Class 8 truck orders were soft as expected in June with manufacturers offering few build slots until they open order books for 2024 as soon as next month. But even when OEMs begin taking orders, expect bookings to remain slow as the focus remains on bringing balance to months of orders yet to be produced….
Shippers can only hope and pray that UPS Inc. (NYSE: UPS) and the Teamsters can move beyond their differences and get a deal done. Talks collapsed during the wee hours of the morning Wednesday for reasons known only to those inside the heavily guarded bargaining room. What is clear is that time and opportunities are…
A former driver for Ameritrans Express, a contract delivery company that delivers mail for the U.S. Postal Service, says he is owed more than $15,000 in back wages, overtime and mileage reimbursement. However, he says he and other former Ameritrans drivers are concerned about when or whether they will get their money after the Virginia-based…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking about contract negotiations between UPS and the Teamsters union collapsing. FreightWaves’ Rachel Premack explains what happens to more than 24 million packages if UPS workers go on strike. With some shippers trying to push for 180-day payment terms, we’ll also look at what’s happening in…
Supply chain activity hit a new low in June, according to data collected in the Logistics Managers’ Index (LMI). A Wednesday report showed the LMI stood at 45.6 in the month, 1.7 percentage points lower than in May and a fourth straight record low for the data set. A reading below 50 indicates contraction while…