Labor unions
Union Pacific locomotive engineers ratify new five-year contract
A GE AC4400CW diesel-electric locomotive in Union Pacific livery is seen near Union Station in Los Angeles on Sept. 15, 2022. Bing Guan | Reuters Locomotive engineers at Union Pacific voted to ratify a new five-year contract with the railroad operator, the BLET-Teamsters union said on Friday. Under the new contract, nearly 6,000 members represented by the Brotherhood […]
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Air Canada suspends third-quarter and full-year guidance following ‘unlawful’ strike
Air Canada Boeing 777-300ER passenger aircraft spotted flying on final approach for landing on the runway of Athens International Airport Eleftherios Venizelos at the Greek capital. Nicolas Economou | Nurphoto | Getty Images Air Canada is suspending its guidance for third-quarter and full-year operating results after the union defied back-to-work orders, which further halted the […]
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Trump administration sued for ending union bargaining for TSA officers
Travellers process through a security checkpoint at Seattle-Tacoma International Airport before the Thanksgiving holiday in Seattle, Washington, U.S. November 24, 2021. Lindsey Wasson | Reuters Unions filed a lawsuit on Thursday seeking to block the Trump administration from ending collective bargaining for about 50,000 Transportation Security Administration officers that staff checkpoints at U.S. airports and other […]
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Experts say high food prices are here to stay. Here’s why
Inflation has steadily cooled over the past two years, despite seeing a slight stall in October and November. Prices for items such as gasoline, used cars and energy have all declined accordingly. However, food prices continue to outpace inflation, increasing by 28% since 2019. More than 85% of consumers report feeling frustrated with rising grocery […]
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How Elon Musk’s plan to slash government agencies and regulation may benefit his empire
Elon Musk’s business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, […]
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Canada’s Labor Minister ends coast-to-coast port labor turmoil, forcing unions back to work
A Canadian Pacific Railway Co. locomotive pulls a train at the Port of Vancouver in Vancouver, British Columbia, Canada, on Thursday, Aug. 22, 2024. Bloomberg | Bloomberg | Getty Images Canadian Labor Minister Steven MacKinnon has invoked federal powers to end work stoppages at the ports of Vancouver, Prince Rupert and Montreal, ordering binding and final arbitration […]
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Labor strikes shut down operations at Canada’s container ports from East to West Coast, with U.S. trade left in limbo
Key ports on Canada’s West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. The International Longshore and Warehouse Union Ship & Dock Foreman Local 514 began striking on Monday morning, stopping containers and cargo immediately. According to the Greater Vancouver Board […]
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The East and Gulf coast ports strike could be a no-win situation for the Biden administration
Mario Tama | Getty Images News | Getty Images President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision […]
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The East and Gulf coast ports strike could be a no-win situation for the Biden administration
Mario Tama | Getty Images News | Getty Images President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision […]
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Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound, caught up in East Coast trade shutdown
An Eli Lilly & Co. Zepbound injection pen, March 28, 2024. Bloomberg | Bloomberg | Getty Images As a port strike stretching from New England to Texas halted nearly half of all trade coming into the U.S., customs data shows that critical medical devices and drug components for the booming, expensive weight-loss and diabetes drugs […]
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