Logistics

OMAHA, Neb. — Union Pacific on July 26 hired Jim Vena as CEO as the company cut its outlook after reporting disappointing results driven by weakening consumer demand and higher labor costs.

American Association of Port Authorities CEO Chris Connor announced he is retiring effective Oct. 1.

Canadian National Railway Co. reported revenue of C$4.06 billion ($3.1 billion) in the second quarter, down 7% and missing analysts’ estimates.

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.

Kentucky issued a temporary emergency order waiving federal hours-of-service rules and weigh station requirements through Aug. 18 for truckers assisting with storm relief efforts.

Union pilots who fly for FedEx announced on July 24 the rejection of a proposed multiyear contract from the company, with 57% of members voting against the deal.

Third-party logistics provider GSC Logistics Inc. has expanded service capabilities by acquiring transloading company MacMillan-Piper, the company announced July 24.

Some large retailers and other companies across the country are warning customers of potential delivery delays if there is a UPS strike.

Knight-Swift Transportation Holdings Inc. on July 20 reported that earnings dropped 71% year-over-year in the second quarter.

The union representing more than 7,000 dockworkers at two of Canada’s busiest ports is set for a key vote on a new contract today, potentially putting an end to labor unrest.