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UPS, Teamsters Extend Labor Negotiations to Finish Side Accords

UPS, Teamsters Extend Labor Negotiations to Finish Side Accords

Posted: August 7, 2018 | Newsletter

United Parcel Service Inc. and the Teamsters agreed to extend their current labor contract past its July 31 expiration to wrap up 38 supplemental accords with locals, the union said.

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Top 25 Full Trailer Trucking Companies in 2017

Top 25 Full Trailer Trucking Companies in 2017

Posted: May 15, 2018 | Newsletter

Until last year, LTL carriers were largely immune from the driver shortage that's plaguing growth in the truckload (TL) sector. The
American Trucking Associations (ATA) estimated that the industry is short about 50,000 drivers right now, with some of those shortages in the LTL sphere.
 

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Top 25 Less Than Truckload Companies in 2017

Top 25 Less Than Truckload Companies in 2017

Posted: May 15, 2018 | Newsletter

Logistics Management discloses in its annual examination of the Top 25 trucking companies, nearly all of the Top 50 carriers are profitable, some with eye-popping efficiencies, such as Old Dominion Freight Line's (ODFL) industry-leading 82.5 operating ratios for last year. Keep in mind ODFL is posting that impressive ratio while growing annual revenue 10% to more than $3 billion last year.

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Container Rates Continue Downward Spiral

Posted: May 15, 2018 | Newsletter

Spot pricing has slipped again on almost every major east-west trade and remains significantly below 2017 levels, a trend that could be compounded by the introduction of additional capacity during the first quarter. 

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Is There a New US Based Parcel Service Being Born in Front of Our Eyes?

Is There a New US Based Parcel Service Being Born in Front of Our Eyes?

Posted: March 20, 2018 | Newsletter

Pitney Bowes Inc. took a big leap into the U.S. parcel shipping market by acquiring privately held Newgistics Inc., a provider of reverse and forward parcel shipping services, for about $475 million. The transaction, which has been the subject of industry rumors for several months, will merge Pitney's formidable IT capabilities with Newgistics' physical distribution network, which processes 100 million parcels a year-more than half the volume moving through the U.S. Postal Service's fast-growing "Parcel Select" product, where large parcel consolidations managed by firms like Newgistics are inducted deep into the postal delivery infrastructure for final deliveries to residences. 

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