New Pension Proposal Surfaces; Won’t Fix Some Teamsters Funds
Draft legislation that’s intended to preserve retiree pensions has surfaced in the House of Representatives, but the proposal won’t offer any relief for about 400,000 Central States Pension Fund Teamsters who face an uncertain financial future.
October 3, 2016Higher Driver Pay Overtakes Fuel as Fleets' Top Expense, ATRI Says
Trucking’s operational costs fell 6% per mile last year, on a year-over-year basis, helped by a 31% drop in fuel prices that outweighed the highest-ever driver pay as well as increased insurance and truck payment expenses.
October 3, 2016Tough Times for Intermodal as Freight Slows, Execs Say
HOUSTON — Intermodal businesses that have become accustomed to long-term growth likely are facing tougher times ahead in the form of a recession, changing freight patterns and other obstacles.
September 26, 2016Experts Paint Grim Picture for Intermodal Growth
HOUSTON — Intermodal businesses that have become accustomed to steady long-term growth are facing the prospect of tougher times ahead in the form of a likely recession and changing freight patterns, three industry experts said Sept. 19.
September 19, 2016Driver Pay Levels Flatten
Driver pay increases during the second quarter sank to the lowest level in seven years as fleets show almost no interest in raising compensation to attract drivers when lackluster freight levels don’t require that step, according to an industry official who studies pay levels.
September 19, 2016Hanjin’s Stranded Cargo Begins to Flow at US Ports
Cargo stranded by the Hanjin Shipping bankruptcy slowly began to flow through U.S. ports last week, offering the first small signs of relief for truckers and their customers.
September 19, 2016CRST Buys Gardner to Broaden Services
CRST International Inc. last week announced it has acquired Gardner Trucking Inc., the largest trucking acquisition announced so far in 2016, a move that lets CRST broaden its service offerings.
September 19, 2016Teamsters Car Haulers Again Reject Tentative Deal
Teamsters who deliver new cars and trucks have again rejected a tentative contract agreement, prompting union leaders to evaluate the next step in the long-running saga.
September 16, 2016Some Freight Carriers Raising Rates Despite Uncertain Market Conditions
Several freight companies, including UPS Inc., have announced rate increases in the early fall despite the uncertain freight market.
September 12, 2016Largest Ever Ship Line Failure Triggers Broad Cargo Turmoil
Truckers and the entire global shipping supply chain faced a broad array of complicated choices last week arising from Hanjin Shipping Co.’s bankruptcy that has left tens of thousands of shipments in limbo — stranded at sea, idle in ports or a burden for truckers.
September 12, 2016