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The post Daily Infographic: Descartes sees ‘no end in sight’ for elevated supply chain investments appeared first on FreightWaves.
The post Daily Infographic: Descartes sees ‘no end in sight’ for elevated supply chain investments appeared first on FreightWaves.
Last month, Teamsters claimed Yellow (NASDAQ: YELL), one of the largest trucking companies in the United States, told the union that Yellow would be out of cash by August. To avoid demise, Yellow’s executive team said Teamsters, which represents some 22,000 Yellow employees, must permit operational changes the union previously approved. Teamsters General President Sean…
Three lobbying groups representing state and local governments are pushing Senate leaders to bring the rail safety bill to the Senate floor for a vote. The executive directors for the National Governors Association (NGA), the National League of Cities (NLC) and the National Association of Counties (NaCo) are pressing Senate Majority Leader Chuck Schumer of…
Ship recycling has fallen to its lowest level in 20 years, per a recent report by the Baltic and International Maritime Council (BIMCO). BIMCO — a trade group representing shipowners — states that capacity has been overtaxed by the Red Sea crisis, which has forced shipping lines to take a longer route around Africa’s Cape…
FleetCor Technologies saw improving stability in the services it provides to trucking businesses across North America and its international units, helping the company to a better-than-expected quarter, officials said. “It’s been a really terrific start to the first half — year-to-date revenues, sales and earnings all coming in ahead of plan,” Ron Clarke, chairman and…
Companies across the globe have been impacted by a myriad of major supply chain disruptions. This is especially true for companies navigating the lingering Suez Canal and Panama Canal issues. Shippers that have historically utilized the Suez Canal have had to extend their routes, bypassing the canal and sailing around the Cape of Good Hope…
On the heels of deals at other Class I railroads, Union Pacific has reached agreements with eight unions to provide workers up to seven paid sick days. The agreement goes into effect April 1. According to a prepared statement from UP (NYSE: UNP), the employees in the unions that agreed to the deal will receive…