More than 30,000 aerospace workers at Boeing will walk off the job Friday after a large majority of them rejected a tentative contract. The International Association of Machinists and Aerospace Workers announced the result on its website late Thursday night after vote tabulation was completed. The union said its negotiating team will “regroup and begin…
Norfolk Southern has a new top executive in Mark George, and revealed details of a generous compensation package for the first-time CEO. The Atlanta-based carrier (NYSE: NSC) in an 8-K filing with the Securities and Exchange Commission said it is lifting the salary of former chief financial officer George from $675,000 to $1 million per…
Air Canada joined business groups on Thursday in calling for the Canadian government to intervene to prevent a strike by the airline’s pilots that could start within days. The nation’s flag carrier urged officials to order binding arbitration to resolve stalled contract talks between the company and its 5,200 unionized pilots, saying a potential strike…
WASHINGTON — A dockworker strike along the U.S. East and Gulf coasts could endanger Kamala Harris’ presidential bid, say retail and transportation leaders. The International Longshoremen’s Association (ILA) affirmed last week that it plans to strike if its contract demands are not met, and the West Coast ports, represented by the International Longshore and Warehouse…
“Normal seasonality” was the best truckload carriers could muster when describing the current freight environment at an investor conference this week. While freight demand is seeing more typical ebbs and flows from month to month, which is an improvement from a year ago, the fluctuations are occurring at a low starting point – the trough…