A penny stock wiped $4.8B off C.H. Robinson's market cap yesterday. Plus: self-driving trucks are now running 1,000 miles nonstop, STG Logistics cleared a major bankruptcy hurdle, the FMCSA revoked nine ELDs, and more.
For a long time, secure parking lived in the ānice-to-haveā bucket. That framing no longer works. In todayās environment, secure parking functions as a preventative security layer.
Hereās whatās trending across freight and logistics on X, LinkedIn, Reddit, and YouTube.
Negotiations between UPS and Teamsters hit a roadblock with the union rejecting the company's offer. A strike looms if no agreement is reached.
The International Brotherhood of Teamsters, representing UPS employees, has rejected an offer from UPS during national contract negotiations Wednesday morning. UPS told the union they had nothing more to give following a marathon of negotiations. Key areas of disagreement include wages and pensions, with the union threatening to strike on August 1st if an agreement is not reached. This could potentially disrupt UPS's vast package delivery network and have a substantial impact on the U.S. economy. Labor disputes like this one can significantly affect supply chain operations, adding further strain to an already strained logistics sector. A potential strike could disrupt millions of deliveries daily, affecting numerous businesses and individuals who rely on UPS services.
Source: Supply Chain Dive
Throwback to delivering COVID vaccines before we were allowed to get vaccinated ourselves š¦
— Matt Leichenger (@mattleichenger) July 5, 2023
We ā¦@Teamstersā© put our lives on the line during the pandemic while ā¦@UPSā© earned historic profitsš°
Itās time to PAY UPā¼ļø pic.twitter.com/BulAilKvLV
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Plus: a $400K lobster shipment stolen en route to Costco, a $7M cocaine bust, Californiaās non-domiciled CDL crackdown's legal challenge, and more.
Lineage will acquire and build cold-storage facilities in partnership with Tyson Foods, investing nearly $1 billion to streamline Tysonās 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.
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