An official bankruptcy filing is expected any day for Yellow Corp., after years of financial struggles and growing debt. Its expected liquidation would mark a significant shift for the U.S. transportation industry and shippers nationwide.
Some 340,000 UPS employees are inching toward a strike, threatening the largest work stoppage in over half a century, that could upend a part of the broader package delivery system that Americans have come to depend on.
Negotiations between the delivery company and the union representing 340,000 of its workers have been at a standstill for more than a week with a July 31 deadline for a new contract approaching fast.
The expansion will double shipping capacity and add automation technology that the company said will increase the speed with which merchandise gets sent to Walmart stores.
The Teamsters represent more than half of the company’s workforce in the largest private-sector contract in North America. If a strike occurs, it would be the first since a 15-day walkout by 185,000 workers crippled the company a quarter-century ago.
The Teamsters represent more than half of the company’s workforce in the largest private-sector contract in North America. If a strike occurs, it would be the first since a 15-day walkout by 185,000 workers crippled the company a quarter-century ago.
Arrive CEO Dan O’Toole said he is targeting early 2024 to make the initial public offering. The company has secured the ticker symbol ARRV.
IBJ recently chatted with Phil Wahl, president and chief operating officer of Atlas Logistics Inc., about the impact of the consolidations and the company’s outlook for the rest of 2023.
Walmart on Thursday will host a ceremonial grand opening for the 2.2 million-square-foot, three-story facility, which will eventually employ up to 1,000 people.
NewCold said the expanded facility at Lebanon Business Park will be the largest automated cold storage building in the United States.
MW Cold, a fourth-generation company that operates two large cold-storage facilities in central Indiana, is under new ownership.
The last time UPS workers walked of the job more than two decades ago, it crippled the shipping company. An emboldened union is threatening to do the same, and this time the disruption would be far greater.
Developer Ambrose Property Group began construction on the $60 million facility, known as Mount Comfort Logistics Center Building V, in March 2022.
A bipartisan group of two dozen lawmakers is asking the SEC to put the brakes on an initial public offering by Chinese fast-fashion retailer Shein—which has major operations near Indianapolis—until it verifies it does not use forced labor.
Postmaster General Louis DeJoy says his plan to dramatically increase postage rates could spell trouble for some businesses relying on mailing and shipping costs that have been kept low at the expense of the Postal Service’s financial stability.
Within three years, the unit cost of moving goods will fall 20% as warehouse robots play a larger role in speeding goods to customers, Walmart said in a statement Tuesday.
The package delivery company said Wednesday that FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies will be rolled into a single entity in a companywide reorganization designed to save $4 billion.
A bill letting beer wholesalers cash in on lucrative liquor-based drinks would “expand their monopolistic advantage” and hike prices for consumers, argues a leading wine and liquor organization.
In addition to adding more than 100 jobs at the center, the company has tapped China-based logistics tech firm Geek+ to provide automation and robotics for the facility.
Citing “changing market conditions,” the company said in a letter to the Indiana Department of Workforce Development dated Wednesday that the closure would be permanent.
