United Parcel Service (UPS) is offering severance packages to hundreds of pilots as the company adjusts to lower demand levels. The express giant has been busy reducing its fleet of aircraft and retiring older planes in recent months. The company said that it is offering the severance packages as part of its “effort to efficiently […]
Read MoreHong Kong International Airport’s cargo volumes rose by 3.8% YoY in July to 361,000 tonnes, marking the second consecutive month of growth. The increase was driven by exports which rose by 12.6% YoY in July, with traffic to and from key trading regions in North America, the Middle East and Europe rising considerably during the […]
Read MoreUS Forwarders Face Possible Supply Chain Disruptions from UPS and Yellow Freight Crises US forwarders are warned to get ready for the impact of possible strike action at UPS, and the financial troubles of Yellow Freight, one of the biggest U.S. LTL trucking companies, which is at risk of going bankrupt. Brandon Fried, executive director […]
Read MoreUPS and union representatives are scheduled to resume talks in the coming week as the threat of an impending strike looms, with less than two weeks remaining before the current deal with the Teamsters union expires on July 31. Express delivery company UPS is urging swift action to reach a resolution with the Teamsters union, […]
Read MoreFreight forwarders in the United States have been warned to prepare for potential strike action at UPS and the looming insolvency of major trucking firm Yellow Freight. The situation has raised concerns over the impact it may have on supply chains and the flow of goods across the country. Brandon Fried, the executive director of […]
Read MoreIn the recent Baltic Exchange air cargo market update, two crucial questions were raised regarding the state of rates and volumes in the industry. Addressing the issue of demand, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel, presented three potential scenarios. In his bullish thesis, Chan […]
Read MoreA potential strike that could have had adverse effects on the demand for industrial warehouses in North America’s thriving commercial property sector seems to have been avoided with a tentative agreement between union dockworkers and West Coast port operators. Late Wednesday, the Pacific Maritime Association and the International Longshore and Warehouse Union announced that they […]
Read MoreAs the bustling summer season kicks off, labor disputes have disrupted the flow of shipping in the United States. Members of the International Longshore and Warehouse Union have staged protests, resulting in congestion and delays at U.S. West Coast ports, as reported by CNBC. The average wait times for container vessels attempting to enter Los […]
Read MoreDuring fiscal year 2022 (October 1, 2021 – September 30, 2022), the Baltimore Field Office of CBP achieved a significant milestone by intercepting 239 stolen vehicles, surpassing all other CBP field offices nationwide. The total value of these vehicles amounted to nearly $11.5 million. This accomplishment highlights the effectiveness of CBP officers in preventing stolen […]
Read MoreWASHINGTON/LOS ANGELES, June 5 (Reuters) – Major retailers and manufacturers are urging the White House to step in and mediate the labor negotiations at West Coast ports, expressing concerns about potential disruptions to shipping during crucial holiday shopping seasons. This call comes after the closure of the largest terminal at the Port of Long Beach […]
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