Episode Details
Back to Episodes
USPS 8% Fuel Surcharge, UPS Retracts Buyouts & Tesla Semi Range | The Morning Minute
Description
The US Postal Service is proposing a historic 8% fuel surcharge on parcel products to combat rising transportation costs fueled by the war in Iran. This unprecedented move aims to help the agency manage skyrocketing gasoline and diesel prices while transitioning to a sustainable long-term pricing model.
In the logistics sector, intense union pressure has forced UPS to walk back a massive $150,000 driver buyout program across 13 states. The Teamsters union successfully argued that these lucrative separation agreements bypassed regional contracts, stalling the company's efforts to eliminate 30,000 jobs amid falling parcel volumes.
Finally, a new real-world freight study by the North American Council for Freight Efficiency is challenging conventional wisdom regarding commercial powertrains. While traditional diesel trucks shattered expectations by hitting 11.5 miles per gallon, electric vehicles like the Tesla Semi proved their long-term viability by completing a 460-mile trip on a single charge.
Follow the FreightWaves NOW Podcast
Learn more about your ad choices. Visit megaphone.fm/adchoices