multiple leased vessels. News of its divestment strategy was first reported in late June and fresh details are now emerging. There have been reports this week of seven early charter terminations by Zim as well as two sublets. Two…