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Article: Shippers Plan to Divert Freight Ahead of Labor Talks, Survey Says
- Article from:
- Transport Topics
- Article date:
- May 21, 2007
- Author:
CopyrightCopyright Transport Topics Publishing Group (TTPG) May 21, 2007. Provided by ProQuest LLC. (Hide copyright information)
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Teamsters' Pacts With UPS, LTLs Expire During 2008
A survey by investment firm Bear, Stearns & Co. found some shippers are planning to divert freight to nonunion firms about a year before the expiration next year of Teamsters union contracts with UPS Inc. and less-than-truckload carriers, but carriers said they haven't seen any signs of such diversion.
The survey of 1,000 shippers conducted during the first quarter said 14% of LTL shippers would begin to divert an average of 20% of their freight away from union carriers, starting in the current quarter, well ahead of the expiration date for the National Master Freight Agreement on March 31.
A smaller percentage of parcel shippers, 10%, ...