Plus, cargo theft risks spikes ahead of Memorial Day, April sees drop in freight, a Wisconsin carrier and brokerage file for bankruptcy, and more.
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
Trucking firm Elite Carriers and brokerage affiliate ECI Inc. have filed for Chapter 11 bankruptcy, joining three other entities owned by Kirk Ecklund in seeking protection.
UPS is facing a potential large-scale strike from the Teamsters Union if a better offer isn't delivered soon, threatening significant economic and business impacts.
The Teamsters Union has warned UPS that a driver's strike might be imminent if the company does not provide a better offer by Friday. After a subpar offer from UPS, the union has given the company a week's notice to improve its proposal. The potential strike, which could begin in August if no agreement is reached, might become the largest single employer strike in U.S. history, with around 340,000 drivers potentially walking off the job.
Such an action could significantly impact the U.S. economy and UPS's business, as UPS reportedly delivers about 6% of the country's GDP and 25 million packages daily. The union's demands include the elimination of two-tiered pay, increased pay for part-time workers, better job security, more full-time jobs, and harassment protection.
Source: The Washington Times
We all deserve raises. Raises that benefit us too not just the company. They're more worried about their stock price and shareholders versus the people (US) who worked through a pandemic without hazard pay. $2.50 over 5 years with the 1st 3 years being split raises is insulting!
— RICH REESE (@realRICHREESE) June 30, 2023
Lineage will acquire and build cold-storage facilities in partnership with Tyson Foods, investing nearly $1 billion to streamline Tyson’s supply chain and expand cold-storage capacity nationwide.
A report from Everstream.ai details how the 2024 US elections could sway the supply chain, affecting cross-border trade and commodity markets.
Here's the latest on freight rates and hot routes as we look forward to Q3. Get insights from experts on navigating the summer season.
Over 57% of consumers are ready to shop greener to reduce environmental impact. As regulations tighten, companies must update their logistics strategies.
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