Teamsters tie up with Staten Island Amazon union, win other elections

The Teamsters union has recorded several organizing or contract-signing victories in the past few weeks, but a step it has taken toward representing at least one group of Amazon workers has garnered the biggest headlines.  An independent labor union that won representation at a Staten Island, New York, warehouse in 2022, a victory that Amazon…

Old Dominion’s tonnage turns positive in Q2

Old Dominion Freight Line’s tonnage metrics have turned positive for the first time in nearly two years. The less-than-truckload carrier’s second-quarter update shows improvement from the first quarter but a slight deceleration in growth rates from April to May. The company announced Wednesday that revenue per day was 5.6% higher year over year (y/y) in…

Transports-only hedge fund manager hopeful despite ‘perfect negative storm’

Institutional investor Seth Holm said he’s upbeat on transportation stocks long term but noted the sector is in a “perfect negative storm,” with volumes under pressure, a collapse in pricing and roughly 50% inflation across most cost buckets. His comments were part of a fireside chat with Craig Fuller, FreightWaves founder and CEO, at Future…