OVERLAND PARK , Kan. —Less-than-truckload transportation services provider YRC Worldwide said today it has reached a tentative agreement with the International Brotherhood of Teamsters to modify terms of its current labor agreement for company employees covered under the National Master Freight Agreement. YRCW officials said that detail...
Louisville , KY — CEVA Logistics has launched the operation of an inbound manufacturing support facility for Ford Motor Company ’s Kentucky Truck plant. The Louisville operation, which is located in close proximity to the plant, provides small lot market place replenishment, container management as well as just...
JACKSONVILLE , Fla. — CSX Corporation told shareholders that d ue to a double-digit traffic decline, r evenue and earnings fell off steeply. Spokesmen for CSX said second quarter earnings of $308 million, or 78 cents a share, versus $385 million, or 93 cents a share, last year. Excluding the impact of discontinued operations...
OVERLAND PARK , Kan. —Less-than-truckload transportation and logistics services provider YRC Worldwide wants an additional 5 percent wage cut, an 18-month pension contribution freeze and a reduction in health and welfare contributions termination period as part of its fight for survival. The wage cut, on top of a 10 percent wage giveback ...
SAN FRANCISCO --At least one shipping industry analyst has found a silver lining in the current marketplace: the yawning balance of trade is narrowing. According to Nigel Gault, chief U.S. economist for IHS Global Insight , exports are showing a “welcome” improvement. “We had antic...
That’s according to Steve Odland, chairman and CEO of Boca Raton, Fla.-based Office Depot, the $14.5 billion-a-year office supply company that operates in 48 countries through a network of more than 1,700 stores. Odland spoke Wednesday at the U.S. Chamber of Commerce “CEO Leadership Series” luncheon in Washington . &...
Foreign direct investment (FDI) in China fell in June for the ninth straight month, but the decline narrowed, adding to signs of an economic recovery, the Ministry of Commerce said Wednesday. Actual FDI in June totaled $9 billion, down 6.8 percent from a year earlier, while the number of new approved foreign companies totaled 2,529, d...
Crisis and protectionism always come together, but US companies need to be treated fairly in China , US Commerce Secretary Gary Locke told China Daily in an exclusive interview Wednesday. For instance, he pointed to occasions in which the distribution of Chinese stimulus money was limited to Chinese companies making goods in China . While...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi