Knight-Swift Transportation warned Wednesday that second-quarter results are likely to disappoint in a news release also confirming it has closed on the previously announced acquisition of truckload carrier U.S. Xpress. The transportation and logistics provider said a weaker than expected operating environment in the truckload sector would likely result in consolidated operating margin deterioration of…
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A strike by 7,400 Canadian dockworkers against their West Coast ports employers has entered its fifth day as negotiations have stalled. The International Longshore & Warehouse Union Canada’s Longshore Division (ILWU Canada) went on strike Saturday after negotiations with the British Columbia Maritime Employers Association (BCMEA) failed to reach a new labor contract. The strike…
Contract negotiations between UPS Inc. and the Teamsters union collapsed early Wednesday morning, with each side blaming the other for its demise. The Teamsters issued a statement saying that UPS (NYSE: UPS) walked away from the bargaining table at 4 a.m. after presenting an unacceptable offer to the Teamsters that did not address members’ needs….
Researchers in California are exploring the possibility of using the battery systems in battery-electric locomotives to store power for the U.S. power grid, according to a paper published in the academic journal Nature Energy. Researchers at the University of California at Berkeley and the Lawrence Berkeley National Laboratory said they explored using batteries as a…