UPS Inc. and its union will resume labor talks July 25 after negotiations had stalled earlier this month as the company seeks to head off a strike that could occur as early as Aug. 1.
July 19, 2023Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
UPS, Teamsters Agree to Resume Talks July 25
June Medium-Duty Truck Sales Increase 22.7%
U.S. medium-duty truck retail sales increased 22.7% in June compared with the year-ago period, according to Wards Intelligence data.
July 19, 2023Volvo Group Q2 Profit Nudges Higher, Margin Improves
Volvo Group posted net income of $1.06 billion, or 52 cents per share, in the three months that ended June 30, compared with $1.03 billion, or 50 cents, in the year-ago period, the company said.
July 19, 2023Michigan Plans Fast-Charging EV Hub for Trucks on I-96
Michigan is joining California and other states in reimagining tomorrow’s truck stops, moving forward with the development of a high-speed charging hub for freight vehicles.
July 19, 2023FMCSA Embarks on New Effort to Catch Fraudulent Movers
The Federal Motor Carrier Safety Administration this spring conducted more than 100 investigations into household goods moving fraud, and is proceeding with 60 enforcement actions.
July 19, 2023UPS Pilots to Honor Picket Lines if Teamsters Strike
The pilots union at Sandy Springs, Ga.-based UPS Inc. plans to honor picket lines in the event of a Teamsters strike against the shipping giant.
July 19, 2023J.B. Hunt Reports Year-Over-Year Declines for Q2
J.B. Hunt Transport Services experienced a year-over-year decline in earnings and revenue during the second quarter, the company reported July 18.
July 19, 2023High Cost of Hydrogen Remains a Drag on Adoption
If hydrogen fuel cell technology is going to become a desired and viable electric vehicle power source, the cost will have to come down.
July 18, 2023Stellantis Sees Risk of New Chip Shortage on Demand Surge
Stellantis NV expects semiconductor shortages to re-emerge on growing demand for electric vehicles at a time of increased geopolitical risk, making the current respite short-lived.
July 18, 2023XPO Bolsters Capacity With Expansion in Georgia
XPO has completed the expansion of one of its service centers near Atlanta in an effort to grow capacity in the area, the company announced July 13.
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