Canadian railway CN has reached tentative agreements with two labor groups affiliated with Unifor, a union representing mechanical, intermodal, facility management and clerical workers that are part of CN’s Canadian operations. CN’s tentative collective agreements with Local 100 members and Council 4000 members affect approximately 3,000 employees and avert a rail strike. Members of two…
The multiyear decline in the financial fortunes of U.S. Xpress are coming to an end with the announcement Tuesday that the truckload carrier is being bought by Knight-Swift at a significant premium to the company’s Monday closing stock price. In one of the largest truckload carrier sales in history, Knight-Swift (NYSE: KNX) said it is…
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Retail diesel prices have continued to trend lower, with the Department of Energy/Energy Information Administration weekly average retail price dropping another 6.2 cents per gallon as futures and wholesale markets have fallen on the back of financial markets dealing with uncertainty created by a potential banking crisis. The decline put the benchmark price used for…
A lawsuit against AB5 brought by Uber, Postmates and two of their gig drivers failed in a lower federal court in California in 2020 but has been partially revived on appeal. And it appears that the primary reason for the reversal were the words of AB5’s key sponsor, Lorena Gonzalez, who was a state assemblywoman…