President Joe Biden - Kamala Harris Administration

Stocks erased early gains Thursday and closed sharply negative, even as hopes built that the Federal Reserve is done hiking rates this year and techs got a boost from a rally in Meta (META) post-earnings.

EL with the LG touch

Joe just let the record go so he can start the next record breaking streak tomorrow. The Dark Brandon abides.
 
  • Like
Reactions: StarRaider
I didn’t know Yellow were in such bad shape. Still plenty of LTL carriers to choose from, but now I wonder if any of them are making money.

SEFL, SAIA, XPO, FedEx Freight all seem to be doing fine but none are union.

I'm afraid UPS just signed it's death warrant with there latest teamster contract.
 
Thanks Hog, good to know. I’ve had FedEx Freight in here every day lately, they’re my go to carrier for the bulk of our business.

We work for all of them and I knew Yellow wasn't doing very well, cancelled several projects and cut back on maintenance work but didn't know they were in that bad of shape. FedEx is in the process of consolidation/combining all of their operations Ground, Freight, Express will all be one operation here soon.
 
Just curious as to why you believe that about the UPS/ teamsters contract?

I would guess this deal only benefits employees and the union and not the company. You can assume this will lead to them increasing shipping rates to help cover their losses and people/companies will look for more cost effective shipping options.
 
  • Like
Reactions: AM64
Advertisement

Back
Top