Chart of the Week: National Truckload Index Linehaul Only, Outbound Tender Rejection Index – USA SONAR: NTIL12.USA, VCRPM1.USA The relationship between dry van truckload contract (VCRPM1) and spot (NTIL12) rates remains nearly unchanged compared to last June, as both have fallen at nearly the same pace over the past 12 months. Spot rates appear to have hit a…
Less-than-truckload carrier ABF Freight announced late Friday its Teamster employees ratified a five-year collective bargaining agreement. The two parties previously came to terms on wages and other items two weeks ago. The new deal raises hourly wages by a total of $6.50 and benefits contributions by $4.46 per hour. Two additional paid sick days and…
If railway police officers investigating an incident encounter evidence that could be damning to a rail company, do they see their primary duty as seeking all the facts or protecting the company’s name? For some families of loved ones who died in railway accidents, that question is not merely academic. Since October, FreightWaves has conducted…
Hundreds of social media posts in recent days have called for truck drivers to boycott picking up and delivering freight in Florida on Saturday — the date the state’s new law targeting undocumented immigrants takes effect. Florida Gov. Ron DeSantis signed SB 1719 into law in May, which targets undocumented immigrants by requiring employers to…
UPS Inc. has made a contract offer to the Teamsters union that the union said Friday represents “significant movement” on wages, benefits and worker classification language. The company has also pledged to have a deal done by Wednesday to cover 340,000 Teamster employees, the union said. Despite the progress, it isn’t enough, the union said…