News in Brief Podcast | Week 51 | Airfreight peak, management shuffles and automation impasse
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
Tomorrow, the fate of Canada’s west coast ports will be decided, as the ILWU Canada takes a vote on the proposed ‘tentative deal’.
The vote will mean work will stop between 8am and 4pm Pacific Time on Tuesday across all relevant ports.
The package, which is being recommended by the ILWU caucus, will see a compounded 19.2% wage increase over four years, taking the median salary to $162,000 – not including benefits or pensions, which will see an 18.5% increase, according to CNBC. Each strike day will take three to five days to recover from.
Meanwhile, eeSea reports today: “This weekend once again showcased some definitive moves from carriers reacting pessimistically to the events on the west coast. Our team has noted three new diversions and one new port swap, bringing the total to seventeen port swaps and thirteen diversions.
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