Logistics News
Teamsters, YRC Strike Tentative Deal on Labor Contract
The chief negotiator for the Teamsters union announced that a tentative accord has been reached with YRC Worldwide for a new collective bargaining agreement covering 24,000 drivers and freight handlers at YRC Freight, one of the nation鈥檚 largest less-than-truckload carriers, and two of YRC鈥檚 regional freight carriers, New Penn Motor Express and USF Holland.
March 22, 2019Maersk Tests Biofuel as It Sets Sail for 2050 Carbon Neutrality
A.P. Moller-Maersk A/S is about to conduct the shipping industry鈥檚 biggest test yet of biofuel as it seeks to cut emissions and meet its target of becoming carbon-neutral by 2050.
March 22, 2019Trump Says China Deal 鈥楥lose鈥 Ahead of New Talks
President Donald Trump said March 22 that a trade deal with China is close as he prepared to send his negotiators to Beijing for a fresh round of talks next week, but U.S. officials downplayed the prospect of a swift conclusion.
March 22, 2019Yilport Said to Be in Talks for $2 Billion California Terminal
Turkey鈥檚 Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, Calif., a deal that would value the facility at close to $2 billion, people with knowledge of the matter said.
March 22, 2019GM Plans Electric Investment in Michigan Plant
General Motors Co. will throw a bone to President Donald Trump on March 22 by announcing an investment in its electric-car plant north of Detroit after enduring days of intense criticism for idling an Ohio factory.
March 21, 2019Florida Farmers Push Protection as Trump Seeks USMCA Approval
Manatee County, Fla., tomato farmer Gary Reeder says he has seen the county鈥檚 tomato industry 鈥渂asically cut in half鈥 during his lifetime. Reeder says Florida tomato farmers struggle to compete with their counterparts in Mexico.
March 21, 2019Jobless Claims Fall More Than Expected to Four-Week Low
Filings for U.S. unemployment benefits fell more than expected to a four-week low, as the labor market tightens further following the end of a five-week government shutdown.
March 21, 2019UK Trucker Shortage to Worsen After Brexit, Haulage Group Says
Brexit is set to exacerbate a chronic shortage of drivers among U.K. haulage companies, according to a study from the International Road Transport Union.
March 21, 2019Trump Suggests GM Should Sell Idled Ohio Auto Plant
President Donald Trump said March 20 that General Motors Co. should sell an idled plant in Lordstown, Ohio, or restart production. The company said it鈥檚 received inquiries about factory.
March 21, 2019BMW Pushes on With UK-Made Electric Minis as Brexit Looms
BMW AG will start production of an electric Mini model in the U.K. later this year even as carmakers grapple with the implications of the latest twist to Britain鈥檚 exit from the European Union.
March 20, 2019