According to a report issued Thursday, China's share of global trade growth will fall by half over the next five years as enterprises diversify their international production and distribution networks and the country focuses more on expanding its local supply base. According to the analysis, which was created by New...
Three additional freight railroad unions secure tentative deals.
The National Carriers' Conference Committee stated that three more railroad unions have struck tentative agreements with US freight railroads on a new labor contract (NCCC). The International Brotherhood of Teamsters' Brotherhood of Maintenance of Way Employes Division, the International Brotherhood of Boilermakers, and the International Association of Sheet Metal, Air,...
Class I railroads will halt security-sensitive goods ahead of a possible strike.
The Class I railroads are ready to alter operations in the event of a strike on September 16, stating that shipments of security-sensitive and hazardous cargo will be suspended. Norfolk Southern Chief Marketing Officer Ed Elkins described how NS (NYSE: NSC) would begin to apply embargoes for specific types of...