Union Pacific and the Brotherhood of Locomotive Engineers and Trainmen (BLET) have reached a “historic” tentative agreement that seeks to give engineers a more predictable work schedule, the two groups said Wednesday. The agreement, which still needs to be ratified by union membership, calls for a schedule that would consist of 11 days on call…
Freightos, a digital marketplace for air and ocean freight, reported adjusted losses before accounting measures increased 83% to $5.8 million in the first quarter due to ongoing investments in R&D and customer acquisition, despite transaction levels doubling. The results suggest that transactional fees are still too thin to overcome ongoing startup costs. A major slowdown…
WASHINGTON — A Massachusetts lawmaker took what he called an “unusual step” by withdrawing support for legislation aimed at improving motor carrier safety standards and for which he was an original co-sponsor. But a truck broker lobby backing the legislation disputed his understanding of the bill’s purpose. The Motor Carrier Safety Selection Standard Act, which…
The Teamsters union said Wednesday that a strike authorization had been approved by members covered under ABF Freight’s national master freight agreement. The action is likely a negotiating tactic on the part of the union and a sign of potential next steps if talks between the two parties are unable to yield a new agreement….
Used trucks, which a year ago approached unheard of auction and retail prices, have crashed to earth. Soft spot market rates, practically unfettered new truck production and drivers giving up their authorities are all factors. Some fleets and dealers saw the reversal coming. After months of carefully controlled order intake for new trucks, manufacturers opened…