A rejection of the deal would have triggered a lockout starting on May 2 at the Mirabel manufacturing plant near Montreal.

Despite those disruptions, Maersk still lowered its expected operating loss for the year from $5 billion to between zero and $2 billion.

Leaders also said they've struggled to hire and retain skilled supply chain-focused workers in the last two years. 

Lufthansa estimates weeks of airline worker strikes impacted first quarter earnings by as much as €350 million.

The two rail giants account for nearly 90% of the industry’s revenues and more than three-quarters of overall tonnage carried by the sector.

Spending by shippers dipped by almost 28% from Q1 of 2023, more than the dip in volume, indicating lower rates.

Amazon saw its net income increase from $3.2 billion in the first three months of 2023 to $10.4 billion in Q1 of 2024.

Spirit, which was spun out of Boeing in 2005, is in an increasingly stretched financial position as the U.S. planemaker slows output of its 737 aircraft.