Workers at the first XPO location where the Teamsters successfully negotiated a contract with the LTL carrier have voted to decertify the union. Workers in Hialeah, Florida, near Miami, reached agreement on a contract with XPO almost two years ago, the first time that a Teamsters local had successfully negotiated a contract with the LTL…
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A heavy debt load, weak cash flow associated with a significant decline in global air cargo demand and an employee lawsuit are raising questions about the ongoing financial viability of Western Global Airlines, an all-cargo carrier with a fleet of 21 aging aircraft that counts retailer Amazon as its top customer. A review of flight…
E-commerce platform Cart.com has achieved unicorn status following a $60 million Series C round of funding to push its valuation to $1.2 billion. Meanwhile, global supply chain-focused startups Nuvocargo and CargoBot recently secured $36.5 million and $6 million in funding, respectively. While the venture capital market has never been worse for some parts of the…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. Every week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. This article comes from the June 1975 issue of American Shipper and shows…