Mexico-based mega carrier acquires US logistics firm for $10M

Mexico-based transporter Traxion has acquired Las Vegas-based BBA Logistics for $10 million. Traxion officials said the acquisition is part of a plan to offer door-to-door cargo brokerage services in the U.S. as freight volumes from Mexico to the United States continue to rise because of nearshoring of manufacturing plants to the country. “With this acquisition,…

Teamsters president tells UPS union wants tentative agreement in 1 week

Teamsters union General President Sean M. O’ Brien told UPS that the union wants a tentative contract agreement within the next week that its leadership can support or that it will demand that the company present its last, best and final contract offer. The escalating rhetoric, included in a Tuesday statement, comes as UPS (NYSE:…

Yellow running out of options, sues union for $137M

Less-than-truckload carrier Yellow Corp. announced Tuesday that it has filed a $137 million breach of contract lawsuit against the International Brotherhood of Teamsters for blocking proposed changes to modernize how the carrier operates.   Yellow (NASDAQ: YELL) said the union doesn’t have the authority to stop a proposed change of operations, which the company views as…