Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
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
A truck carrying flammable chemicals crashed and exploded on Route 3 in Clifton, NJ, killing the driver and forcing evacuations.
Q2 sees slower rate of trucking business exits, but market remains challenging. Here are the latest industry data and expert insights.
Driver wages remain the largest expense. Safety bonuses ($1,831 average) surpassed starting bonuses for the first time.
We are currently getting insider information from a freight broker who is dealing with this situation.
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