"We're basically in the center of the United States. As middle as you can get. Every class one railroad comes through Kansas City. It makes it very unique."
Freight fraud is a multi-billion-dollar problem, and the old verification model is broken. Here’s the new standard every broker needs to build toward in 2026.
S&P is cautiously optimistic about the freight recovery, but it still kept RXO's rating below investment grade. Plus: the Strait is set to reopen, Volvo pulls the safety driver, the U.S. goes after cheap trailers, and more.
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 🇺🇦🚚✈️ (@benjaminhgordon) July 25, 2023
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
Plus: 170+ truckers removed in Florida, new bill proposes $5M motor carrier insurance, truck sales take a huge dive, and more.
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