TIL shares fall on tanker strike threat

Fri, 04 Dec 2020

TIL Logistics shares fell 5 percent after the company warned of a possible fuel tanker driver strike during the week before Christmas.First Union, which represents about two-thirds of the drivers at the company’s Pacific Fuel Haul business, has issued notice of a one-week strike starting 3pm on Friday, Dec. 18.Pacific runs a fleet of more than 200 tankers and carries about 40 percent of the country’s petroleum. In 2018 it renewed a long-term contract with Z Energy and Caltex.Pacific chief executive Stephen Owles said the company had...

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