🎣 Chicago Takes the Crown
Plus: Brokers return, Hormuz spikes rates, LTL stays stuck in a tough year, and more.
Non-FedEx shippers may find it challenging to secure services if a strike occurs at UPS, warns a Shipware LLC consultant.
Despite expectations, Class 8 truck orders remain steady. With all order slots filled, the production for Q4 2023 is anticipated to be strong.
Despite falling short of economists' expectations, June's retail sales rose by 0.2%, signalling a slowing yet steady consumer demand amid inflation worries.
UPS and Teamsters gear up to resume negotiations for a new labor contract. Talks focus on industry-leading pay and benefits for unionized workers.
Yellow Corp. accuses Teamsters of causing its financial crisis, leading to benefit payment deferment and potential labor strike threats.
JB Hunt reports an 18% YoY drop in Q2 revenues due to a persistently weak freight market. The company seeks cost-effective strategies.
ATA's For-Hire Truck Tonnage Index shows a 0.8% YoY dip in truck tonnage for June, despite a month-to-month rise. Freight market remains in a down cycle.
Yellow Corp. defers contributions, risking a Teamsters strike. The move is an attempt to conserve liquidity while securing additional financing.
Port labor deal collapses in British Columbia as ILWU rejects the agreement, resuming strike activity and impacting US rail imports.
Truckstop acquires FreightFriend, utilizing AI to enhance freight matching activities and empower brokers and carriers with streamlined operations.
UPS pilots pledge solidarity with Teamsters, promising to halt flights if a strike occurs. The move puts UPS's labor costs and customer relationships at risk.
Exploring 2023 beverage season's impact on freight volumes, consumption trends, inventory management, and carrier challenges. See how beverage consumption shifts are driving the logistics industry.
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