Wednesday, January 22, 2014
The average price per gallon of diesel fell 1.3 cents to $3.873 per gallon, following last week’s 2.4 cent decline.
Posted on 01/22 at 05:02 AM
Diesel Prices •
Following a tentative agreement announced late last week between less-than-truckload (LTL) transportation services provider YRC Worldwide and the International Brotherhood of Teamsters on an extension of the collective bargaining agreement of YRC’s 26,000 Teamsters employees to March 2019, details of the agreement emerged yesterday at a “two-person” meeting of local union officials.
Posted on 01/22 at 04:11 AM
YRC Worldwide •
Tuesday, January 21, 2014
Prime space for warehousing and distribution center development may soon become scarcer, say analysts for the commercial real estate service firm, Cushman & Wakefield.
Surplus oil production capacity cushions oil prices from surging demand and unplanned outages or other disruptions in oil production and delivery, notes Derik Andreoli, Ph.D.c., senior analyst at Mercator International LLC.
Menlo Worldwide Logistics LLC recently announced it has expanded in Malaysia with the opening of the Shah Alam Section 15 warehouse in the city of Selangor.
Monday, January 20, 2014
For YRC Worldwide, it’s onto Plan B in the wake of the stunning rejection of a five-year deal to continue 15 percent wage and benefit cuts by its 26,000 Teamsters workers.
Friday, January 17, 2014
Citing a compressed peak season and what it described as an unprecedented level of online shopping that included a surge of last-minute deliveries, UPS reduced its fourth quarter earnings guidance.
Posted on 01/17 at 04:49 AM
Carloads—at 256,849—were down 8.2 percent annually, and intermodal—at 235,987 trailers and containers—was down 6.7 percent.
Posted on 01/17 at 04:12 AM
2013 finished on a fairly high note for both the Port of Los Angeles (POLA) and the Port of Long Beach (POLB), lending further credence to the slow but steady trajectory of the economic recovery.
Thursday, January 16, 2014
YRC said yesterday it is in discussions with the Teamsters to gauge “the next steps to move the company forward” on the heels of last week’s vote, which saw 61 percent of YRC’s 26,000 Teamsters members reject a five-year deal to continue 15 percent wage and benefit cuts.
Posted on 01/16 at 05:09 AM