Breaking News
August Class 8 Sales Down 1%
U.S. Class 8 retail sales in August stayed about the same from the year-ago period but increased from the prior month, Wards Intelligence reported.
UPS Workers Approve New Union Contract
The 340,000 employees of UPS Inc. represented by the International Brotherhood of Teamsters have approved a new five-year labor pact with the company.
Truck Tonnage Dips 3% Year-Over-Year in July
Truck tonnage in July declined by 3% compared with the same month in 2022, the fifth consecutive year-over-year decline and an indication that softness in the freight market persists.
July Class 8 Sales Up 2.5% Year-Over-Year
U.S. Class 8 retail sales in July increased 2.5% from a year ago but were down from the prior month, Wards Intelligence reported.
Yellow Files for Chapter 11 Bankruptcy
Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.
UPS, Teamsters Reach Agreement on New Contract
UPS and the Teamsters have reached a tentative five-year collective bargaining agreement that covers more than 340,000 workers, the company and the union announced in separate statements.
June Truck Tonnage Ticks Down 0.8% on Annual Basis
Truck tonnage in June slipped 0.8% when measured against the same month in 2022, the fourth straight year-over-year decline, according to American Trucking Associations.
June Class 8 Sales Rise 7.7% Year-Over-Year
U.S. Class 8 retail sales in June rose 7.7% compared with the year-ago period, but slid marginally compared with May, according to Wards Intelligence.
Truck Tonnage Slips 1.3% in May
Truck tonnage in May continued its downward year-over-year trend, dipping 1.3% when measured against the same month in 2022.
PMA, ILWU Reach Tentative Six-Year Deal
A tentative six-year agreement has been reached between the Pacific Maritime Association and the 22,000-member International Longshore and Warehouse Union.