Plus: Feds probe fatal Florida crash tied to CDL failures, Trucking recession deeper than 2008 for some, Truckstop.com scoops up Denim for AI payments, and more.
FreightWaves contributor Adam Wingfield argues that trucking remains in a “Great Trucking Recession,” with suppressed rates, bankruptcies, and structural challenges hitting small carriers harder than 2008.
Truckstop.com acquired fintech firm Denim to expand AI-driven invoice automation and faster factoring options for carriers and brokers, aiming to improve cash flow and streamline back-office operations.
UPS Teamsters vote overwhelmingly in favor of a tentative five-year, $30 billion agreement, promising significant wage hikes and benefits.
In a groundbreaking development for UPS Inc., Teamsters local unions, representing 340,000 full- and part-time UPS workers, have voted overwhelmingly in favor (161-1) to endorse a tentative five-year agreement with the company. The key figures of this landmark agreement include:
This proposed agreement will now be passed to the rank-and-file for ratification.
Source: FreightWaves
"The entire UPS Teamsters National Negotiating Committee stands behind this historic contract and our UPS local unions have resoundingly voted to endorse it," said Teamsters General President Sean M. O’Brien @TeamsterSOB pic.twitter.com/0loFyYUURA
— Teamsters (@Teamsters) July 31, 2023
Plus: A Florida trucker charged in a fatal illegal U-turn crash, C.H. Robinson earns back its S&P upgrade, truck OEMs ditch the clean truck pact, and more.
FMCSA’s renewed English-language proficiency checks are sidelining drivers and igniting debate.
Truck manufacturers face steep order declines as regulatory rules remain unclear and tariff policy shifts. Some signs of recovery emerge, but the outlook stays cautious.
Six people died in a Charlotte underride crash, highlighting the severe dangers of cars sliding under tractor trailers.
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