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 and Teamsters gear up to resume negotiations for a new labor contract. Talks focus on industry-leading pay and benefits for unionized workers.
UPS Inc. and the International Brotherhood of Teamsters will resume labor contract negotiations for the week starting July 24. The talks had stalled on July 5, despite the agreement on major issues like two-tier pay, overtime, and vehicle air conditioning. UPS is committed to boosting its industry-leading pay and benefits, and seeks a fair deal providing certainty to customers, employees, and businesses. Teamsters leadership has been meeting with its 340,000 UPS workers to discuss potential actions, including a strike if their demands are not met by the current contract's expiry on July 31.
Transportation stakeholders are closely watching the outcome of these high-profile negotiations.
For us, UPS went from getting >90% of our shipments, to "0" of the last 97 orders. USPS Ground Advantage absolutly smoked their prices, and delivery times are excellent pic.twitter.com/gBTUtoUtgp
— Tom Munro (@wthomasmunro) July 19, 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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