Will truckers answer the call to boycott Florida on Saturday?

Hundreds of social media posts in recent days have called for truck drivers to boycott picking up and delivering freight in Florida on Saturday — the date the state’s new law targeting undocumented immigrants takes effect.  Florida Gov. Ron DeSantis signed SB 1719 into law in May, which targets undocumented immigrants by requiring employers to…

UPS, Teamsters make ‘significant movement’ on economic terms in contract

UPS Inc. has made a contract offer to the Teamsters union that the union said Friday represents “significant movement” on wages, benefits and worker classification language. The company has also pledged to have a deal done by Wednesday to cover 340,000 Teamster employees, the union said. Despite the progress, it isn’t enough, the union said…

Consumer staples earnings reports bring yet more evidence of demand weakness

The pandemic bubble was wonderful while it lasted for all manner of goods companies but they’re seeing the other side of it now and it doesn’t look so appealing to investors.  This week brought earnings reports from three branded packaged food and beverage companies, and volume/demand pressures took center stage. That’s no surprise: Americans have…

No freight market fireworks in 2023

This week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 30 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…