ABF Freight announced Wednesday after the market closed that it has reached a tentative labor deal with the International Brotherhood of Teamsters. A filing with the Securities and Exchange Commission said the two parties have agreed to terms on their national and supplemental labor contracts. The deal will need to be ratified by employees. A…
West Coast container port operations are being disrupted by a dispute over the size of dockworkers’ next pay raise, with disruptions now starting to affect ship operations. “We got a rash of vessel movements canceled overnight,” said Kip Louttit, executive director of the Marine Exchange of Southern California, on Wednesday morning. The MSC Jeongmin was…
Logistics real estate operator Prologis said it is seeing markets tighten significantly in Mexico as companies advance supply chain initiatives and move manufacturing closer to the end user. A Tuesday report on nearshoring showed net absorption — the amount of space that became occupied minus the space that became vacant — in Mexico’s six major…
Will Nikola Corp. shareholders vote to dilute the miniscule and still falling value of their shares by agreeing to double the number of authorized shares? Regardless of the outcome of Proposal 2 due Wednesday, Nikola pledges to keep trying. And it might get its way regardless. Nikola (NASDAQ: NKLA) and needed more than 50% of…
The results of a recent survey of 95 supply chain professionals by on-demand delivery platform Frayt reinforced the notion that providing seamless last-mile service helps shippers stand out in a competitive marketplace. Related article: Frayt raises $7M to expand Midwest last-mile services “Seventy-nine percent of respondents considered last-mile services very or extremely important to providing…