Download Digest INDUSTRY NEWS Mitigating volatility in 2023: After negotiations between the freight railroads and railroad labor unions failed to reach an agreement with all 12 unions, President Biden signed legislation to prevent a national rail strike on December 2nd. The U.S. business inventory to sales ratio is 1.33, illustrating a balance not seen […]
Download Digest INDUSTRY NEWS The International Brotherhood of Boilermakers became the third union to turn down a tentative agreement that was negotiated in mid-September by the railroads and the Biden administration. Today, seven unions have approved contracts, two unions are scheduled to vote on November 21 and three have rejected their agreements. Strike three […]
Download Digest INDUSTRY NEWS The headlines surrounding the ILWU labor negotiations with Pacific Maritime Associations (PMA) are less optimistic, with accusations being traded about productivity and work assignments. Assurances that a strike is not inevitable are being supported by both sides in the negotiations. The Los Angeles and Long Beach ports are current in […]
Download Digest INDUSTRY NEWS The U.S. freight railroads and unions reached a tentative agreement this week to avert what could have been a nationwide strike. The tentative contract agreement was accepted by the unions with the Locomotive Engineers and Trainmen and Sheet Metal Air, Rail and Transportation Workers stating they will submit the tentative agreement […]
Download Digest INDUSTRY NEWS The American Trucking Association released its Driver Compensation Study which covers data points from 2021. Drivers’ median compensation rose 18% to $69,687 in 2019. The American Transportation Research Institute’s (ATRI) Annual Analysis of the Operational Costs of Trucking is out for 2022. Interesting data points reflect the following: The average […]
Download Digest INDUSTRY NEWS Noteworthy News: The U.S. Supreme Court recently ruled to deny hearing the California Trucking Association’s petition over the California state’s Assembly Bill 5. AB 5, as it is known, applies an ABC Test to independent contractors. The ABC Test consists of three parts as illustrated below. Section B of the […]
Download Digest INDUSTRY NEWS The ILWU and PMA issued joint statements on the recent negotiations to reassure shippers that both parties are committed to finalizing a new labor contract and avoiding a port disruption. The negotiator’s state, “The timing is typical, and cargo operations continue beyond the expiration of the contract. Neither party is […]
Download Digest INDUSTRY NEWS Knight-Swift continues investment in its LTL network with over 13% of its revenue now generated by its LTL subsidiaries. About 5% of the U.S.’s oil refining capacity remains shut since the pandemic. To make matters worse, 1.69 million barrels of U.S. capacity is targeted for closure compared to 2019 levels, according […]
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