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The post Daily Infographic: US box shipments remain historically weak in Q2 appeared first on FreightWaves.
Chart of the Week: Carrier Details Net Changes in Trucking Authorities – USA SONAR: CDNCA.USA Since the start of November, net active truckload operating authorities have dropped by 9,000 — an approximately 12% increase over the same period last year, according to Carrier Details’ analysis of Federal Motor Carrier Safety Administration data. The operating authorities measured here…
There’s the fog of war and there’s the fog of West Coast port labor disruptions. More than a year after negotiations began and over 11 months since the last contract expired, employers and dockworkers still haven’t come to terms over pay. Accusations are flying. Those speaking to the press have agendas, as do those remaining…
Despite the concern triggered by the possibility of a Teamsters strike against UPS Inc., many UPS shippers may find this to be the best time to renegotiate their contracts, a parcel consultant said Thursday. Josh Dunham, co-founder and CEO of Reveel Group, a multicarrier sourcing platform, said that UPS (NYSE: UPS) in recent weeks has…
Shortly after less-than-truckload carrier Yellow Corp. said Tuesday it would go through with plans to defer required contributions to funds managed by Central States Funds, the International Brotherhood of Teamsters issued a strike notice. The notice said a work stoppage could occur as soon as Monday. “Yellow has failed its workers once again and continues…
Truck transportation jobs rose slightly between April and May but recent downward revisions mean that the net number of jobs in that sector over the last four months has declined. The figure released Friday by the Bureau of Labor Statistics reported that there were 1,609,200 seasonally adjusted jobs in the truck transportation sector in May. …
Logistics real estate operator Prologis reported fourth-quarter results that were in line with analysts’ expectations. The company’s first take at full-year 2024 guidance was also as expected. The San Francisco-based company reported core funds from operations (FFO) of $1.26, which was 2 cents higher year over year (y/y). Rental revenue of $1.76 billion was up…