U.S. ports are expected to handle 2.03 million TEU during August, marking the first time American ports have handled over 2 million TEU since October 2022.
The unemployment rate in the U.S. transportation sector rose 0.7 percentage points to 4.9% in July 2022, above the pre-pandemic July 2019 level of 4.2%.
The “wahre Kosten” or “real costs” campaign was triggered by the belief that prices in supermarkets do not reflect the true environmental or long-term health costs of food.
The package carrier took an extra hit last quarter from its contract talks with the Teamsters union, which UPS says resulted in $1 billion in lost revenue.
The filing comes nearly three years after the airline tapped the junk bond market for the first time in summer 2020 amid the pandemic-era boom and cheap credit.