logistics
Washington (AFP) - Diverted cargo and supply chain disruptions have left businesses rushing to avoid an economic hit following the collapse of a major bridge in Baltimore after it was hit by a cargo ship. With vessel traffic at the Port of Baltimore suspended until further notice since Tuesday's accident, experts warn of knock-on effects but say these should be manageable in the near term. Baltimore is the biggest vehicle-handling port in the country, including cars and heavy farm equipment, Transportation Secretary Pete Buttigieg told a press briefing. He estimates there is between $100 and $...
AFP
New York (AFP) - UPS lowered its full-year outlook on Tuesday, citing a bigger than expected hit to volumes from recent labor talks as executives described the new contract as a "win win win." The delivery company, which reached a tentative new labor agreement last month with the Teamsters union to avert a strike, experienced a loss of 1.2 million packages a day due to strike fears, most of it from customers who diverted volumes to other users. Chief Executive Carol Tome said UPS was working hard to win back the business, describing the certainty of the agreement as a key element of long-term ...
AFP
New York (AFP) - The Teamsters union and shipping giant UPS announced Tuesday that the two sides had reached a tentative agreement on a five-year contract that would avert a crippling strike across the United States. Some 340,000 UPS workers had stood poised for a stoppage as Teamsters leaders pressed for increased wages. While backed by union leadership, the proposed deal now faces rank-and-file workers, who will vote on the agreement from August 3 to 22. News of the tentative deal drew cheers from business groups and from President Joe Biden, who is close to unions but has sometimes disappoi...
AFP
New York (AFP) - The Teamsters union and UPS shipping announced Tuesday that the two sides had reached a tentative agreement on a five-year contract that would avert a crippling strike across the United States. Some 340,000 UPS workers had stood poised for a stoppage as Teamsters leaders pressed for increased wages, including for part-time workers. While backed by union leadership, the proposed deal now faces rank-and-file workers, who will vote on the agreement starting August 3 and concluding August 22. The Teamsters described the agreement "overwhelmingly lucrative," listing provisions that...
AFP
New York (AFP) - UPS drivers came out in force Friday for a "practice picket" event organized by the Teamsters as the union edges towards a possible strike in light of stalled contract talks. Joined by progressive Democratic Representative Alexandria Ocasio-Cortez, workers at the UPS hub in Maspeth, Queens shouted demands for "fair contracts" and threatened to "shut it down" if the company doesn't return to the bargaining table with a better offer. The negotiations for a new four-year contract have loomed for months as a question mark in logistics, but the odds of a strike rose earlier this we...
AFP
New York (AFP) - The Teamsters, which represents hundreds of thousands of UPS employees, announced Friday that workers authorized a potential strike against the delivery service, handing union leadership additional bargaining powers during negotiations. An "overwhelming" 97 percent of Teamsters voted to grant Teamsters leadership the ability "to call a strike should UPS fail to come to terms on a strong new contract by July 31" when the current pact expires, the Teamsters said. UPS called the authorization vote and approval "normal steps in the labor union negotiations," the company said on it...
AFP
Washington (AFP) - US retailers are hustling to sell their stockpiles of Christmas decorations as the festive season approaches, after tangled supply chains caused many shipments to arrive only after the holidays last year. As major economies bounced back from the pandemic, companies had struggled to keep up with soaring demand, with manufacturing hit by factory shutdowns during virus outbreaks. The situation was worsened by a shortage of shipping containers, along with delays at ports from a lack of workers to unload products and transport them to retailers. It was "very difficult with supply...
AFP
San Francisco (AFP) - Uber and Google's autonomous vehicle unit Waymo on Tuesday said they are joining forces to get driverless trucks hauling cargo on roads across the United States. Due to the vast distances between American cities and with truck transport key to the economy, companies see self-driving as a way to cut costs and reduce risk. Waymo will allow its technology to mesh with an Uber Freight platform that connects truckers with loads in a spin on how Uber lets people summon rides using smartphone apps. "Uber Freight's network of shippers, carriers, and marketplace technology is a gr...
AFP
New York (AFP) - Walmart will lift starting pay for truckers to as much as $110,000 a year in the retail giant's latest move to recruit and retain logistics staff in the tight US labor market. The new salary level compares with current pay averaging $87,500 for first-year drivers and is roughly twice the average $56,491 annual pay for a long-haul driver, according to data cited by Walmart. Whether a new driver can make the full $110,000 depends on factors such as miles driven and location, a Walmart spokesman said. The aim is to make working as a driver for the company a "destination job," Wal...
AFP
Washington (AFP) - Boeing launched a new freighter jet Monday while announcing a pair of major agreements with Qatar Airways, in a boost to the still-struggling US aviation giant. The deal with the Middle Eastern carrier was unveiled at a White House ceremony attended by top US and Qatari officials, and includes the sale of 34 777X freighters, plus options for 16 more planes in the latest incarnation of Boeing's storied dual-aisle 777 line. Boeing said the $20 billion value of the Qatar Airways deal constitutes the largest freighter commitment in Boeing history. The airline also reached an a...
AFP
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