Teamsters at less-than-truckload carrier Yellow Corp. will not be on strike Monday as previously planned. Central States Funds agreed Sunday to extend health care benefits for employees at YRC Freight and Holland. Yellow (NASDAQ: YELL) now has 30 days to pay $50 million to catch up on its benefits payments. A statement from the Teamsters…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico, Port Laredo remain on top for US trade; WeFreight expands operations into Mexico; cross-border carrier acquires 140 Navistar tractors; and nearly 50 pounds of cocaine seized from cargo ship in Texas. Mexico, Port Laredo remain…
Chart of the Week: National Truckload Index Linehaul Only, Outbound Tender Volume Index – USA SONAR: LCWT1.USA, VCRPM1.USA Less-than-truckload rates reversed course in June after trending lower this spring, according to FreightWaves’ transportation invoice database. The move comes as the nation’s third-largest LTL provider struggles with coming to an agreement with the Teamsters over operational restructuring and the…
Teamsters President Sean O’ Brien lashed out Saturday at critics who say the union’s hard line in contract negotiations with UPS Inc. will push the economy into a recession, saying the burden of keeping the country out of a downturn falls on UPS, not the Teamsters. At a raucous, ear-splitting rally in UPS’ hometown of…
Lease signings for big-box facilities–those greater than 1 million square feet — fell 36% in the second quarter over the 2022 period, according to data from real estate services firm CBRE Group Inc. (NYSE: CBRE) published Friday. This triggered an 18% decline in total industrial space leased during the first six months to 373 million…