XPO News Explorer
Stay informed with the latest market news and analysis about XPO
2024-10-27
No new freeports to come in Budget after 'comms cock-up'
Oct 27, 2024, 2:14 PM
The government mistakenly briefed that five new low-tax sites would be announced this week.
2024-10-03
International Longshoremen's Association suspend strike as negotiations continue
Oct 3, 2024, 7:06 PM
The walkout threatened to plunge the holiday shopping season into turmoil and become an issue in next month's presidential election.
Dockworkers' union reaches tentative agreement, will suspend port strike until January
Oct 3, 2024, 7:00 PM
U.S. port operators have proposed a conditional offer of a 62% wage increase to dock workers to end a strike and get back to work, FOX Business has learned.
Dockworkers' union suspend strike until Jan. 15 to allow time to negotiate new contract
Oct 3, 2024, 6:40 PM
The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract. The union, the International Longshoremen’s Association, is to resume working immediately.
Harold Daggett, Port Strike Leader, Seeks Big Raises for Dockworkers
Oct 3, 2024, 9:58 AM
Harold J. Daggett is seeking big raises for longshoremen on the East and Gulf Coasts who have fallen behind workers on the West Coast.
Meet Harold Daggett, the Union Leader Behind the Ports Strike
Oct 3, 2024, 8:23 AM
As president of the International Longshoremen’s Association, Harold Daggett is taking advantage of organized labor’s resurgence to drive a hard bargain.
The dockworkers strike over automation is just the beginning: Morning Brief
Oct 3, 2024, 6:00 AM
The dockworkers strike is the next chapter in the workers vs. automation and AI story — one that won't be finished anytime soon.
2024-10-02
Dockworkers union's calls for automation restrictions at US ports could undercut competitiveness
Oct 2, 2024, 6:00 AM
Unionized dockworkers at East and Gulf Coast ports are on strike, demanding higher wages and protection from automation, though experts warn automation is needed for competitiveness.
2024-10-01
Dockworkers’ Strike Halts Commerce at Newark Port, Affecting the Supply Chain Ecosystem
Oct 1, 2024, 6:07 PM
The strike by longshoremen has halted commerce at Newark and other ports on the East and Gulf Coasts, affecting an ecosystem of supply-chain workers.
Biden won't force ports to resume operations by invoking labor law
Oct 1, 2024, 5:21 PM
White House press secretary Karine Jean-Pierre affirmed the Biden administration is "not planning to" intervene in the port strike using the Taft-Hartley Act.
Union boss on US ports strike: 'I'm not playing games'
Oct 1, 2024, 2:35 PM
Harold Daggett says his dockworkers will are "going to win" in their battle to secure higher wages.
What Dockworkers Are Pushing For in the Port Strikes
Oct 1, 2024, 12:44 PM
The union representing thousands of striking dockworkers is pushing for bigger wage increases than port operators have offered, and a ban on automation.
The White House has few good options if the port strike becomes protracted
Oct 1, 2024, 12:08 PM
There are multiple approaches that the White House could take if the ports strike drags on and on — but they come with deep downsides.
Dockworkers go on strike at East and Gulf Coast ports
Oct 1, 2024, 12:17 AM
Dockworkers at seaports on the East and Gulf Coasts went on strike Tuesday after negotiations with port employers over a new contract remained at an impasse.
2024-09-30
Biden-Harris commerce secretary says she is staying out of potential port worker strike
Sep 30, 2024, 9:00 PM
The secretary of commerce, Gina M. Raimondo, said she is not very focused on the potential for looming strikes despite the costs for the economy.
Port strike: Can West Coast ports absorb East and Gulf Coast import volumes?
Sep 30, 2024, 5:17 PM
Dockworkers at East and Gulf Coast ports are on the verge of a strike that could begin Tuesday, raising questions about whether West Coast ports can absorb stalled shipments.
Chicago Federal Reserve Bank President Austan Goolsbee discusses the impact of the looming port strike on the economy and the Fed's rate cutting process.
American Trucking Associations President and CEO Chris Spear analyzes the short and long-term macroeconomic impacts as dockworker strikes could disrupt major shipping ports on the East Coast.
Dockworkers Strike at U.S. Ports Could Begin Tuesday
Sep 30, 2024, 5:06 AM
Members of the International Longshoremen’s Association could walk off the job, halting most shipments at East and Gulf Coast ports and rattling the U.S. economy.
2024-09-29
Longshoremen union's demand for total ban on automation questioned as port strike looms
Sep 29, 2024, 1:08 PM
International Longshoremen's Association on Sunday said workers are readying for the picket lines should a deal not be reached by end of day Monday.
Beneath the Potential Strike at U.S. Ports: Tensions Over Innovation
Sep 29, 2024, 5:03 AM
Port operators have long embraced automation, while dockworkers view it as a threat to their livelihoods.
2024-09-28
American Trucking Association CEO Chris Spear says produce and farmers will get hit first amid looming port strike on 'Maria Bartiromo's Wall Street.'
2024-09-26
Port employers file labor complaint against dockworkers seeking to resume negotiations as strike looms
Sep 26, 2024, 2:49 PM
Employers at East and Gulf Coast ports filed an unfair labor practice complaint against the dockworkers' union in an effort to restart negotiations and prevent a potential strike.
Postal Service eyes 5 stamp price changes by end of 2027
Sep 26, 2024, 11:53 AM
The U.S. Postal Service is looking to change stamp prices five times in the next few years, the agency indicated in a filing with the Postal Regulatory Commission.
2024-09-25
FOX Business' Lydia Hu has the details from Bayonne, N.J., on 'Varney & Co.'
2024-09-22
Potential port strikes send ripple effects through supply chain, threaten inflation
Sep 22, 2024, 2:00 PM
U.S. rapidly approaching deadline for a new labor contract for dockworkers at three dozen ports. If a deal isn't reached, all of the workers were told to stop working.
2024-09-20
US economic toll of East Coast and Gulf port strike could be billions per day, trade expert warns
Sep 20, 2024, 6:00 AM
National Association of Wholesaler-Distributors CEO Eric Hoplin suggests that the union is being "too unreasonable" as a potential strike could cost the U.S. economy billions.
2024-09-11
Stock futures inch lower as investors brace for more inflation and labor data
Sep 11, 2024, 6:03 PM
The three major averages closed higher on Thursday, aided by gains in big tech names.