The Teamsters union and European labor representatives last week tried, but failed, to force a meeting with XPO Logistics Inc. CEO Bradley Jacobs to discuss union issues.
May 16, 2016Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
XPO Rebuffs Meeting Unions on Complaints
European Logistics Operators Deutsche Post, DSV Boost First-Quarter Results
Two European logistics operators with a U.S. presence have reported higher first-quarter earnings by raising profit margins on businesses such as small parcels and ocean freight.
May 13, 2016Hapag-Lloyd, Five Asian Liners Form New Shipping Alliance
Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid a glut in capacity that’s depressed freight rates.
Consumer Comfort Drops to Five-Month Low on Economic Views
Consumer confidence fell last week to a five-month low as Americans became more downbeat about the economy, Bloomberg Consumer Comfort data showed May 12.
XPO Rebuffs Teamsters Effort to Press US, Global Union Issues
The Teamsters and European labor representatives attempted to force a meeting with XPO Logistics CEO Bradley Jacobs to discuss union issues but were rebuffed by the company at its annual meeting.
May 11, 2016Registration Opens for National Student Technician Competition
Registration is now open for the 2016 TMC FutureTech National Student Technician Competition.
May 11, 2016Maersk Earnings Fall, Hurt by Weaker Ocean Freight Rates
Danish firm Maersk Group, owner of the largest ocean carrier, earlier this month reported first-quarter earnings plummeted nearly 90% to $224 million, weighed down by an even greater profit decline at Maersk Line due to downward pressure on container freight rates.
May 9, 2016Deutsche Post Stands by Growth Targets as Amazon Threat Looms
Deutsche Post AG stood by profit targets through the end of the decade, dismissing the threat posed by customer Amazon.com's expansion into parcel deliveries.
XPO, Estes Agree to Pay $13 Million to Settle DOD Overcharge Claims
XPO Logistics Inc. and Estes Express Lines have agreed to pay a total of $13 million to settle overcharge claims in connection with the Defense Transportation Coordination Initiative program, a federal contract that was meant to lower military logistics costs.
Shippers Feeling Railroaded With Prices Up Even as Freight Falls
All major North American railroads pushed through rate increases earlier this year even as freight fell the most since 2009.