UPS Union Workers to Vote on Whether to Authorize a Walkout
UPS Inc.’s union workers will hold a vote on whether to grant authorization to Teamsters leaders to call a strike after the current five-year contract lapses.
CSX CEO Joe Hinrichs Wants Rail to Carry More Freight
CSX CEO Joe Hinrichs says he wants to repair broken relations with union workers and customers and attract more businesses to send their freight over rails instead of roads.
FedEx Boosts Profit Forecast, Cites Cost Cuts as Effective
FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.
FedEx to Cut Management Jobs by More Than 10%
FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for package delivery.
FedEx Implementing Ranking System for Delivery Contractors
FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners.
Union Pacific Profit Disappoints After Costly Winter Storms
Union Pacific Corp. reported fourth-quarter profit that missed analysts’ estimates as disruptions from winter storms drove up costs.
FedEx to Shrink Sunday Delivery Service to 50% of US
FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering e-commerce demand.
Shippers Decry ‘Notoriously Difficult’ Railroads at Hearing
Shippers urged the U.S. railroad regulator to create more competition in the industry during hearings in which Union Pacific Corp. was called to explain a spike in service restrictions.
Shipping Prices Fall in Inventory Glut, Upping Broker Deals
U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry. Shipping rates that spiked during disruptions caused by the pandemic have plummeted as inventory gluts across the U.S. lowered demand.
FedEx Delivery Contractors’ Threat of Black Friday Walkout Fizzles
FedEx Corp. defused a threat by its delivery contractors to walk off the job on Black Friday in protest of dwindling profits as a trade group representing disgruntled logistics company owners disbanded.