News in Brief podcast | Week 30 2024 | Surcharges, strikes and IATA's stressful settlements
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
The Teamsters union, which last week accepted a new five-year agreement covering 13,000 UPS Freight workers, increasing wages and strengthening pension benefits, has rejected to extend its contract with troubled YRC Worldwide. YRC has debts in the region of $1bn and this year has three significant debt payments to make. Filing for bankruptcy remains an option following the decision of 61% of YRC Teamsters to reject the extension until 2019 of a 15% wage reduction and 75% reduction in pension contributions.
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