Canada Post has recommended a "cooling-off period" of about two months in which the company and the union representing its workers try to end a lengthy dispute.
The Crown Corporation said today that as part of the cooling off, the rotating strikes that have hit the company in various parts of Canada would need to come to an end "immediately." During the cooling-off period, the two sides would again turn to a mediator and "introduce a process to achieve a final resolution."
"With the rotating strikes, resulting backlogs, and the massive Black Friday and Cyber Monday volumes that will arrive within days, we are trying everything we can to work together with the union – urgently – to deliver the holidays to Canadians,” Jessica McDonald, Chair of the Board of Directors and Interim President and CEO of Canada Post, said in the Canada Post statement calling for the cooling-off period. ."This proposal also includes a way for the parties to resolve their differences and these negotiations.”
As far as the tight deadline, Canada Post said part of the reason for it is operational. "After that time, Canada Post would lose its last window of opportunity to clear the backlogs before the oncoming wave of volumes reaches its facilities," the company said.
Brambles, a supplier of reusable pallets, crates and containers for the supply chain industries, recorded strong revenue growth but its profit was much lower in the first half of its financial year, according to results released to the Australian Stock Exchange.
An Australian court has refused permission for the creation of a coking-coal mine in New South Wales on the grounds that it would adversely contribute to greenhouse gas (GHG) emissions and would set back the fight against climate change. Legal scholars are hailing the decision as a “hugely significant” ruling.
A new initiative aims to make half of the company’s shipments net zero (emissions) by 2030.
J.B. Hunt has closed its acquisition of Cory 1st Choice Home Delivery, adding the last-mile business to its Final Mile Services Division.
Positive Train Control isn’t just about safety anymore as the railroads revisit how the technology can generate capacity and save money.
Today on FreightWaves NOW, Market Expert Zach Strickland gives us a look at what's happening right now with market share, and a seasonality comparison between DAT Dry Van Freight Rates between now and the previous three years. Nick Austin updates us on the weather and points out some cool new features to SONAR 3.2.
Morgan Stanley Real Estate Investing (MSREI), the private real estate investment arm of Morgan Stanley (NYSE: MS), has purchased a majority stake of KSH Infra Pvt. Ltd. for INR (Rupees) 3.5 billion or $49 million.
Eight inches or more of soaking rain may fall this week in the Southeast. Flooding, road closures likely.
Closure of Honda’s plant in Swindon will cost 3,500 jobs at the factory and thousands of related jobs, including in logistics companies.
Kerry Logistics (SEHK: 636) has entered a joint venture with E-Services Group (ESG) according to a Kerry press release. The joint venture, Kerry ESG, will increase e-commerce fulfillment in Hong Kong, mainland China and Taiwan, as well as the 10 members nations of the Association of Southeast Asian Nations (ASEAN).