Monday, August 27, 2012
UPS said late last week it has reached an agreement with the New England Teamsters and Trucking Industry Pension Fund (NETTI) to restructure pension liabilities for more than 10,000 UPS employees.
Posted on 08/27 at 11:43 AM
The economic environment in Europe faces the same mounting challenges as it has in recent months, with no clear remedy in sight. That was a major theme of the most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
Remaining members comprise Hapag Lloyd, COSCO, K Line, Evergreen, Hanjin, Yangming HMM, OOCL and NYK.
Friday, August 24, 2012
According to MCAA executive director, Robert L. DeCaprio, there’s been considerable speculation on the vulnerability of transport giants FedEx and UPS in the “same day” niche.
Posted on 08/24 at 12:40 PM
An effort focused on national domestic freight initiatives was introduced this week by United States Department of Transportation (DOT) Secretary Ray LaHood.
Posted on 08/24 at 11:13 AM
Carload volume—at 293,916—was down 2.1 percent annually, and intermodal volumes—at 247,224 trailers and containers—were up 3.6 percent.
Thursday, August 23, 2012
Where there once appeared to be hope regarding avoiding a labor strike at East and Gulf cost ports, there are now, again, apprehensions over a potentially damaging labor-related squabble that could have a significant impact in shippers’ Peak Season operations planning.
Posted on 08/23 at 09:56 AM
Transportation and logistics merger & acquisition deal activity in the second quarter continued the solid momentum seen in the first quarter and also was in line with deal making activity from the same quarter last year, according to PricewaterhouseCoopers (PwC) quarterly report, entitled “Intersections: Second Quarter 2012 global transportation and logistics industry mergers and acquisitions analysis.”
Wednesday, August 22, 2012
Abandoning its longstanding commitment to a collective approach in bargaining with the Teamsters, financially ailing ABF Freight System has informed the union it is pulling out of the National Master Freight Agreement and will negotiate a separate contract.
The offer period for UPS’s $6.28 billion acquisition of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator will be extended from its original expiration date of August 31 to November 9, according to UPS and TNT officials.
Posted on 08/22 at 09:43 AM
Global Logistics •