Plus: LAPD busts a $3.9M cargo theft ring, Nuvocargo and UPS expand in North America, U.S. moves to ease rules for self-driving trucks, Funny Freight Friday, and more.
Funny Freight Friday: Same thing.
The marketâs brutal, sure, but for freight agents with the right tools, itâs prime hunting season. Hereâs how theyâre making it work.
UPS, Teamsters reach a tentative deal on a five-year contract, averting potential nationwide strike.
UPS Inc. and the International Brotherhood of Teamsters have tentatively agreed on a five-year contract, covering over 340,000 workers, preventing a possible nationwide strike. UPS CEO, Carol Tomé, dubbed it a "win-win-win" agreement. Key elements of the deal include a pay raise for full- and part-time workers of $2.75 per hour in 2023 and a total of $7.50 more per hour over the contract's length. Part-timers' pay will rise to at least $21 per hour immediately. Furthermore, the contract abolishes the two-tier wage system and adds 7,500 new full-time union jobs, while filling 22,500 open positions. Other perks include in-cab air conditioning for all large vehicles and Martin Luther King Jr. Day as a full holiday.
Source: Transport Topics
Did the Teamsters pick a fight with Yellow to get a better deal with UPS? https://t.co/285TnFplDH
— Benjamin Gordon đșđŠđâïž (@benjaminhgordon) July 25, 2023
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The companyâs stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
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