The way to achieve good labor relations between U.S. freight railroads and their craft employees is “not a mystery,” according to Ron Kaminkow, organizer of the Railroad Workers United (RWU), an interunion group that consists of union members from various crafts. FreightWaves recently caught up with Kaminkow to discuss labor morale, as well as what…
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Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nearshoring draws more U.S. logistics investment to Mexico; Volkswagen issues temporary work stoppage at plant in Mexico; commercial auto supplier TitanX expands Mexican factory; and a truck driver in Texas dies in a collision with a…
Chart of the Week: Outbound Tender Volume Index, National Truckload Index – USA SONAR: OTVI.USA, NTI.USA Truckload demand shot up 6% to end April as shipper requests for freight capacity hit their highest levels since the first week of the year. National dry van spot rates (NTI) have flatlined over the past two weeks after plummeting 3.5% to…
Truckload carrier Heartland Express expects the current freight environment marked by soft demand and rate pressure to last another one to two quarters. Heartland (NASDAQ: HTLD) reported first-quarter earnings per share of 16 cents late Thursday, a 2-cent miss, according to Seeking Alpha. The result was also 5 cents lower year over year (y/y). The…